Lucky Few Floridians Get $125,000 from Foreclosure Settlement, Most to Get $300
By: Emil Fleysher | May 8, 2013 |
Foreclosure
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
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Loss Mitigation Programs Overview
By: Emil Fleysher | May 5, 2013 |
Mortgage Loan Modification
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
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Florida Loses Top Foreclosure Spot to Nevada
By: Emil Fleysher | April 18, 2013 |
Foreclosure
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
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Fannie Mae & Freddie Mac Announce "No-Doc" Loan Modification Program
By: Emil Fleysher | April 14, 2013 |
Foreclosure
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
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Inherited IRA Bankruptcy Exemption Question from a Visitor...
By: Emil Fleysher | April 13, 2013 |
Bankruptcy
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.
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Bankruptcy Letter Question from a Visitor
By: Emil Fleysher | April 11, 2013 |
Bankruptcy
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
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Bankruptcy Filing Fee Waiver Question from a Visitor...
By: Emil Fleysher | |
Bankruptcy
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
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Why was my Foreclosure Case Scheduled for Non-Jury Trial?!
By: Emil Fleysher | April 10, 2013 |
Bankruptcy
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
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South Florida Bankruptcy Courts Implement Mortgage Modification Mediation Program
By: Emil Fleysher | |
Bankruptcy
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.
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Hospital Collections Question from a Visitor
By: Emil Fleysher | April 9, 2013 |
Bankruptcy
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. You can see if they are willing to settle the hospital debt for less than what you owe. Without knowing
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