Blog

Some Things You Should Know About Selling a Private Mortgage Note

Posted on December 28, 2015, updated on March 2, 2016 by Stephen Hachey

When selling your private mortgage note, you can do so through an investor or directly with a buyer. No matter which way you choose, it’s important to know the ins and outs of selling your private mortgage note. In addition to looking at more than one bid to make sure you receive fair market value, […]

Florida Foreclosure Statutes Of Limitations Explained

Posted on December 19, 2015, updated on February 23, 2016 by Stephen Hachey

According to Florida law, creditors such as mortgage lenders must file a lawsuit before a specific date to collect debt and foreclose on a property. If the creditor doesn’t meet the deadline, it might not be able to enforce that debt. If you haven’t made mortgage payments and your creditor hasn’t filed a foreclosure action […]

The Mortgage Forgiveness Debt Relief Act & Cancellation of Debt

Posted on December 6, 2015, updated on February 16, 2016 by Stephen Hachey

Through the Mortgage Debt Relief Act of 2007, taxpayers are able to exclude income from the discharge of debt on their main home. Homeowners who have either mortgage debt that has been forgiven as a result of a foreclosure or decreased debt as a result of mortgage restriction are eligible for relief. Homeowners who had […]

Should You Have Legal Representation for an Upcoming Trial Involving a Mortgage Modification Scam?

Posted on November 19, 2015, updated on January 19, 2016 by Stephen Hachey

If you find yourself in a situation where you’re facing a foreclosure, you’ll probably receive mail from a mortgage loan modification company that promises to help you rescue your home. As vulnerable as you might feel, take heed that most of these offers are scams. Here’s what you should know about mortgage modification scams, and […]

When a Buyer Fails to Pay the Mortgage, Should the Owner Foreclose or Evict?

Posted on October 25, 2015, updated on January 19, 2016 by Stephen Hachey

If you own a house and haven’t received payments from the buyer in an owner-to-owner transaction, you’re probably wondering how you should proceed. Do you foreclose, or do you evict? Here’s what to keep in mind when deciding. Start With a Foreclosure; Follow With an Eviction When you start the eviction process, you do it […]

Can a New Title Holder Turn Off the Electricity and Water Once It Has Been Transferred at a Foreclosure Sale?

Posted on October 12, 2015, updated on January 12, 2016 by Stephen Hachey

When a foreclosed property has been sold and its title has been transferred to a new owner, the first decision he or she must make is whether to turn off the utilities in his or her new home. Although every foreclosure sale is different and comes with its own determining factors, there are laws in […]

Does the Statute of Limitations Apply Differently to 2nd Mortgages?

Posted on October 5, 2015, updated on January 5, 2016 by Stephen Hachey

It’s conceivable that a mortgage lender could take months or years to start a foreclosure process after a homeowner has stopped making payments. That said, it’s important borrowers get to know about the statute of limitations and the time limits it sets for various legal proceedings. Here’s a little more information about the statute of […]

What Happens After a Judicial Default Has Been Granted on a Foreclosure?

Posted on September 28, 2015, updated on October 22, 2015 by Stephen Hachey

When a homeowner goes through a foreclosure process, he or she will deal with a lot of paperwork, notices and actions. For someone who isn’t well versed in real estate law and proceedings, the paperwork and court hearings can seem confusing – and intimating. One action that sometimes arises during a foreclosure is called a […]

Are Promissory Notes Required in Foreclosure Cases?

Posted on September 19, 2015, updated on October 22, 2015 by Stephen Hachey

Everyone is required to sign stacks upon stacks of paperwork upon purchasing a home, but how many pages actually are important during a foreclosure process? A promissory note is a document signed by the home buyer when purchasing a house that shows the buyer borrowed money from the lender. In most cases, the lender is […]

Can the Bank Collect Past Due HOA Fees After a Foreclosure Judgment?

Posted on September 13, 2015, updated on October 22, 2015 by Stephen Hachey

A foreclosure notice is never an easy document to receive, especially after pouring your heart and soul into creating the home you’ve always wanted. You’ve done everything you could have, but there just isn’t enough money rolling in to keep up with the steep bills and fees that come with owning a home. When a […]