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Free $20,000 to Avoid Foreclosure!

Albuquerque Law

Are you facing foreclosure? If eligible, the free money can be used to help pay for past due payments on your mortgage, utility bills, property taxes and homeowner insurance, as well as assistance with a possible decrease in the amount owed on a mortgage in order to prevent or avoid foreclosure.

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Serving a Defendant in a Residential Foreclosure Action by Publication

Jimerson Firm

A residential mortgage foreclosure action is initiated in Florida by filing a verified complaint with the appropriate court. If a defendant cannot be located, then service may be effected by constructive service, i.e., service by publication, which is governed by Chapter 49, Florida Statutes. 49.08, Fla.

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Florida Commercial Mortgage Holders Receive Foreclosure Clarification

Burr Forman

On July 29, 2020, Florida Governor Ron DeSantis signed Executive Order 20-180 , which extended the moratorium on residential tenant evictions and residential mortgage foreclosures in the state through the month of August. Commercial mortgagees may no longer claim protection from foreclosure under those orders.

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US RMBS Loan Delinquencies Remain Stable; Foreclosures Edge Upward

Collection Industry News

The sole metric showing stress is in the foreclosure category, which rose marginally to 2% from 1% and to 3% from 2% for bank and non-bank servicers, respectively. Other exit strategies, such as short sales and deed-in-lieu of foreclosure, account for 26% of monthly loss mitigation workout volume, a small increase from the previous quarter.

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New York Amends Contact Requirements For Certain Delinquent Borrowers

Collection Industry News

Laws 48) , amending single point of contact requirements for certain delinquent borrowers. First, Section 6-o does not define a “single point of contact,” leaving open whether only one individual may serve that role with respect to any particular borrower. What changes does the measure require for servicer protocols?

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Coronavirus Mortgage Relief: What Homeowners Need to Know

Credit Corp

In 2020, the federal government signed the Coronavirus Aid, Relief and Economic Security Act into law. The CARES Act was the first act passed by the federal government to provide financial relief to businesses and individuals in light of the economic strain caused by the COVID-19 pandemic. The first was a foreclosure moratorium.

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Can You Sell Your Home if You File for Bankruptcy in Indiana?

Sawin & Shea

If you are struggling to pay your mortgage and other bills, the good news is that the CARES Act (Coronavirus Relief and Economic Security) has extended the deadline for when the foreclosure moratorium is due to expire. Can you sell your house if you are in a foreclosure situation?