Upcoming Foreclosures - Florida Bank Foreclosures Knowledge Base

Florida Bank Foreclosures Knowledge Base

How do you find Pinellas-county,Florida bank "FORECLOSURE-LIST"..for "free viewing"? doesn't have to be in my specific area just the ( ROOT) of the informationfor every state.

I live in Florida and the bank just filed for foreclosure. How long do I have to vacate my home? I received the papers 2 weeks ago that our bank is foreclosing on our home. I have not received any additional information, but we are not fighting the foreclosure. The truth is we can not afford our home due to my husband's job loss. How long do we have before we are evicted, and what is the notification process for this eviction? Can they just show up unannounced and throw us out? I am clueless. Thank you.

+bank foreclosure in florida? how can I find mobile homes for sale by bank in florida, I need to get the list.

I am in foreclosure in Florida for 4 years and still the bank has no judgment is their a status of limitation? for something like that so that the bank will no longer have the rights to do so?

any advive on florida foreclosures? any bank websites in florida or north carolina that list property foreclosures? I don't have lots of money to work with as i was disabled in an auto accident and i thought foreclosure property would give me more for the money

If you own two properties in Florida, can a bank go after your homestead if you default on the first loan? I own a condo in Miami and due to foreclosures in the community properties are now selling for a quarter of what I paid originally and I do not see the light at the end of the tunnel. If I purchase a second home and defaulted or foreclosed on the first property (condo), can the condo bank go after my second property if it is my primary residence? What options do I have?

List of Banks with most foreclosures in Florida?

Question about Florida foreclosures? We are interested in a home in Florida that has been foreclosed on and is now bank owned. It was listed before as in foreclosure then was taken off the market for a while, but is now back on the market as being owned by the bank. Considering that the market has not been doing well in Florida and no one has purchased the house so far (it's a fixer upper with five acres close to a bay and maybe 45 minutes from the beach), is there a chance the house may still be there in August when we will start putting in bids on houses? The first two sentences are redundant.. Sorry!

During Foreclosure, does the bank have a right to collect the money from your other assests,incuding accounts? It is hard to find info about the person being foreclosed on, and what are the steps that happen to them. Does the bank try to get a collecting agency to liquidate all your assets, so they get their money? Is there anyone that has been through foreclosure in Florida, that can explain and advise me of the process, for the person being foreclosed? Leave your email and I will contact you.

A first look at bank foreclosure homes, your thoughts please? I am not looking to buy cheap, just better priced, and near where I work in Miami Beach, Florida. A friend suggested getting a list of bank foreclosures from an agent, comparing them with other listed homes in the same area, and said that at least I could be sure the title to each would be "clear". I have enough capital and credit to buy a couple of units, one to rent out. What other advantages is this market likely to offer me?

in foreclosure can the bank take personal property in the state of florida?

If your home goes to foreclosure, can the bank place leans on your bank accounts? If I give my house to the bank as foreclosure can the bank put leans on my personal bank accounts and automatically deduct their monies each month? I live in Florida.

Buying a Florida Foreclosure @ online auction, Lien questions? Hey everyone and thanks for your insight, With the market so low I'm currently interested in purchasing a property @ auction online in palm beach county, FL. I have performed a full title search of the property and it has revealed what seems to be 4 Liens. I just want to be 100% sure of what i will be held responsible for post foreclosure and post auction if I win the property. I will list the liens specifically in the order they were recorded to try and get the most accurate advice. 5/16/05 Final Judgement - *********National Bank of florida - $21,162. Lien - Home and loan reality v foreclosed owner - $6,300. 10/6/2009 Lien - ***** Drive Homeowners association inc, $2,815. 8/20/2010 Final Judgment of Morgage Foreclosure, Us national bank - $496,559. I know the superior liens will be paid first by the proceeds of the sale but what happens to the other liens on the property that arn't satisfied by the proceeds here in florida? I also want to make sure I'm bidding on the First morgage. As the new owner will i be held responsible for any of these liens? Thank you so much for your help yahoo community!!

foreclosure avoidance loan modification from my bank in Florida. Need your advice? Hello everyone. Thanks for any advice. I am in Tampa Bay Florida and I have a 30 year mortgage and the payments are about 1300.00 a month. I am 9 months behind on my mortgage payments. I owe about 140K and the house is only worth about 100K. I have had this mortgage for about 5 years. They are suggesting a 2 year balloon with a payment of under $400.00 a month at 1% interest and the balance would be due at the end of the 2 years of a little over 140K. They said that about 3 months before it ends they would look at my situation again to see what they can do. My BIG concern is that in 2 years why would they refianance for 40K over its value? Also, they might sell the loan between now and then and whomever buys it might not want to help. ALSO, maybe as the housing market improves they might not be so willing to help out. A friend of mine said that they are probably offering this becuase I then stay in the house for 2 more years and take care of it and in 2 years if they have to boot me, the house might be worth more for them to sell it. I understand that the bank needs to protect its interest, but it seems like a good deal for them and not so much for me. There is no way I will have that money in 2 years or the difference between what someone would be willing to refi for (if any bank is even willing) I do not know what the best thing to do is. Please help me with some advice. Is this a normal "loan modification" as any of you have heard? Or what do you think I should do. I am without job, but do have a pretty good prospect pretty soon. I will add any other info later if need be. Thanks agian

Housing Foreclosures In florida? Just to know some information about other people foreclosing or people that have foreclosed. I did Chapter 13 Foreclosure about 7 months ago to try and get out of debt, and readjust my mortgage but my house has lost so much value and has no equity that we're getting no where, so we've decided this month to file Chapter 7 and just foreclose our house. We've lived here for 4 yrs, bought our house right before the market crashed, <darn> and now our house is worth $100,000 less then when we bought it, and our neighborhood is going down hill. I'm with Bank of America mortgage, and just curious how long it took before anyone else's foreclosure was finalized? I've read it could take 6months-a year, my attorney said it will most likely take a year because there are so many foreclosures being processed the banks are very behind. Anyone have any feedback to give me on their foreclosure and how long it took for it to be compelete?

