Blog Archives
Avoid a Deficiency Judgment: Short Sale, Foreclosure Defense, or Ch. 7 Bankruptcy
Even though the real estate market in SWFL is beginning to show signs of improvement, housing prices are still nowhere near where they need to be. Floridians in particular, are familiar with the term “underwater mortgage,” which describes what many have been facing for years now, home values that are far less than the amount owed. Read the rest of this entry
Deficiency Laws in Florida
Deficiency Laws in Florida
As discussed in my previous blogs, deficiency judgments in Florida are a very real concern that should not be taken lightly. Many homeowners are ill informed and believe that if they walk away from their home and give it up in foreclosure, then that’s the end of the problem. Unfortunately, they would be sorely mistaken as it could just be the start of their troubles. Read the rest of this entry
DEFICIENCY JUDGMENTS AND TAX LIABILITY
A main concern that every homeowner should have when considering a short sale, deed in lieu, mortgage restructuring, or foreclosure is the potential of a Deficiency Judgment. Read the rest of this entry
How to write a Hardship Letter – Part II
Part II
No pointing fingers
A wise old man once said, “You get more flies with honey than you do with vinegar.” By now, the entire world knows that the banks are not innocent victims in this foreclosure debacle. However, this is not the time nor the place to make excuses, point fingers and play the blame game. This is the time to have a big slice of humble pie and ask for forgiveness. Read the rest of this entry
