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Foreclosure Defense and Loan Modification Blog

Foreclosures Lowest Since 2005, Repeats High In New York City And Miami

Posted by Maxwell Swinney

Wednesday, May 17, 2017

ATTOM Data Solutions has released its April 2017 U.S. Foreclosure Market Data report, which shows that April's foreclosure activity is the lowest since November 2005.

In April 2017 there were 77,049 foreclosure filings, which is a drop of 7% from the month before and a decline of 23% from a year ago. A foreclosure filing includes default notices, scheduled auctions, and bank repossessions.

The good performance of mortgages originated over the last seven years is a big part of the reason for foreclosure filings continuing to drop, ATTOM says. They do, however point to an issue with repeat foreclosures “on homeowners who often fell into default several years ago but have not been able to avoid foreclosure despite the housing recovery.”

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Topics: loan modification, florida foreclosure attorney, foreclosure, housing market

Wells Fargo's Negligence Leads to Wrongful Foreclosure Auction

Posted by Maxwell Swinney

Tuesday, March 7, 2017

Some homeowners do everything right, but mistakes by their bank cause them serious problems with their home. That's the case for a recent client of our firm who was approved for a trial loan modification, but her home was still sold at a foreclosure auction by Wells Fargo!

In August of 2016 a homeowner in Miami-Dade County, that I'll call Mrs. Thompson to protect her privacy, was approved for a HAMP trial loan modification by her lender, Wells Fargo. She had previously fallen behind on her payments, and being approved for a trial loan modification was exactly what she needed in order to avoid foreclosure and keep her home.

Normally being approved for a trial modification is the hard part about avoiding foreclosure because loan modification applications take a lot of work to complete and are frequently denied. But Mrs. Thompson was approved for a trial modification, so all she had to do was make her trial payments on time and move on with life, right? Not so fast.

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Topics: wells fargo loan modification, loan modification, florida foreclosure attorney, dual-tracking

Florida Supreme Court Ruling Could Increase Foreclosures In State

Posted by Maxwell Swinney

Tuesday, December 13, 2016

The Florida Supreme Court has issued a ruling that could increase the number of foreclosure actions brought against homeowners in the state.

According to the Florida Bar News, as a result of the state Supreme Court's November 3 ruling,“Lenders who have had a foreclosure suit dismissed can bring new action if the borrower continues to default after the dismissal and the case is brought within five years of nonpayment.”

The ruling had to do with the statute of limitations provision in Florida that says foreclosure on a mortgage has to be brought within five years of the borrower defaulting on payments.

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Topics: florida foreclosure defense, florida foreclosure process, florida foreclosure laws, florida foreclosure attorney, Florida statue of limitations

When to Hold and Fold When You're in Foreclosure

Posted by Maxwell Swinney

Monday, March 14, 2016

Most people facing foreclosure first experience a hardship that leaves them unable to pay their mortgage. The hardship is usually caused by loss of income, medical problems, divorce, or a family issue.

Whatever the cause, it's only a matter of time after you stop paying your mortgage before you lose your home through foreclosure. It could be many months or years, but it's eventually going to happen unless you reach a resolution with your bank.

And there are ways you to keep your home and solutions that allow you to exit your property under circumstances that are preferable to foreclosure.

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Topics: stop foreclosure, short sale, florida foreclosure attorney, foreclosure

Does Your State Require Judicial or Nonjudicial Foreclosure?

Posted by Maxwell Swinney

Wednesday, October 21, 2015

When you do not pay your home loan payments, your lender is required to follow the laws and procedures of your state to take ownership of your home and sell it. Some states require lenders to file a lawsuit in court in order to foreclose, which is known as judicial foreclosure. Other states allow lenders to foreclose without filing a lawsuit in court, which is known as nonjudicial foreclosure. Roughly half of the states have judicial foreclosure rules and half have nonjudicial. 

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Topics: new jersey foreclosure attorney, foreclosure defense, new york foreclosure attorney, florida foreclosure laws, florida foreclosure attorney, foreclosure

Case Dismissed Using the Florida Fair Foreclosure Act

Posted by Jake Sterling

Tuesday, June 16, 2015

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 5,000 homeowners, here is one of their stories.

In March 2015, we were retained to represent a Florida homeowner who was being sued by Dyck-O'neal to collect a post-foreclosure deficiency in the amount of $34,078.93 plus interest, costs, and attorney's fees. We won his case, and he owed nothing.

