Too many Florida homeowners understand the uncertainty of whether they will be able to keep their homes because they are unable to make the payments. It is that uncertainty and fear upon which mortgage debt relief companies prey. Every homeowner should be wary of any...
Loan Modification vs. Bankruptcy
A loan modification could help in avoiding home foreclosure
Florida homeowners continue to have problems making their mortgage payments despite the upturn in the economy across the nation. Some homeowners might be able to negotiate a loan modification with their lenders as a way of avoiding home foreclosure. For those who want...
The FHFA could make avoiding home foreclosure easier for some
Despite the fact that the recession and the housing market crash are considered to be over, there are still thousands of homeowners here in Florida and elsewhere whose mortgages are underwater (homeowners owe more than the home is worth). In response to this, the...
Options for avoiding home foreclosure
Florida was one of the hardest hit states when the housing market crashed in 2008. Even all these years later, many homeowners are still feeling its effects. For many of those who are still delinquent on their mortgage loan payments, avoiding home foreclosure is a...
Home sold despite pending loan modification
The loan modification process undoubtedly takes time and can be a confusing process for some struggling homeowners. While Florida homeowners await approvals of loan modification applications, the struggle to keep up with mortgages can persist and make the financial...
Bankruptcy may be better alternative than mortgage modification
When a homeowner is in trouble financially, meeting a mortgage obligation each and every month may suddenly become a struggle. One of the first things Florida homeowners may want to do is contact their lender and plead for a mortgage modification. While this may work...
Don’t take my car! How to handle the threat of repossession
Debt has a way of sneaking up on people. In the early stages, the problem may register only once a month as you make the minimum payments on your bills. Next thing you know, you're late with a payment and you get a call from a creditor. This causes stress, but perhaps...
Before modifying your loan, consider all options
There are times when a homeowner has difficulty keeping up with mortgage payments. That struggle may be temporary or for the long-term. Sometimes, Florida homeowner may be unsure whether or not he or she will ever feel financially secure enough to keep up with home...
Stripping a second mortgage is possible for some in Florida
The housing market crashed significantly hard in Florida. Even though there have been some signs and economic indicators that point to a massive improvement the last few years, some people in Florida simply continue to struggle to pay their mortgage each month,...
Know the facts and numbers about a loan modification
During the height of the recession, homeowners explored various options for keeping their homes and avoiding foreclosures. One option that gained steam and helped many in Florida was the ability to get approval for a loan modification. Before pursuing that route, a...