In Florida, what is the law re: rental foreclosures? The bank is auctioning my home Nov. 15th. Can the new owners bring the sherriff and/or change the locks right away? I have an expired lease. EverBank holds title now but will not respond to any of my inquiries, I guess because they're selling it regardless. But, a rep there did tell us if the new owners didn't want us to rent, they would have to evict us. I want to stay and CAN afford the rent, that's the whole point, its affordable here. I'm alone. Thanks, Nervous in Tampa

Who pays the transfer stamp taxes on a foreclosure sale in Florida? I am purchasing a REO (foreclosure) in south Florida. The contract does not specify who will pay the transfer stamp taxes. I got a notice from the title company that the selling bank is expecting me to pay the transfer stamp taxes. My question is who would typically pay these taxes in this situation, the buyer or the selling bank? Or is this something that is negotiated on a case-by-case basis?

how does one find out when a bank bought their existing mortgage loan since the bank is not the originator? Deustche bank is seeking foreclosure and they were not the ones who owned the loan. It's against Florida law to buy a loan when it is in default. Help anyone. many loans are not with the originator but that was not my question. I read that it is against the law to purchase a loan after it is in default. I needed to know how I can find out WHEN they bought the loan. Isn't public record?

In florida if I own two properties and let one go into foreclosure can the bank take the other? Separate bank

What would a good book/website be to go to look at the foreclosure process from the lendor side? In Florida.? I just got a job doing some processing at a foreclosure law firm in Florida. We work with the banks, and I need to catch up on the processes and proper format/documents that entail putting a home into foreclosure. Any good books/websites to check out?

How long time does it take from the date the foreclosure is filed until you have to move out in Florida? Need to get some fact here if any body knows for sure. I have a friend in Florida that can't pay for his/her house. How long do you think the bank will take before they file for foreclosure at the Courthouse? And then secondly, after the foreclosure is filed, how many days/months until the date is set to put the property under the "hammer"?

Home in foreclosure bank changed locks? My home has been in foreclosure for about a year now. I moved out about 8 months ago. The foreclosure hasn't gone through yet so I still am the deed holder. The problem is the banks changed the locks and I still have a few personal things inside. I know I should have gotten them out a long time ago but I didn't. I can get inside the house through an unlocked window in the backyard. My question is am I legally entitled to do that? I live in Florida if that matters. Please only answer if you know the law. Thanks.

Quick! What is the story with Bank of America and the foreclosure fraud investigations? I know about ALLY and about the law firms being investigated here in Florida. But I can't find the article related to Bank of America. Any other information about other banks is appreciated.

Can the bank foreclose on your home if a baby resides there? Our house is just getting to the point of foreclosure. I heard something about the bank not being able to legally foreclose on a home is there is a baby living there. Is this true? We live in Florida.

florida real estate law - change of bank ownership? If a complaint was initially filed by one bank (Washington Mutual) and the successor bank (JP Morgan Chase) continues on with the foreclosure proceedings that were originaly filed by a different bank- is that legal? And if Washington Mutual is still in litigation with Chase regarding the initial transfer of property, then how can Chase even have legal title to note and underlying property?

Legal Responsibility after Foreclosure. Is Florida law the same as California? My home is in foreclosure and wonder if my mortgage co. can try taking money out of my bank account?

Can the bank place a lien on my second property because of foreclosure on my first property? I want to foreclose my rental property in Palm Beach Florida but is afraid that the bank might palce a lien on my primary resident in Jacksonville Florida. What type of lien or judgement if any can be placed on my wages or property?

Do I have to pay the Property Tax for last year (2007) in Florida after Chapter 7 Bankruptcy? I filed for Chapter 7 in Oct 07, and got the discharge in Jan 08. In the chapter 7 I chose to just turn the house over to the bank. Now, the bank is going thru foreclosure. Am I obligated to pay the property tax? How do I respond to the foreclosure to avoid paying, since I already moved out and decided to give up the house?

Can this California method be used in Florida regarding mortgages? From Wikipedia: "Foreclosure by power of sale, also known as 'non-judicial foreclosure' is authorized by many states if a 'power of sale' clause was included in the mortgage, or if a 'deed of trust' with such a clause was used, instead of an actual mortgage. In some states like California, nearly all so-called mortgages are actually deeds of trust." My question is: Can a California bank use these tactics or laws when lending to a borrower in Florida? In other words, does Florida law allow a California (or any other state)to use a 'deed of trust' for Florida borrowers?

How is Florida real estate getting better? Florida is one of the states most affected by the mortgage crisis. The most accessible loans available in this market are FHA loans. After qualifying for an FHA loan I initially thought the difficult part of being a first time home buyer was behind me. However, it would seem that the journey has just begun. Most communities do not meet the requirements for FHA approval. The most common reason is the high foreclosure rate. The community of interest must also be current on HOA fees, there must be a certain percentage of home owners to investors and other such conditions must be met for an FHA approval. With all these regulations and restrictions associated with an FHA loan it is not difficult to imagine that even this type of loan may become obsolete. The dilemma now is not whether you will exceed your budget but whether the available homes within your budget will qualify for the loan type. With all fairness I am obligated to mention that conventional loans or cash sales do contribute to recent sales. The requirements for a conventional loan in Florida are not realistic. Where some borrowers may be able to contribute 10% down payment the newly required 25% down payment to say the least is a stretch on nearly anyone's budget not to mention the budget of a typical first time home buyer. Investor are buying at extremely low prices with cash and conventional loans. FHA loans cannot compete with these investors due to all of the restrictions and rules that they must adhere to. The increasing of number purchases by investors in a neighborhood/community further limits opportunities available to FHA first time home buyers. As a result investors and not "home owners" are benefiting from the low market rates. I have concluded from my observations that the so called homes sales increase doesn't fully disclose the underlying problem. The true rate of available homes and foreclosures properties are not represented in the market. Banks are slowly trickling inventory into the market while the excess or "ghost inventory" remains hidden in their vaults in an effort to manipulate market values. I have also noticed another disturbing trend. Yes, single family homes, townhouses and condos are at an all time low. However, where FHA approval is not available home prices are much lower than market values. One would initially think this is in their best interest but these homes are primarily only available to investors due to requirements and restrictions placed on FHA loans. Where homes are FHA approved this results in homes being listed and maintaining the inflated prices. The limited homes available especially ones built in 2005 and 2006 are in high demand. As a result a new type of bidding war is ensues. Potential home owners of low to moderate income cannot compete with investors of whom recent sales can be attribute to. I expect home prices will continue to fall. Do you predict a change in the way the real estate market and lenders addresses these new issues and it's direct connection to lower home prices? Do you think the government will relax some of the FHA regulation to combat these issues? (which in itself has pros and cons associated with the outcome for home buyers). Finally do your foresee a new program/stimulus that will assist first time home buyers in the near future once this $8,000 tax credit expires? I live in Pompano beach area. I thinking of buying in palm beach county. That market is over saturated with town homes and condos.... Over saturation can be a good or bad thing.

