Foreclosure and Loan Modification Blog

Jake Sterling

Jake Sterling is Amerihope Alliance Legal Services' Homeowner Liaison. He helps to bring awareness and teach homeowners about foreclosure defense and options to save their homes.

Foreclosure Process in Florida

Defending your home against foreclosure in Florida can be complicated and scary. If you've been served foreclosure papers, chances are you're looking into foreclosure defense in Florida. Only a licensed foreclosure lawyer can help you stay in your home and discuss your foreclosure options. Keep a list of questions to ask your foreclosure defense lawyer. In the meantime, we'll let you know what you can expect in the foreclosure process:

30 Days past due: If you haven't paid your mortgage in at least 30 days, your lender may report this to the credit bureau. Your credit report is now showing a mortgage deficiency and chances are you will be served foreclosure papers in the future if you are unable to get in touch with your bank.

Bank of America Foreclosure Settlement Isn't Enough

Under constant sctrutiny lately, it's no secret that Bank of America took a unique approach to the foreclosure crisis. After acquiring Countrywide Financial in 2008, Bank of America took the easy way out by blaming the new guy. Instead of helping homeowners by lowering rates and extending loans like many mortgage companies have been forced to do over the past few years, Bank of America's foreclosure settlement is designed for Bank of America to take as few loses as possible. With many homeowners around the country finding themselves underwater on their homes, some mortgage lenders realized that loan modifications are cost effective and help people stay in their homes when faced with foreclosure.

Bank of America Only Protects Themselves

[fa icon="clock-o"] Friday, March 8, 2013 [fa icon="user"] Jake Sterling [fa icon="folder-open'] florida foreclosure defense, foreclosure defense, bank of america foreclosure

If you're faced with foreclosure, writing a hardship letter for your mortgage company will be required if you are seeking a loan modification. Remember that every bank is different and what one might consider a great hardship letter, another might throw aside and not consider. The best way to get a well written hardship letter that will grant you the loan modification you're looking for is to hire a licensed foreclosure defense attorney and determine exactly what you should and shouldn't put in your hardship letter.

[fa icon="clock-o"] Wednesday, March 6, 2013 [fa icon="user"] Jake Sterling [fa icon="folder-open'] loan modification, foreclosure defense, write a hardship letter

What could be bad about streamlining the foreclosure process in Florida? Especially when we have so many homes in Florida currently in foreclosure. Well...a lot, actually. The fact that the foreclosure process can take so long has always been a benefit to the homeowners because it gives both the homeowner and their foreclosure defense attorney time to prepare legal documents and paint an accurate picture of the person's financial situation.

The ability of a foreclosure defense attorney to prolong the foreclosure process has always benefited the homeowner by providing ample time to present a loan modification plan to the lender in hopes that the foreclosure process could be stopped and the homeowner could keep their home.

[fa icon="clock-o"] Friday, March 1, 2013 [fa icon="user"] Jake Sterling [fa icon="folder-open'] florida foreclosure defense, foreclosure defense, florida foreclosure bill

Foreclosure and Loan Modification Blog

Jake Sterling

Recent Posts

Foreclosure Process in Florida

Bank of America Foreclosure Settlement Isn't Enough

Bank of America Only Protects Themselves

How to Write a Hardship Letter for your Mortgage Company

Florida Foreclosure Bill to Streamline Foreclosure Process

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