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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

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

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

In the wake of the housing crisis, lawsuits against lenders, and settlements between government entities and some of the world’s biggest banks, an alphabet soup of loss mitigation programs have emerged and re-emerged. To help make sense of all of the available loss mitigation programs and how they relate to your situation, I have prepared

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

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

Q: I have an IRA account that belonged to my son that I'm a beneficiary of. Unfortunately, my son passed away. And, a financial adviser advised me 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.

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. Not sure what I need to do

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

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