My cousin, who lives in Florida told me that it is a homestead state.? She informed me that the banks could not take her house because of the homestead laws. Yet recently I saw statistics of foreclosures in Florida. And they were in the double digit range. Would someone clarify what the advantage of being in a homestead state is since my understanding seams to be erroneous.

Florida Real Estate Lease Laws on Foreclosure? We are renters in Florida and we heard that our condo (leased through a private party) may be foreclosed. We don't have a clause in our lease on this issue. I've heard rumors of renters just being kicked out because of foreclosure and I've had legal advice saying the bank has to let you fullfill your lease by law until the end. Does anyone know the laws on this? We can't break our lease without having the pay the rest of our months rent but I don't want to get taken down with them. Thanks

If you own a home in Florida, can't sell it, and do a deed in lieu of foreclosure. Can that be claimed on tax Do to all of the things going on in Florida, could not sell the home. I gave it back to the bank with a deed in lieu of foreclosure. Can the amount lost on the home, be taken off of next years taxes, or broken down into several years of taxes?

There are a large number of foreclosures in our area, SE Florida. How much will they reduce home values.? Some people paid $325,000 for homes in Coral Spings, FL during 2004-2005. Many homes are now bank owned for sale at $179,000 to 229,000 depending on condition, often poor to fair. Due to risky loan practices during the boom times the number of these distressed sales may increase. If I buy a home now for $200,000 how long will it take to increase in value to say $260,000? Some nice homes in the area are being offered by home owners in the $245,000 to $310,000 but there seems that few buyers are interested. I plan to live in it for 5 years before selling and retiring in a cheaper area.

We are trying to buy a bank owned foreclosed home? We are interested in purchasing a home in Florida. It is a bank owned foreclosure and the asking price is $89,900. We put in an offer for $106,000 with seller paying $6,000 in closing cost so the bank will actually make $10,100 more than they were asking. As most people searching for homes now realize this is a very competitive market. They want the highest bid but we really want this house. It's the perfect size age, and it has a heated in ground pool! Has anyone had this happen to them? What was the ending result? FYI all bids needed to be in by noon today (2 hours ago) and we put ours in at 10:30 this morning. The bank (owner of home) called my realtor at 11:30 and asked if that is the highest bid and we confirmed. So I am guessing that is a good sign if they are asking. Please HELP!!! I am already getting anxious and it's been a couple of hours LOL :)

In a Florida Foreclosure & Deficiency Judgement - can they take your 2nd property, your business, car, etc? My friend owns 2 houses and a small restaurant business (which is incorporated- just in case that makes a difference). She's facing foreclosure on the house she currently lives in after only two years because of her increasing loan rate and the business has slowed down, but she continues to make payments for her other house. After foreclosure of her current home, she plans to move into the other house, which is NOT connected in any way to the house that is being foreclosed. After foreclosure, can the bank get a deficiency judgment and come after her business and her other home? She doesn't make a lot of money, nor does she have an account with a lot of money sitting around. Thanks for any information.

Has anyone had a foreclosure on a property they own in Florida? Can you tell me what happens? Did the bank attach a lien on anything else you owned?

If I am renting a house, can the bank force me out if the landlord is going through the foreclosure process? Will the bank take my rent check? Are they required to give me any notice. I live in central Florida, just in case state laws apply differently.

Florida foreclosure process question? Florida foreclosure process question? Help me out please. It starts with your behind on your mortgage (you are unemployed and can’t pay), 3 mos. later your served a complaint from the bank, you respond and try and work with them and tell them your situation and they don’t budge so you file your response with the court stating this in addition to filing bankruptcy, the bank than sends a Motion for Summary Judgment which includes a request for a final judgement. What comes next? Do the property owners get a chance to speak at a hearing? Landlord: ....for a top contributor you should know what I meant unless you got that title for all of your half a** answers. Yes, speak to what we put in our response. There summary judgment and request for final judgment makes no reference to our response or the bank trying to work with us. I already rec'd a worth answer anyway, that can't schedule a hearing without including us. I don't care. You know it is what it is. I am one of MANY Americans suffering. Ya my credit is screwed, but I can't help what's happened; we can't pay plain and simple. So the relief package that Bush passed really means "squat" to me. I would think the banks would rush to work with people but I guess not. I cut my losses and rent; there's plenty of nice vacant homes on the market to rent half the cost of my mortgage...life goes on

Foreclosure advice in Florida? I currently have my home up for short sales, it been (2) months. My bank now has me in the foreclosure process. I live in Florida and need to know what other options do I have? I tried the loan modification process but that did not work for me. I cannot afford my home any longer. Any input would be helpful.

Short sale vs foreclosure in Florida? What's better? My investment property is in foreclosure stage. I'm planning to short sale it. Will I have to pay taxes on the difference I owe to the bank? How much? What does it depend on whether the IRS sens from 1099 or not? May be I should rather let the house go into the foreclosure? What's better in my case? Thanks

i live in Florida, and my landlord has gone into foreclosure. Do I have to paint? We have lived here for three years, and painted the entire apartment in vibrant colors. Since my landlord is in foreclosure, am I required to repaint the apartment, or does the bank take the property "as is?"

Buying a foreclosure in Florida? We put in an offer which was about 18-19% below asking price. The house is bank owned. We are not expecting them to accept but we figured it wouldn't hurt to try. My question is was this offer totally out there or do we have a chance? Has anyone recently bought a foreclosure in Florida and if so how much belkow asking price did you get it?

just got a notice from landlords bank that they are seeking foreclosure? I am renting with no lease, landlord has first and 1 mth security. been here a year. what should i do, just paid october's rent. papers say he has 20 days to respond. I am in Monroe County Florida

florida foreclosure question? my wife recently left the family and moved out leaving me( dad/husband) with the house and the kids. our home is on foreclosure and has begun forecloser by bank of america. the LOAN was in HER NAME ONLY, while the deed to the house was in BOTH of our names. since she has changed her mailing address she is now gonna be the only one to have knowledge as to when the bank is gonna finally say " ok, foreclosure is complete, you have 30 days to get out" we have lived here so far for 4 1/2 years, and the forclosure began december 24th 2009. we have not recieved any notice or time frime of when we have to leave so far( that i am aware of, she just left yesterday) heres my question: do i have any special legal rights to continue living here with my children ? even after BANK of AMERICA gives the 30 day notice because my name is also on the DEED to the house? this is my official mailing address and i am living here 100% legally. now that the families income has been cut in half with my wife leaving, im going to have a harder time saving money to move out... thanks in advance

how do I find out information about an abandoned house in Pasco County, Florida? We want to buy a house that has been abandoned but can't find out who owns it. We have found the original owner's info online but there is no contact info, or which bank owns it if it has gone into foreclosure. We are wondering if the bank that owns it has gone out of business, what would happen to the house then? Can't find Yahoo Answers in America! the property taxes haven't been paid for the past year and a half

