Category: Short Sale

WHAT EFFECT DOES BANKRUPTCY HAVE ON VEHICLE OWNERSHIP?

Read about everything you need to know about the relationship between bankruptcy and vehicle ownership. What Assets Can You Keep During the Bankruptcy Process, and Will Your Car Be Affected? Many people who are struggling with debt try to avoid filing for bankruptcy. This is because they are afraid of losing their most valued possessions,

CAN YOU LOSE YOUR IRA, 401(K) RETIREMENT OR PENSION ACCOUNTS IF YOU FILE BANKRUPTCY?

Learn everything you need to know about bankruptcy and losing retirement savings. If you’ve spent years saving and building up your retirement, figuring out whether you’ll be able to keep it is probably a paramount concern when considering filing for bankruptcy. In Ch. 7 bankruptcy, the Ch. 7 trustee will sell off or liquidate any

SHOULD I RESOLVE MY IRS DEBT WITH BANKRUPTCY OR AN OFFER IN COMPROMISE?

    Depending on the age and nature of your tax debt, bankruptcy may be an advantageous alternative to an Offer In Compromise with the IRS. Being in debt can be a very difficult situation to deal with. Even more so when one of your major creditors is the IRS. Deciding which bills to pay,

WHY WOULD I FILE CHAPTER 13 IF I QUALIFY FOR CHAPTER 7?

When both Chapters of bankruptcy are available in Florida, Chapter 13 bankruptcy may present some unique advantages over Chapter 7. What is Chapter 13 Bankruptcy? Bankruptcy is a legal process that helps those who are in debt while also assuring some degree of fairness to all parties involved. For the majority of people, bankruptcy is

Emil Fleysher Added as Top Bankruptcy Attorney on Expertise.com

The Law Office of Emil Fleysher, PA recently ranked on the top Bankruptcy attorney in the Deerfield Beach and Pompano Beach areas. Our firm received "A+" rankings for Reputation and Professionalism.  Expertise.com finds and reviews the top service professionals in over 200 industries across the U.S. Each month, they research more than 60,000 businesses to

Is a Short Sale right for you?

Many South Florida borrowers face a tough decision after defaulting on their mortgage loan... Is a Short Sale the right thing for us to do right now? The answer is actually not as complicated as you may think. How to Know if it is the Right Decision? Simply put, if you are ready to leave

Foreclosed homes to be rehabilitated for new buyers in South Florida

The housing organization in South Florida gets the opportunity to purchase over 2,000 homes in foreclosure. It could ultimately end up with individual homebuyers. The Federal Housing Finance Agency stated it is broadening its Neighborhood Stabilization Initiation Program to South Florida. And, 17 other metro areas across the nation. How does Neighborhood Stabilization Initiation Program

South Florida Had An Increase Of Foreclosure Activity In March

According to a study by RealtyTrac, March had an increase of foreclosure activity, reversing months of declines. February had 4,577 filings in the tri-county area. But, during March the foreclosure activity, that is, filings went up to 6,329 for the tri-county area. The filing counts as a repossession, a judgment, or a new foreclosure lawsuit.

Reset of Loans Causes Increase in Home-Equity Payments

As interest-only periods expire on loans begun during the housing bubble era, 3.3 million homeowners will be facing higher payments during the next four years on home-equity lines of credit, according to RealtyTrac. The Heloc loans that totaled $158 billion are requiring principal paydowns beginning this 2015 through 2018. There is a rising threat over

When Mortgage Transfers Go Awry

The Fourth District Court of Appeal ruled against HSBC Bank USA in a foreclosure case for lack of standing. The defendants, Donna and Marc Murray, appealed a final foreclosure judgment against the bank with the argument that they failed to validate that the mortgage originator transferred its rights. Judge Melanie May wrote on behalf of