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Topics: successful loan modifications, florida foreclosure attorney, foreclosure deficiency

7 Reasons Not to Hire a Foreclosure Attorney

Posted by Jake Sterling

Tuesday, May 26, 2015

You are an attorney or you currently work or have worked for a bank and know their guidelines. You already know how many documents will you need to submit to your bank for a loan modification. **Free Amerihope Alliance Legal Services Document Checklist**

 

You know the general foreclosure laws and procedures in your state. For example in Florida, foreclosures are judicial, which means the lender must file a lawsuit in state court. The lender starts the foreclosure by filing a complaint with the court and having it served to the borrower, along with a summons. If you lose the case your house will be sold to satisfy the debt.

 

You don't need a foreclosure attorney to prove that the foreclosing party doesn't own your loan. In other words you know that your loan was bundled and securitized. Which means that in a process called securitization, your loan and other loans (includes both the promissory notes and the mortgages) with similar qualities are pooled, and then sold in the secondary market, often to a trust. Basically, securitization takes individual mortgage loans, bundles them into a package, and turns them into marketable securities (called “mortgage-backed securities”) that can be bought and sold. With that being said you believe you have a defense based on the fact that the foreclosing party can't prove that it owns your loan.

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Topics: illinois foreclosure lawyer, loan modification attorney, foreclosure defense, new york foreclosure attorney, foreclosure defense attorney new jersey, florida foreclosure attorney

Top Lawyers in Florida - 2015 Award

Posted by Jake Sterling

Tuesday, May 19, 2015

Right Instead of Wrong - How Important Are High Ethical Standards?

The first two definitions found on Dictionary.com are:

  1. Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.
  2. Being in accordance with the rules or standards for right conduct or practice, especially the standards of a profession.

Here at Amerihope Alliance Legal Services we believe that treating our clients and others in the communities we service with the highest of ethics, professionalism, and sensitivity are very important. Which is why we are very proud to be honored with the 2015 Highest in Ethical Standards and Professional Excellence Award from The Legal Network. These awards are substantiated by the stellar reviews from thankful clients.

The awards honor attorneys who, as a representative of clients, perform various ethical and professional functions. Those functions include:

Providing clients with an informed knowledge of the their legal rights, obligations and explaination of their practical implications.

Asserting the client's position under the rules of the adversary system.

Negotiating results advantageous to the client but always within the requirements of honest dealing with others.

All listed above are fundamental, necessary, and vital characteristics that an attorney needs to practice, advocate, and live by in order to win this distinguishing award.

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Topics: illinois foreclosure lawyer, new york foreclosure attorney, foreclosure defense attorney new jersey, florida foreclosure attorney, debt collections harassment, law firm awards

Bad Lending, Are You Being Taken Advantage Of?

Posted by Jake Sterling

Tuesday, April 14, 2015

If you put down less than 20% when you purchased a home, you probably pay for private mortgage insurance (PMI) every month. Private mortgage insurance protects the lender in case you can't make your payments and the house is foreclosed on. But what happens if you paid 20% down? Surely, that proves that your loan is not a risky one for the lender. I mean you have shown that you have a significant financial stake in the property. Pay attention, Mortgage Watchdog says that 70% of existing escrow accounts violate federal law by holding excessive balances. According to the Federal Deposit Insurance Corporation (The FDIC is an independent agency of the federal government responsible for insuring deposits.) Home loan errors are costing Americans $8 billion to $10 billion each and every year.

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Topics: florida foreclosure attorney

Celebrating 20 Years of Service - Attorney at Law, Gregory M. Nordt, Esq.

Posted by Jake Sterling

Tuesday, April 7, 2015

Attorney at Law, Gregory M. Nordt, Esq. has reached another milestone – 20 years of service and experience in the field. He has been practicing foreclosure defense, banking/finance law, tax law, and IRS tax controversy since 1995. Mr. Nordt, along with his team at Amerihope Alliance Legal Services, invoke candor, integrity, and expertise whilst defending their clients. All with the common end goal of achieving the best possible outcomes.

“I, along with our entire team, am extremely proud of our attorney Greg Nordt, that he has reached this career milestone with such integrity," said Amerihope Alliance Legal Services Operations Manager Sherrill Clark. "We applaud Greg for his long standing commitment and passion." All cases are unique and Mr. Nordt treats all clients with the respect and care they deserve.  From the start, Mr. Nordt fights alongside his clients to ensure the end goal is met. 

“There are so many talented people I work with. For the last three years our Managing

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Topics: new jersey foreclosure attorney, illinois foreclosure lawyer, new york foreclosure attorney, florida foreclosure attorney

About this Blog

Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

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Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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