Kids getting Sued Over Dead Mothers Home in Florida? Here are some facts. With out being in Florida we are having trouble getting answers (or understanding the 50 pages that were served). 1. Mother was in Florida and owns a home that was in foreclosure. 2. There is something about a Homestead Property Act in Florida 3. Mom died and the 4 kids are being served all over the states for the balance. 4. The bank is trying to take the kids assets 5. The loan is not the original one, this is from back in 1984 6. Now that mom is dead what do the kids do? Not sure they can all make it to Florida How can they clear the debt with out being sued? Why are they being sued? Thanks for all your help

Should I give back my home to the bank, wait for foreclosure or file bankruptcy? I bought a house in Jan 1, 2007 for $255,000 it pays $1870 monthly and I have been paying ok. The house is now worth $200,000. My mortgage is an 80/20 for 30 years, the 80% will change interest Jan 1, 2009 (up $200 more monthly) the 20% is interest only (bal. $51,000). I can't afford the increase and the bank doesn't want to do nothing with my mortgage until I fall behind on payments. I don't want to wait for that to happen and want to turn in the house voluntarily to the bank. I live in Florida and the bank is Chase, can I do this???

We used to live in our condo in Florida and we were making our monthly mortgage payments on time, but my? husband's employer transferred him to another state, we tried to sell our condo ( now worth $80,000 less than what he owes ), but we couldn't, now we are renting and we stopped making our payments because we can't afford it so now it's going into foreclosure, my question is can the bank take money directly from my husband's wages?

How long will it take to investigate if a house is a legal foreclosure or not? I recently put a bid on a south Florida foreclosed home. My offer was accepted but now the home is under investigation to check whether it is a legal foreclosure. The bank is Fannie May. They are the people telling other banks to check their paperwork. How is it that they need to investigate them selves. My real question here is HOW LONG DO I HAVE TO WAIT? How long will this "investigation" take?

Florida foreclosure auction? I am interested in buying a condo in Florida at auction. A similar unit in the same builing sold on the courthouse steps for 205,000. Yet, this unit had close to 600,000 in mortgages against it. If I had bought this unit, would I have been responsible for ANY of this shortage?? Would the banks just 'write off' the remainder as 'bad debt'??

foreclosure laws of santa rosa county, fl??? we are in foreclosure proceedings with a bank in NY and a realator that specializes in foreclosures based in florida. the bank in NY has hired the realator to secure the property by putting a pad lock on the door denying us access to our property. the bank has assumed that the property has been abondoned. can they legaly break into the house changing the locks without judgment from court and our notification of such. and can they deny us access to our property before the foreclosure date?

How do you write a Florida Foreclosure written response to the court before the 20-day deadline? What would be a good way to respond to the court after being served a Notice of Lis Pendens? The homeowners are talking with the bank to work something out. I found the following letter online: "Now comes Defendant, _____________________, and asks this court for an additional 60 days, in which to file his answer to Plaintiff’s complaint. This extension of time is being requested so that Defendant can have time to obtain the closing documents from the Plaintiff, find an attorney, or attempt to work out a resolution to this case with the lender and stay in his home." The homewoners are hoping they can use this letter. Also, they don't plan on hiring an attorney. We appreciate any other suggestions? Thanks Can I use this letter as an answer, I would follow the steps, like mailing it certified and taking it to the court and all.

How does a condo foreclosure effect someones credit? ? Unfortunately my Grandmother is facing a foreclosure in Florida. She moved out of the condo months ago when she was no longer able to afford it and has had if for sale, she tried to do a deed in lei of foreclosure (give it back to the bank) and they did not accept it. How is this foreclosure going to effect her? What will happen to the rest of her credit cards etc? Thank you, please be kind.. this is already a very difficult situation and one that she could not have helped.

Money owed after foreclosure - Florida? Hello, I live in Florida and I have a question. We have 2 houses, one which we live in, and the other which we can no longer pay for. My question is, if the bank decides to foreclose, will I get something in the mail telling me I have to go to court? If so, when I go to court, can I just agree and give them the house? If that is possible, is there any way I can still owe them any money after wards, or am I completely clear from that? What if I have 2 mortgages, what happens with the second? Thanks!

I sold property in Florida, hold 2nd Mortgage for buyer, 1st mortgage filed foreclosure! My credit is ruined? I sold property in Florida and hold the 2nd mortgage for deadbeat buyers that going into this was not told they had bad credit. Now 1st mortgage holder who is a private party (not a bank) has filed foreclosure against buyer. His attorney and the attorney I used in closing the loan told me that it would go on my credit as foreclosure and I have perfect credit. How could this be? I am not the buyer, I am the seller and I never agreed to pay the 1st mortgage The attorney told us before closing they had good credit. That is something we harped about the entire time is to have the credit report and their name and ss #. We never received any of it and was assured their credit was good. I did not want to sell to a dead beat. Now when we filed our taxes we were told we need their ss # and we were suppose to have those too and the lawyer refused us the credit report and their ss #'s. Small town and every lawyer you talk to there is good friends with all the rest. I am going outside the area to hunt a real attorney

What happens if my house forecloses? I live in Florida and my house is in foreclosure process. If the bank takes back my house and they sell it in an auction for less, am I responsible for the balance of the loan?

Who would I contact to lease a foreclosure home in Palm Beach Gardens? Trying to find a bank or site to lease a foreclosure home. Leased one in P.G.A.National before but it went into foreclosure while I was leasing it. Palm Beach Gardens,Florida. Can fix up leave on the market for bank with a 60 day move out clause.

Going through a foreclosure now, at what point should I stop paying HOA fee's ? I live in Florida.? I live in South Florida. I stopped paying my mortgage about 3 months ago. I have heard that because of the HUGE amount of foreclosures and budget cuts that are affecting the courts here in South Florida, that the wait time for a foreclosure in the court is appx 9 months. I don't want the HOA to send me to collections after all is said and done for unpaid HOA fee's. My question is when does the bank actually take ownership ?? And is that the point I should stop paying the HOA fees ? How do I know when this happens. Thanks for all the help ! I appreciate it.

