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Florida now has the highest foreclosure rate nationwide, and it is becoming a major problem. Of the 10 metropolitan areas with the highest foreclosure rates, seven are in Florida. In 2012, foreclosure filings jumped 20 percent, and one in five mortgages in the state are currently delinquent. According to the Orlando Sentinel, Seminole County Judge … Read more

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Tags: Florida Real Estate

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In addition to the struggle with mortgage payments, homeowners who are undergoing foreclosure have to spend hours submitting documentation to mortgage servicers only to be asked to resubmit more paperwork. Five of the largest mortgage servicers in the country have agreed to stop foreclosure abuses and issues with documentation. Some of the servicers have opted … Read more

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Tags: Florida Real Estate

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A major procedure that borrowers often overlook in loan modification issues is the hardship letter. To apply for any mortgage assistance that involves cutting your monthly payments to match your current financial standing, banks and lenders require you to write a hardship letter, which contains the reasons for the default as well as your next … Read more

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Tags: Debt Collection under Florida law | Florida Real Estate

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