By now, most people have learned that one of the largest book retailers in the United States, Borders, has had to file for bankruptcy. Many held out hope that the book chain would be saved by investors or a private equity firm; however, due to the recent status of the...
Month: July 2011
Robo-signing and hasty foreclosures still threaten homeowners
Imagine receiving a foreclosure notice from your bank when your mortgage is in good standing. Homeowners across the country have faced and apparently are still facing similar scenarios due to an illegal practice called "robo-signing." Before mortgage and foreclosure...
Orlando’s apparent foreclosure relief could be calm before storm
In this recession, Florida has been significantly affected in regards to real estate compared to other areas of the country. Orlando in particular has felt the economic hurt in the shape of numerous hasty foreclosures. Could there be a positive turnaround in the real...
Loan modifications hard to come by in Florida
Many Florida homeowners are very concerned about the current state of the Florida economy and the housing market. Many are willing to do whatever it takes to stay in their homes, even if it means struggling to pay their mortgages on underwater homes. Recently, an...
Chase drops some Florida credit card debt collection lawsuits
According to a report by the Wall Street Journal, JPMorgan Chase & Co. has dropped more than 1,000 credit card debt-collection lawsuits in several states, including Florida, California, Illinois, New York, and New Jersey. As of March 31, 2011, the WSJ estimates,...
Jobless Florida homeowners may be able to defer mortgage payments
Florida's housing market has been suffering for some time. Unfortunately, despite the many efforts to stabilize it, there has been little improvement. Many people who lost their jobs have been struggling to make ends meet and especially to make mortgage payments. The...
Loan modifications only help if banks live up to new agreement
Would you like to reduce your monthly mortgage payment? Thousands of homeowners have looked to mortgage modifications as a way to lower their monthly bills during hard times, but the process hasn't been easy on some homeowners. A home mortgage loan modification is...
Florida couple wants to sue lender for destroying their property
It is undoubtedly a difficult time for many homeowners throughout Florida and the rest of the country. It is not uncommon for a family to fall behind on their home payments - no matter how hard that reality is for the homeowners to bear. One such Orlando homeowner...