Foreclosure Process in Florida, I need help!!!? I live in Lake county Florida in the city of Leesburg. I believe my home is in pre-foreclosure. I need to know how long I have to get out or what the process is. I have already talked to the bank and I am not able to pay for it any longer my mortage went up $300 more a month. Does any one know the process? If it helps my mortage is thru US Bank. I am sorry Ii forgot to mention, my home has been on the market for the past yr I have it for sale now a SHORT SALE as a matter of fact and it is 9K less than I owe, I had a family look at it on Feburary 27th but I haven't heard anything yet. The house belongs to my boyfriends father and he doesn't care fot it any longer he plans to move back to Mexico here in the next month. I live in the home with 2 kids and due for my 3rd in 1 month so I can not afford the mortage.

Foreclosure in Florida? I am planning on putting my house on the market soon. However, I don't think that I will sell my home for what I owe. I have a mortgage and a equity line of credit. If my home does not sell, I surely don't want to keep paying a mortgage on a house I'm not living in. We recently moved into my mother's house when she moved in with her new husban. I will not rent my house because the deed restrictions are very strict and it could cost me more if i had a renter that didn't do what the deed restrition committee wants. If it doesnt sale, than I'm thinkg about just letting it go through foreclosure. My mortgage is with my bank and get drafted out each month. where would I start? would I close the bank account? or tell the bank that i don't want my mortgage drafted out each month.

obama forget the people that is suffering foreclosures ? he give the bail out to the banks, but nothing good for the benefit of the poeple is happening , also the home prices are going down the drain. my home i paid 155k , now is 78 here in florida..

Florida Tax Lien certificate not paid after 2 year redemption period? I purchased a Florida tax lien certificate in 2005...The redemption period ended after 2 years & it hasn't been redeemed.I found out I have up to 7 years to foreclose but need to go to County Clerk pay $200 & file for foreclosure...and then it goes into a Tax deed sale. Before I do that... my question is, what is the chance of getting the property? Property has 2 mortgages...Do the banks come & outbid & win property at auction? Is there a secondary market whereby I can sell this tax lien certificate wihtout going to tax deed auction.If I was to foreclose & win at Tax deed auction will I be responsible for other debts from previous owner? What is best course of action? Thx

What happens after a hoa files foreclosure on the courthouse steps? Our condo has 12 units one in foreclosure and 2 have liens, and 4 others in collections. Hope we stay afloat the original owner signed off and gave deed to house flipper but we have had to sue both , the second owner owns the condo outright. after foreclosure what happens????? will we get our money????they owe after fees and attorney fees and late charges over 10,000. and what if it was owned by mortgage company and hoa had lien and foreclosed before bank .I live in florida . any and all answers would help thanks

in the state of florida,when is it legal for a bank to began foreclosure procedures? if behind 1-2 mo in pymnt

Is it safe to buy a house or get a loan these days? I live in Massachusetts. I'm tired of renting and want to buy a house. I don't know anything about real estate or bank loans so this is a very general question. I want to live either in Massachusetts or Florida. Is it safe to get a loan for a house these days? I hear all this negative stuff on the news about foreclosures and loans and economy. Any advice?

What are the chances of the bank coming after me for foreclosure? hi, i have a complicated situation, my realtor knowingly sold me a house that had been build without proper permits and substandard material(it failed all city inspections during construction), i tried to sue the previous owner(because he built it), and the realtor but it didnt go anywhere and i refuse to pay for this house, i am going into foreclosure soon, i havent payed the morgage since may, and i understand after it is auctioned, the bank can come after me for the amount lost in the auction, what are the chances of them actually suing me and trying to get this money, i dont have any money left, ive lost 30,000 dollars investing into this home, i have been thinking about leaving the state if that would help? i live in florida btw. just in case someone asks for proof that my realtor sold me the house knowingly he didnt give me a disclosure form he lied all over my contract, i was initially denied a morgage but the realtor wrote false information that i was a manger at a restaraunt to make my income look bigger when i never was a manager of a restaraunt parts of my contract are missing

How to discourage burglars from breaking into foreclosed homes? Right now, Florida is doing terrible in the foreclosure market. Seeing as my occupation is for a Corporate Insurance Company, I am looking for ways to discourage burglars and thieves from breaking into vacant homes which have been foreclosed by the bank or are under claims investigation. Some ideas: Installing "fake" camera domes. Thank you for your answers thus far. However, a few stipulations: It is law that the foreclosure and winterization signs stay on the windows. The properties are actually maintained by a maintenance management company. Dogs and renting of the properties are prohibited. These are homes owned by the bank, awaiting claim(s) repair for resale. No electricity and/or water are working in the household nor will they be. Under these circumstances, the question becomes a lot tougher.

Can a default judgment against one defendant be used to get judgment against the second defendant? I live in Florida and I am involved in a civil action (foreclosure). I answered the complaint within the allocated time and so did my HOA. But the other defendant in my case: an insurance company that has a small lien on my property did not answer. Today I find out that the plaintiff' attorney (bank) filed for a default motion and a motion for summary judgment against me. Is this legal and can it be fought, given that I have showed good faith in attempting to litigate this complaint?

Home Owners Fees in Florida? I am interested in buying properties at foreclosure auctions in the county of Duval (Jacksonville, Fl.). If applicable, under Florida law am I as the new owner of a property foreclosed via the court on behalf of the superior lien holder (the bank) responsible for paying "backpay" to the home owner's associations? Most of the paperwork for the notice to the sales state that once the certificate of title has been issued that all defendants (including the home owner's associations) will be foreclosed of claims. Can the Home Owner's association put in an entirely new lien on the property for overdue fees from a previous owner up until the day that I took possession?

With all of these foreclosures? Are many of these from consumers just being careless.? I would like to hear some examples! I bought a town-home in 2004 for 175k and put down 15k down. Now I its worth 120k thanks to two home right next to me that are vacant due to foreclosure. The one neighbor bought his unit in 1999 when there were 2 year old he bought it for 80k. Well in 2006 he refinanced it for 180k where he got almost 100k in cash. So what did they do, go on lavish trips, go to races all over the place, bought a 30k fishing boat and a new mustang GT. He works as a auto mechanic his wife got laid off from her work, but the funny thing is she just sits around and smokes on her patio. 6 months ago he told me he is not paying his house payment anymore. Cant afford it anymore. So what did they do instead of paying there payment, buy cartons of cigs, cases of beer, went to Florida to deep see fish in June, went to Las vegas in July. We they are now renting a town home somewhere, they had to be out 2 weeks ago. Another she researched a program where the bank gave them 3k to leave! "cash for keys" Now his unit is up for sale for 120k. I have another neighbor that cashed out and went belly up. his unit is 110k. On the flipside I do know folks that have lived frugally and lost there jobs/medical issues. Then foreclosed because they cannot afford there payments. I would like to hear some commits on this?

