Category: Foreclosure

Former Miami Dolphins QB Daunte Culpepper Surrenders Florida House in Foreclosure

Daunte Culpepper's 2006 signing with the Miami Dolphins was so disastrous that the repercussions are still being felt. In a foreclosure case, the former NFL quarterback has lost a home. He bought it for about $3.6 million back when he was traded to the Dolphins. Daunte Culpepper surrendered the nearly 10,000-square-foot home to SunTrust Bank

Tips for Foreclosure & Short Sale Buyers

After experiencing years of depression, Florida’s housing market is returning. Moreover, it contains many homes that are being marketed as either short sales or foreclosures. For anyone interested in potentially purchasing one of these homes, the following information is critically important. Here are some differences between foreclosure & short Sale. Price Between Foreclosure & Short

New Foreclosure Cases in Palm Beach County Up 10% from April, Down 21% from May 2012

The latest statistics for Palm Beach County’s foreclosure cases are in. There were 1,067 new foreclosure cases filed during May 2013; down 21 percent from May 2012 which had 1,356 new filings. The number of new cases for May was only 45 less than those filed in February of this year. There were 962 new

Florida Foreclosure Bill Passes Legislature

Despite its defeat, multiple times in past legislative sessions, the bill designed to speed up the foreclosure process passed the Senate on Friday, May 3rd; with a 26-13 vote, largely along party lines. The foreclosure bill has already passed the House and will go to Governor Rick Scott next for final approval. Concerns about the

Lucky Few Floridians Get $125,000 from Foreclosure Settlement, Most to Get $300

The first wave of checks from the $3.6 billion dollars federal foreclosure settlement will be mailed this Friday; according to the Office of the Comptroller of the Currency and Board of Governors of the Federal Reserve System, with hundreds of thousands of them going to Florida residents. In fact, out of the 4.2 million borrowers

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 the 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. Meanwhile, statistics show one in

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

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. They can do this without providing documentation regarding their income under a program introduced late last month. Announcement and the Purpose The Federal Housing Finance Agency announced the

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

A large number of people are getting a non-jury trial order from the court. 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 definite. South Florida courts have enacted new rules and procedures to

South Florida Bankruptcy Courts Implement Mortgage Modification Mediation Program

A mediation program is usually a great way for a plaintiff and defendant to sit down with a neutral arbiter to hash out their differences. And, to 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.

Collections Question from a Visitor...

What is the connection between collection and foreclosure? Q: Chase ($7,092.00) to Midland Funding sold debt. 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: