Seminole County Foreclosure Help and Seminole County Short Sale Realtor Blog

A Florida program intended to help homeowners and lenders reach a compromise in foreclosure cases has ended. The Florida Supreme Court decided Monday to shut down the 2-year-old mediation program due to a low success rate.

The program faced criticism from both lenders and borrowers who typically had already tried and failed to work out an . . . → Read More: Florida Foreclosure Mediation Program Ended

The federal government has decided that several major banks are not doing a good enough job in modifying home loans through the Making Home Affordable Program, which was designed to prevent foreclosures. The Obama administration claims that the servicers need “substantial improvement” of their modification practices.

This comes after an audit that revealed shortcomings in the . . . → Read More: Seminole County Foreclosure News: Making Home Affordable Program Not Working as Intended, Banks Punished

New today in Seminole County foreclosure news, a recent court filing claims that Bank of America, currently the largest mortgage servicer in America, unnecessarily complicated the jobs of regulators tasked with reviewing the bank’s foreclosure practices. The review was a result of recent information that was uncovered which showed the mortgage giant used unfair practices . . . → Read More: Seminole County Foreclosure News: Bank of America Accused of Causing Foreclosure Delays

A special program created by legislators to help with the backlog of foreclosure cases created by the housing crisis is slated to end June 30th. The program, sometimes referred to as the “rocket docket,” hired retired judges to go through the mass amount of foreclosure cases. Many of these cases ended up being dismissed . . . → Read More: Seminole County Short Sale Realtor News: Florida Foreclosures May Be Delayed

In recent Seminole County foreclosure attorney and short sale realtor news, a report released in January shows that the Home Affordable Modification Program, or HAMP, has made very little progress in reducing the number of foreclosures, as the many pending Seminole County foreclosures and short sales show. A previous blog post of mine talks about . . . → Read More: Seminole County Foreclosure Attorney & Short Sale Realtor News–HAMP Program Could End

From your Seminole County short sale realtor and foreclosure lawyer, and back by popular demand, is the short sale versus foreclosure table. As you can see, there are many advantages to a short sale over foreclosure, particlularly if you qualify under the HAFA short sale program. I originally posted the “>Seminole County Short Sale . . . → Read More: Seminole County Short Sale Versus Foreclosure Table

Many Seminole County foreclosure lawsuits are filed everyday and a common question is what should a Seminole County homeowner do when they are sued for foreclosure? First, and most importantly, make sure that you file a written response to the Complaint with the Seminole County clerk of court. Under the Florida Rules of Civil . . . → Read More: Seminole County Foreclosure Attorney & Short Sale Realtor Tip: What to Do When Your Bank Sues for Foreclosure

In more Seminole County foreclosure attorney news from your Seminole County short sale realtor, the highest court in the State of Massachussetts , in U.S. Bank v. Ibanez, has handed down a decision favorable to struggling homeowners in foreclosure. You can read the full text of . . . → Read More: Seminole County Foreclosure Attorney & Short Sale Realtor News–Massachusetts Supreme Court Decision

In recent Seminole County Foreclosure Attorney and Seminole County short sale realtor news: PNC is the latest bank to halt foreclosures in Seminole County and the country. Once again, a major mortgage lender has halted foreclosure proceedings in the 23 states that use the judicial foreclosure process. The reason? Once again, the . . . → Read More: Seminole County Foreclosure Attorney & Short Sale Realtor News: PNC Latest Bank to Halt Foreclosures

In recent Seminole County Foreclosure Lawyer and Seminole County short sale realtor News, Bank of America Stops Foreclosures Due to Fraudulent Documents. Just weeks after Ally Financial (formerly GMAC) halted foreclosures due to fraudulent documents it filed, followed by JPMorgan Chase, Bank of America has now followed suit and halted all foreclosures in 23 states, . . . → Read More: Seminole County Foreclosure Attorney & Short Sale Realtor News: Bank of America Stops Foreclosures Due to Fraudulent Documents