Is it Illegal to Collect rent on a property that is in foreclosure? I am a landlord for a trailer park. The property is in foreclosure. The property is owned by a development company. There is attorney calling me and telling me I cannot collect rent b/c of the foreclosure or they will take me to jail. Yet my boss tells me to keep collecting... What should I do? Is the attorney trying to bully me into giving the bank money behind my bosses back? Or am I really in danger of going to jail? Fyi this is in the state of Florida

is setting up an llc important to protect assets from a judgement? I have a foreclosure coming up soon in new jersey and i was wondering if setting up an limited liability company would be a smart move to protect cash monies. i live in florida so they cant touch my house here and as head of household they cant garnish my wages. i would like to put all my money into a bank account under my LLC.does anybody have knowledge of this kind of asset protection.

Buying a foreclosed home at auction? I live in Orlando, Florida and the housing market is bad. Foreclosures auctions 3 times a week at court house. I know to buy must already have a certified check from a bank But, if I find one I want do I need a appraisal or anything else required ny bank? Some houses are selling at 50% of asking price before auction so should have no need for appraisal right? What all do I need to do before buying a house? It would be my first home and primary residence

Can a tenant withhold rent for property that the bank has sent intent to foreclose but has now ceased? We own a house in Florida that we have fallen behind on payments. We have a forbearance agreement with the bank and they have informed us that the foreclosure procedures have been stopped. The tenant was aware of the intent to foreclosure because documents were sent to her. She just moved in March 15th and already has withheld rent because of the papers that she received. What she is not aware of is that the procedures have been stopped because of this forbearance agreement. Does she have the right to withhold the rent? And if so, what right do we have if we want to remove her from the premises for intentional non-payment?

Should Obama be worried that foreclosures during April are UP 32% from last year? Seems like this whole house of cards is coming down soon enough. http://finance.yahoo.com/news/RealtyTrac-April-foreclosures-apf-15225719.html The number of U.S. households faced with losing their homes to foreclosure jumped 32 percent in April compared with the same month last year, with Nevada, Florida and California showing the highest rates, according to data released Wednesday. Ohio was in the top 10............"We've never seen two consecutive months like this," said Rick Sharga, RealtyTrac's senior vice president for marketing. "It's the volume that's surprising." While total foreclosure activity was up, the number of repossessions by banks was down on a monthly and annual basis to their lowest level since March of last year, RealtyTrac said. But that's far from positive news. Because much of the foreclosure activity in April was in the default and auction stages -- the first parts of the foreclosure process -- it's likely that repossessions will increase in coming months, RealtyTrac said. alarmist...........I didn't forget. alarmist........also, are you implying these numbers are somehow positive??

Foreclosures and 1099s? here's our situation: I have a home in NC, my wife has a home in fl. We got married this past year. We decided to sell the house in florida and move to the house in NC. the problem is: we owe 217,000 on the house in florida and the fmv is about 175,000. The value of the house dropped about 40,000 in less than a year! We have two mortgages on that home, the first loan is for 175,000 and then a 2nd loan for the remaining cost of the house, about 40,000. What are our options? Can the bank sell the house at any price they want and than we're stuck with paying taxes on the difference, and than also have to payoff the 2nd mortgage of 40,000?

In Florida who do you contact if yo want to request a new law or bill passed protecting renters ? With every thing that is going on with the housing market renters are being forced out on the street with no rights.Its not fair to the renters that pay there rent every month and work hard to give there families a safe place to live.A rental lease in florida is landlord friendly not tenant friendly.After the foreclosure process begins a renter must continue to pay rent up until the day the bank says get out and if there is still time left in your lease you have to take the owner to court to receive any damages"good luck" you have a snowballs chance in hell of getting a dime. and if the tenant leaves Early he or she breaks the lease and is liable for the remainder of the lease agreement and it will show up on your credit as a broken lease and money owed good rental history basically down the drain and for what? trying to secure a safe place for you and your kids to live!!!!

why does it take so long to get an answer to buy a short sale property? a pre-foreclosure property in osceola county in Florida, seller approved my offer but 4 weeks after seller approved my offer the bank wants to do an appraisel, why do they take so long to give me an anwer?

What are the odds that a bank will file a deficiency judgement if I choose to foreclose a bad investment home. My wife and I bought a second home in 2005 - preconstruction for $325,000. Homestead Florida USA. Today in 2008, this home is only worth $175,000. We owe the bank $260,000 (negative ARM) but we originally had 75K equity at the date of Closing. But now that the RE market collapsed, we owe much more to the bank possibly over 100 K loss at the day of foreclosure. Recently a RE attorney told us that if we have done nothing wrong and the house. then it is highly unlikely that the bank will be awarded a deficiency judgement. So hopefully our other hard earned house and assets will be safe. We were told that probably our worst case will be 3 years of bad credit but our other assets will be left alone. The market failure is not something that we planned for so we should be ok. Can we trust this advise? Wait. Why did the bank team up with the Builder and give me a loan for a home that was way over priced, and they did not even require an appraisal? The bank is the fool here! I cannot afford to keep pumping money into a house that has negative $1000 a month cast flow. Negative Cash Flow. I have a family to feed.. Hello!!!

time line ?motion for summary final judgement for foreclosure, pinellas county florida? hello I am upside down in my home can't afford the mortgage, i just got the papers saying the bank is doing the motion for summary for final judgement of foreclosure. what is the general time line that i have to relocate. i am looking for a place to move now. what happens next? I just called the courts and I found out who my judge is, they said they are scheduling starting july 15th. i am not sure where i will be in that stack of papers. i could end up on july 28th, august 10th.. who knows but then after the judge sets the final judgement that i will have 30 days to leave is this correct?

