Can a Mediation Save your Home from Foreclosure?
By: Emil Fleysher | March 3, 2011 | Debt
In 2009, Florida Supreme Court issued an order mandating foreclosure mediation for all residential homesteaded properties. In other words, upon filing a foreclosure action on a primary residence, the banks now have to attend mediation with the borrower. This is before the case can proceed, or at least provide the borrower with the option. Under
What are the alternatives to Bankruptcy?
By: Emil Fleysher | January 20, 2011 | Bankruptcy
Believe it or not, there are some alternatives to bankruptcy. Your right to file for bankruptcy and discharge your debts is a very important and very powerful right. It can only be used once every 8 years and should not be exercised unless absolutely necessary. The general rule of thumb for deciding whether you should
What Happens to my 2nd Mortgage/Home Equity Loan in Ch. 7 Bankruptcy?
By: Emil Fleysher | December 23, 2010 | Bankruptcy
Many clients are concerned with what will happen to their second mortgage (also referred to as a Home Equity Loan, Home Equity Line of Credit or HELOC) during and after Chapter 7 Bankruptcy. What is Second Mortgage? In general, second mortgages or HELOCs are loans that property owners get. The value of the property above
Effects of the Foreclosure Crisis on South Florida Home Prices
By: Emil Fleysher | November 1, 2010 | Debt
The following is a series of charts organized by county showing the declining (in most cities) median listing prices for homes in South Florida. Moreover, they show the effects of the foreclosure crisis. MIAMI-DADE COUNTY Aventura Bal Harbour Aventura Zillow Home Value Index Aventura Home Values - Interactive chart Bal Harbour Median List Price Bal