Florida Loses Top Foreclosure Spot to Nevada

Florida has ranked number one in the nation for foreclosure activity during the last 6 months, but now that run has ended. New statistics for March 2013 report Nevada as now being number one in the country. One in every 317 homes in Florida is in some stage of foreclosure, while statistics show one in each 306 homes in Nevada is in foreclosure.

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Fannie Mae & Freddie Mac Announce “No-Doc” Loan Modification Program

Fannie Mae & Freddie Mac recently introduced the Streamlined Modification Initiative (SMI) which provides for “No-Doc” loan modifications.

Beginning in July of this year, borrowers with mortgages owned or backed by Fannie Mae (FNMA) and Freddie Mac will be able to reduce their monthly payments without providing documentation regarding their income under a program introduced late last month.

The program announced March 29, 2013 by the Federal Housing Finance Agency.

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Inherited IRA Bankruptcy Exemption Question from a Visitor…

 

Question regarding inherited IRA account exemption in bankruptcy

Question regarding inherited IRA account exemption in bankruptcy

Q: I have an IRA account that belonged to my son that I’m a beneficiary of. Unfortunately, my son passed away and I was advised by financial adviser to transfer this IRA to my IRA account that’s already in existence. Unfortunately, I may be forced to file Chapter 7 in New York in the near future.

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Bankruptcy Letter Question from a Visitor

Legal Question Regarding Foreclosure, Bankruptcy, Short Sale, Modification, and Debt

A question from a visitor regarding a Bankruptcy Letter received in the mail

Q: What does a “Notice of Chapter 7 Bankruptcy Case, Meeting of Creditors, & Deadlines” letter mean? The letter says I may be a creditor of the debtor and may need legal advice. Can someone explain this to me? Might be because the debtor owes me child support.

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Bankruptcy Filing Fee Waiver Question from a Visitor…

Can the Chapter 7 Bankruptcy Filing Fee be waived? Florida Bankruptcy Attorney

Can the Chapter 7 Bankruptcy Filing Fee be waived?

Q: Will the bankruptcy court let me file Chapter 7 Bankruptcy without paying the $306 filing fee? Right now I have NO money. The credit card company attached my bank account (through a law firm) for about 8 months before I closed my account!! My only income is SSI. Will the bankruptcy court let me file forma pauperis or will I be required to pay the entire fee?

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Why was my Foreclosure Case Scheduled for Non-Jury Trial?!?!

Foreclosure Trial, Stop Foreclosure Trial, Non-Jury Trial, Bankruptcy, Trial, Attorney, Delay Trial, delay foreclosure trial

If you are among the thousands of South Florida borrowers in Foreclosure that have recently received an order from the court scheduling a non-jury trial, your time and options are limited. South Florida courts have enacted new rules and procedures to push through aging foreclosure cases, which will clear their case load but send myriad properties in to foreclosure sale and potentially flood the market with inventory.

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South Florida Bankruptcy Courts Implement Mortgage Modification Mediation Program

Bankruptcy Loan Modification Mediation Program. Chapter 13 Bankruptcy Attorney. Chapter 13 Bankruptcy lawyer.

The Southern District of Florida Bankruptcy Court has implemented a new Mediation program for distressed homeowners to work with lenders to modify their mortgages.

Mediation is usually a great way for a plaintiff and defendant to sit down with a neutral arbiter to hash out their differences and come to a resolution that is usually better than continued litigation. Mediation is successful in all types of disputes including personal injury cases, contract disputes and even divorces.

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Hospital Collections Question from a Visitor

Hospital Collections Question from a Visitor

Question from a visitor regarding a Hospital Debt

Q: My wife and I received a summons concerning a hospital debt of $722.00 started by a collection agency.What can we do?

A: What you can do is contact the agency or agency’s attorney and see if they are willing to settle the debt for less than what you owe. Without knowing your full situation, this is probably your best option.

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Bankruptcy Question from a Visitor

Bankruptcy Question for Bankruptcy Attorney Regarding Marriage and Bankruptcy

This question regarding Bankruptcy & Marriage was recently asked by a visitor.

Q: Will Marriage have bad effect on Bankruptcy? My girlfriend wants to file for bankruptcy, because of the debt for house and credit. I’m wondering if we should wait for her to be discharged? Then we marry?

A: You should wait to marry until after her bankruptcy meeting of creditors.

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Collections Question from a Visitor…

Collections & Foreclosure Attorney Questions & Answers

Collections & Foreclosure Question

Q: Debt was sold by Chase ($7,092.00) to Midland Funding. They are trying to collect and I have not paid since 2009, when i lost my job. My husband is on Social Security and I am still not working. Our house is in Foreclosure. What should i do?

A: You have some options to help resolve your issue.

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Lawyer Emil Fleysher | Featured Attorney Bankruptcy    SuperLawyers_Bankruptcy_Attorney    thepalmbeachpost    bba    nacba    Lawyer Emil Fleysher | Featured Attorney Foreclosure

Any information on this website is not intended to be communicated as legal advice. All information contained on this site is general and intended for information purposes only. For detailed legal advice regarding your loan modification, foreclosure, and/or bankruptcy needs, please schedule an appointment with the attorney. The Law Office of Emil Fleysher, P.A. is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.