Real Estate Appraiser - Verify Repairs? This is not a new construction nor a FHA-insured loan. I am trying to purchase a foreclosure in Florida and my bank required repairs made that were noted on a home inspection report. I had 5 licensed contractors come in and do the required repairs (electrical, AC, windows and doors, etc.) ... all minor, maintenance, per the contractors (none noted that any impaired the safety, sanitation or structural soundness of the dwelling). I even had an architect look for structural integrity issues for my own peace of mind (architect opinion allowed under Florida Law). I had each licensed contractor sign the home inspection report next to each repair that applied to them and I have their itemized bills / invoices which state repairs made per inspection report or inspector. Last week the appraiser came out to the property without anyone's knowledge; and therefore, did not go over the inspection report. He said he would only look at what he noted on his original appraisal (items which were not required to be repaired by the bank). The bank order the appraiser again to came back to the house and again specifically order the re-inspection according to the home inspection report. Now another week has gone by. Time is of the essence and I am paying 100.00 per day to the seller for this delay up until the day of closing because I have asked for 3 extensions, so far it has cost me 700.00 for this delay and will cost me another 1,400.00. I also had to sign an extension including that my 2,000 earnest money is now be non-refundable. If do not close in 1 week, I will lose the house and the money I have paid for the repairs (all contractors came in less than 24-hours notice and finished in 4 days). How is the appraiser to verify that the repairs have been done? He will do a walk-through I assume. Some things are visual, but others are not. Can he use my copy of the home inspection report signed off by the contractors and their itemized invoices? Crazy, I know. But the banks are making it extremely had to purchase a REO / Foreclosure. I know you are saying, just get another house. I really want this house, I am getting it for a great price and it is a great investment. I looked at 22 other houses and this one is in great condition for a foreclosure. I agreed to do the repairs because I would have done them anyway. Besides I was 6 weeks into the deal when the bank made the demand for the repairs. This appraiser took 3 weeks to come out and do the first initial appraisal. Thanks for your time in answering my question!! Thanks kemperk. I do have a buyer's broker and he is working hard to fight these people, especially the appraiser. And I do now have an attorney to file suit if I do not close. This is in part "the principal" ... big banks beating up the hard working little girl or guy. I am not the only one this is happening to.

How can I find out what assets are exempt from collections/judgments under Florida law? Hello, I have been googling and hunting all over the internet and am coming up empty handed. If anyone knows a web site where I can find out what assets are exempt from collections under Florida law, I'd appreciate knowing where to find that info. Please note this is not a bankruptcy question. I had a Ch. 7 bankruptcy six years ago and I can't do another one for at least two more years. In the meantime I have a lot of house-related credit card debt that I can't handle. I am already in pre-foreclosure and I am thinking of just letting the credit cards go. I do not want to file a Chapter 13 and have to be accountable to a trustee for every penny that goes in and out of my life for the next five years either.... I realize that if I let the credit cards go, I will probably get sued and have one or more judgments against me. I have five credit cards, total of $17k in debt, and one of the balances alone is $6k. I did find out that according to Florida law, because I am the head of household, I am exempt from getting my wages garnished. The only assets I'm worried about protecting are my eight year old Honda, and my bank account. I don't have any money in the bank account other than paychecks that go in and out. As I mentioned, I've been searching on the internet and can't find anything. I really need to know if I get sued by a credit card company, and if a judgment is made against me, if they would be able to seize my car and/or my bank account. Thanks for any info anyone can provide, and in the meantime I am going to keep googling and hunting.

What happens in Foreclosure Court? I made an offer on a shortsale home through a realestate agent in Florida and found out that the price must satisfy the seller's morgage company. Sortly after I found out that there was another morgage company involved. It has been 45 days and we have heard nothing from the bank. We are rounding on our second extension and the home going to foreclosure court is right around the corner. Our real estate agent wants us to extend the contract past the court date but I am not sure as I don't know what to expect after the home goes to foreclosure court. The bank obviously is dragging their feet with this matter and any advice that anyone can provide will be greatly appreciated!

Should I Pay Rent IF I Rent A Property That Had Been Foreclosed? My landlord just received the documents that announced the house is getting into foreclosure. Should I continue paying the rent to him even when he is not paying to the bank or I should save the money to move? We have the house in Orlando Florida. Thank you

Aim considering Foreclosure in Fl can my other asses ts be at risk, other home, bank acc. ect ect. ? At this time this Florida is our second home. We do also own in upstate NY. This property is worth less than what our mortage balance is. The HOA also keeps rising because so many others have just walked away. We are concerened that walking away may justifiy the lender to come after are other assests. Does anyone have a similar outcome to this.? Also has anyone come across there HOA being taken over by the State of Florida because of those unable support the payments. What are the pro's or Con's to that?

husband not on note will foreclosure affect his credit? We will in Florida. We bought a townhouse and only my name is on the note. The townhouse is now in foreclosure and we are both receiving foreclosure paperwork in the mail. Will the foreclosure affect his credit? And can the bank come after him if his name is NOT on the note? I should also say he is on the other mortgage paperwork just not on the note. Also the first sentence should read we LIVE in Fl. not will :) Thanks

Can a VA home loan be used to buy a home in foreclosure? I'm in the military and interested in purchasing my first home. However most of the homes in my area are in foreclosure; the ones that are in my price range at least. I called at one in particular but the realtor said that the bank doesn't like going with VA b/c the foreclosure wants all the costs to be covered by the buyer. Other than talking to a realtor (which is what I'm going to do on Monday anyways) can a VA home loan still be used to buy a home in foreclosure? Couldn't the closing costs just be included in the the cost of the home itself? Oh and I'm residing in the state of Florida.

Job Change Forcing Move, should we try to sell home with incentives, deed home back to bank, or foreclose? My husband and I move to Ft Myers, Florida 2 years ago (the height of the realestate boom) as he had a government contract here. The contract will be completed in August 2008 and he is scheduled to start working with another group in another city. I'm afraid that we won't be able to sell our home due to all the short sales, foreclosures, and bankruptcies. We have no equity in our home as we moved at the height of the the realestate boom - and home of our current size are selling for $100,000 less than what we paid. My questions are as follows: Should we list the home and give incentives (like offer $20,000 in cash at signing)? or Should we try to deed the home back to the lender? (Is this actually possible?) or Should we foreclose on the home? My husbands new employers have offered numerious times to co-sign on any loans we may need - if our credit is adversely affected (and it most definetly will be affected) by this foreclosure. Thank you for your thoughts.

