Posts in Underwater Mortgage

Jan 20 New Help for Struggling Borrowers Published by Consumer Financial Protection Bureau

In January 2013, the Consumer Financial Protection Bureau issued several new rules governing mortgage servicers consideration of a ...

Jul 22 Is the New Florida Fair Foreclosure Act Really Fair?

On June 7, 2013, Governor Scott signed the Florida Fair Foreclosure Act into law. The Act makes many substantive and procedural ...

Mar 21 What Is a Hardship? the Answer May Surprise You!

One of the key ingredients to a successful short sale or loan modification is a hardship - the underwater property owner must be ...

Dec 11 Mortgage Debt Relief Act - An Alternative to Exempt Forgiven Debt from IRS Taxation

Everyone who is considering a short sale of their primary residence is currently in a holding pattern waiting to see if Congress ...

Oct 19 Clock Is Ticking on Mortgage Debt Relief Act

Several weeks ago, Florida property owners started to receive mortgage balance reduction offers from the nation's biggest mortgage ...

May 22 New 11th Circuit Case allows avoidance of Second Mortgages in Chapter 7

On May 11, 2012, the 11th Circuit Court of Appeal (whose decisions are binding in Florida) published its opinion in In re: McNeal. ...