By Jessica Serrano (attorney) and Arleen Muina (Senior Paralegal) Primarily, the death of a borrower does not extinguish the debt owed on a real property. If you are the only borrower under the loan, upon your passing, the mortgage holder (the “Bank”) has the right to enforce such debt and file a claim in your…
In today’s fluctuating real estate market, understanding the concept of foreclosure is crucial, especially for homeowners in Florida. Foreclosure occurs when a homeowner is unable to keep up with mortgage payments, leading to the legal process where the lender attempts to recover the balance of the loan. Going through this challenging phase requires a clear…
Even if you’ve had a bankruptcy in the past, becoming a Florida homeowner is still possible. Many people in Florida may receive a mortgage after filing for bankruptcy. Mortgage lenders understand that no application is flawless, and they have procedures in place to help people become homeowners. After bankruptcy, it is doable to refinance your…
If you’ve gone well behind your loan repayments or are having trouble keeping up, a loan modification may be the cure. A loan modification modifies one or more of the conditions of your existing mortgage permanently. By removing late fines, decreasing your rate of interest, increase the time to repay, and reducing your principal balance,…
If you have been financially affected due to the coronavirus (COVID-19) pandemic or for any other reason, the law might be able to assist you in obtaining mortgage modification. Borrowers who want to retain their homes but are unable to make their mortgage payments and have exhausted their deferral options may apply for a mortgage…
Mortgage modifications are often wise options for people who are behind in their mortgage payments or who are interested in lowering their payments. Unfortunately, there are a lot of scam artists out there conning innocent homeowners. Florida Attorney General warns residents about scams Despite crackdowns on mortgage scam artists, Florida residents are still being targeted…
Our Miami-Dade Foreclosure Lawyers Are Here To Help You Many homeowner’s in South Florida have faced or struggled with the possibility of losing their home in the Miami-Dade foreclosures process. While some people have been able to save their homes by obtaining a home mortgage modification, some still struggle with house payments they cannot afford.…
Are you struggling because of an unexpected job loss or medical emergency? Did a natural disaster – such as a hurricane – wreak your home or business? These things and many others can take a toll on you both emotionally and financially. It doesn’t take long before bill payments are behind and home mortgages are…
