Florida Attorney Mortgage Crisis Support

Finally Government Bail Out Might Help Foreclosure Victims

2008-12-09T19:23:00.000-08:00

In a recent article, we are finally seeing an indication that the government bail out might help the mortgage holders facing foreclosure in Florida. With the changing landscape, and no-one being sure of what is happening, one thing we know for sure. If you are facing Foreclosure in Florida, and need to stop foreclosure in Florida, you need legal help. Give us a call - or click on our website link for a Florida Attorney specializing in stopping foreclosure.

It is our opinion that the new climate will likely be much more amenable to Mortgage Loan Modification in Florida as the most likely a good solution to stop foreclosure in Florida. Time will tell, it is certainly too soon to tell the effect of the Federal Bail out on individuals in Florida Facing Foreclosure.

If you are facing foreclosure in Florida, call us soon, your time is running out.

Special Report Mortgage Meltdown

FDIC chief: Intervene on foreclosures

Bank efforts to modify mortgages for troubled homeowners fail to reduce foreclosures - Sheila Bair urges resistant investors to be 'fiscally responsible.'

NEW YORK (CNNMoney.com) -- The nation's top banking regulator warned Tuesday that help for troubled homeowners is failing to keep pace with the foreclosure crisis.

"We're definitely behind the curve, and we fall further behind the curve every day," FDIC Chairwoman Sheila Bair told an audience at the Fortune 500 Forum in Washington, D.C.

Click Here to see the full article.

Florida Mortgage Loan Modification Explained

2008-12-03T17:10:00.000-08:00

Negotiating a Mortgage Loan Modification in Florida

I've been publishing some videos on what to expect when trying to avoid foreclosure in Florida or stop foreclosure in Florida.

Please take a look at my latest video and let me know what you think.

What Is A Mortgage Loan Modification?

2008-11-04T16:00:00.000-08:00

What Is A Mortgage Loan Modification?

A Mortgage Loan Modification is a negotiation between a lender and a borrower whereas the loan terms are restructured without refinancing. The rate and terms of your loan are restructured to fit your current financial situation.

In these market conditions, the banks and lenders have been mandated by the president to do everything they can to work out a payment plan with their borrowers. This is a great thing for today's borrowers, especially for those who are running late on their payments or are having trouble making them on time.

The banks and lenders would rather take less money and keep you in your home making a payment that you can afford, rather than go through the expense of foreclosing on the home, hiring a listing agent, rehabilitating the home, and letting it sit empty on the market for months, only to lose thousands in the process.

We currently work with most every major bank and lender to secure a loan modification in order to help them help you. In many cases we actually have taught smaller banks and lenders how to go about completing a loan modification.

I've spoken to my Florida Mortgage lender about my pending mortgage default in Florida, and they just want all their money. Can you still help?

2008-10-16T16:46:00.000-07:00

I've spoken to my Florida Mortgage lender about my pending mortgage default in Florida, and they just want all their money. Can you still help?

Yes. Many of our clients have experienced this same kind of inflexibility from their lender before calling us. You're bank is going to try to put you into something that will benefit them first and put your needs last.

Our staff has years of experience working with a variety of lenders and banks and we have the credibility and reputation to work with even the toughest lenders. We have direct contacts with most lenders and banks and we are always taken seriously.

Reinstatement Plan

A Mortgage Reinstatement Plan is where your lender will reinstate the original terms of your loan once you are caught up.

Repayment Plan

A Mortgage Repayment Plan is where your lender will tack on an extra amount onto each payment for a set period of time.

Loan Modification

A Mortgage Loan Modification is where you negotiate a restructure of your current loan terms without refinancing.

Loan Refinance

Refinancing your Florida Mortgage may be an option if you have the equity and credit required.

Forbearance Agreement

When your lender negotiates a repayment plan it is called a Forbearance Agreement. The lender may force you to list your home for sale.

Short Sale
A Property Short Sale is where you sell your property for less than you owe but your lender accepts it as payment in full.

Pre-Foreclosure Sale
In a Pre-Foreclosure Sale, you agree to sell your property before foreclosure takes place. (A Pre-Foreclosure Sale usually requires equity)

Deed-in-Lieu of Foreclosure
A Deed-in-lieu of Foreclosure is where you agree to sign your property back over to your bank and simply walk away.

Bankruptcy
You can file bankruptcy to protect yourself, but if you miss one payment you will be right back in foreclosure.

Florida Attorney Mortgage Crisis Support

2008-10-11T18:39:00.000-07:00

Welcome!

This blog exists assist struggling Florida homeowners in renegotiating their loans with their lenders or locating qualified buyers and negotiating with lending institutions to come to a fair resolution. The law firm of Laurence Weisberg stands ready to provide the necessary resources to connect sellers in distressed situations (including Property Owners, Banks, and Builders) with willing and able buyers.

The distressed mortgage world consists of two major groups.

* Investment groups seeking to capitalize on the glut of low priced housing as a result of the Florida Mortgage Crisis.
* Individuals and corporations suffering from a falling real estate market and mortgage rates that are making their housing investment unaffordable, likely facing foreclosure.

The Boca Raton Florida Law Office of Lawrence Weisberg supports the unique needs of

As a distressed Florida homeowners, it is imperative that you seek legal assistance to analyze your options including:

* locating financing to retain your property
* "short refinancing" your lender
* locate a buyer
* obtain "Short sale/payoff" approval from your lender,
* negotiate with your lender to modify their mortgage.

Our Law firm will provide access to distressed properties and excess inventory that must sell fast and is priced accordingly for those investing in today's distressed Florida Real Estate Market, in addition to supporting Homeowners trying to recover from their mortgage crisis.

Everyone wins - distressed sellers have access to competent individuals that can assist them and savvy buyers gain access to distressed properties bank foreclosed properties, builder liquidation closeouts, home auctions and volume buying opportunities.