Do you think that the US financial situation is worse than the media is telling us? Could we be heading into another depression? Florida, Maryland, Utah Banks Shut as Financial Crisis Deepens By Ari Levy http://www.bloomberg.com/apps/news?pid=20601087&sid=aIfyJ5j8OHTM&refer=worldwide Jan. 31 (Bloomberg) -- Banks in Florida, Maryland and Utah were closed yesterday as regulators wrapped up the busiest month for failures since the housing slump began in 2006. Ocala National Bank in Florida and Suburban Federal Savings Bank of Crofton, Maryland, were shut by federal regulators, according to statements sent by the Federal Deposit Insurance Corp. MagnetBank of Salt Lake City was seized by the Utah Department of Financial Institutions. The banks had total assets of $876.4 million and deposits of $790 million. Six banks have failed this month as tumbling home prices and a 16-year high in unemployment boost foreclosures. The FDIC classified 171 banks as “problem” in the third quarter, a 46 percent jump from the previous period amid the worst housing crisis since the Great Depression. Regulators closed 25 U.S. banks last year, the most since 1993, draining money from the FDIC deposit insurance fund, which had $34.6 billion as of Sept. 30. Ocala and Suburban Federal combined will cost the FDIC fund about $225.6 million, the regulator said. No estimate was provided for MagnetBank. Stock Markets Record Worst January Ever! http://www.marketoracle.co.uk/Article8603.html The good news is: Non existent. The S&P 500 (SPX) finished its worst January ever, down 8.57%. During the 1st year of the Presidential Cycle, since 1928, the SPX has been up 62% of the time, in January during the 1st year of the Presidential Cycle, with an average gain of 1.7%. Out of the 8 times the SPX has been down in January during the 1st year of the Presidential Cycle all but one turned out to be the beginning of a down year.

Foreclosure while Listed for Short Sale? My house in West Palm Beach Florida is currently listed for short-sale. I recently discovered that the bank filed Lis Pending. Can they foreclose my house while it is up for short sale?

Renters and Foreclosure: What are my legal rights? I just moved into a house in Florida and that same day some suspicious papers came addressed to the landlord from some attorneys. I called the real estate agent who rented me the house to express my concerns and she suggested I look in the public records for Palm Beach County and look for a Lis Pendens. Sure enough, there was a Lis Pendens filed on May 28 2008 for the house. I just paid my first month's rent and signed the lease. The real estate agency claims no knowledge of the foreclosure. Their only comment was that if the foreclosure goes through, I no longer have to pay the rent and can just wait until the foreclosing bank asks me to vacate. What are my legal rights in this situation? Any help would be greatly appreciated. Thanks in advance! Jami

IAM RENTING AND THE HOUSE IS GOING ON FORECLOSURE.WHAT TYPE OF RIGHTS DO I HAVE AS A TENANT? ABOUT 3 MONTHS AGO I RENTED A HOUSE IN FLORIDA,JUST FOUND OUT THAT THE HOUSE IS GOING ON FORECLOSURE.THEY(BANK) HAVE A LAWSUIT AGANIST THE OWNERS.WHAT SHOULD I DO? THERES PEOPLE THAT TELLS ME "DONT PAY HER PUT THE MONEY ON A "ESCROW ACCOUNT"CAN I DO THAT?I HAVE A SPECIAL KID AND I CANT AFFORD MOVE AGAIN RIGHT NOW PLUS I DONT KNOW IF SHES GONNA GIVE ME MY DEPOSIT.ALSO I HEARD ABOUT "CASH FOR KEYS".THAT SOMETHING YOU ASK THE BANK THAT TAKES POSSESION OF THE HOUSE TO MAKE A DEAL WITH YOU AND HELP YOU OUT TO MOVE GIVING YOU SOME MONEY.HOW CAN I CONTACT THE BANK IF I DONT HAVE THE PHONE NUMBER ONLY THE NAME OF THE BANK.HOW I SEARCH FOR IT?WHEN I RECEIVE THOSE PAPERS AT MY HOUSE THAT MEANS SHES DEFINETELY GOING ON FORECLOSURE OR THE PROCESS IS JUST STARTING?PLEASE HELP!

I own 11 houses.I am thinking about allowing 3 to go foreclosure.How will this affect me and the 8 housesleft? Basiclally I own eight houses that are producing. I have 3 that the renters have torn apart and/or impossible to evict. What happens if I stop making the mortgage payments on the 3 nightmare houses. In one case the same bank has 5 loans for 5 properties. I plan to stop paying on 2 of them. What recourse does that particular bank have on the other 3 loan/houses? If and when I do foreclose can they come after my good houses,cars,savings,401ks etc...?? I live in Ohio. I also own a condo in Florida. I am keeping these ones. I have 9 in Illinois, I want to give up three of them. I owe more on the 3 bad ones then I could sell them for. Help!! I feel horrible doing this. However, if I do not do something I will be in much worse shape.

Forecloser-Chapter 7????? Martin mortgaged his farmlands with the State Bank of Florida for promissory notes amounting to $470,000. He defaulted on the payments, and the bank sought to foreclose the mortgage. The state court granted foreclosure. Just before the farmlands were about to be sold, Martin filed a bankruptcy petition under Chapter 7 of the Bankruptcy Code. Martin has a regular income of $60,000 from a full time job as a MRI technician. Is Chapter 7 the appropriate provision for Martin's case? What should the bankruptcy court do? Provide support for the court's ruling to proceed or dismiss the Chapter 7 filing.

Chapter 7 Of The Bankruptcy Code? I am a little confused about chapter 7. Any help or input would be appreciated. Thanks! Martin mortgaged his farmlands with the State Bank of Florida for promissory notes amounting to $470,000. He defaulted on the payments, and the bank sought to foreclose the mortgage. The state court granted foreclosure. Just before the farmlands were about to be sold, Martin filed a bankruptcy petition under Chapter 7 of the Bankruptcy Code. Martin has a regular income of $60,000 from a full time job as a MRI technician. Is Chapter 7 the appropriate provision for Martin's case? What should the bankruptcy court do? What support could I show for the court's ruling to proceed or dismiss the Chapter 7 filing?

I have a home in St. Clair Shores, MI that is about to foreclose.? I have been trying to move to Florida for at least 15 years. I finally got my chance. My fiance was transferred to Florida in 2006. I stayed behind for 6 months to get our affairs in order. I listed the house with a realtor and moved to sunny Florida. I've always made an above average living until now but I can't find a stable job here. I dumped all my money into the home in MI and now nobody is interested in the house. I am absolutely heart broken. I am looking for someone to buy in a short sale, I enlisted the assistance of an attorney, I talk to the bank...I can't seem to find a way out of this. Now it's in foreclosure. I don't know what to do! Any advice would be greatly appreciated.

Forecloser Question-Help????? Martin mortgaged his farmlands with the State Bank of Florida for promissory notes amounting to $470,000. He defaulted on the payments, and the bank sought to foreclose the mortgage. The state court granted foreclosure. Just before the farmlands were about to be sold, Martin filed a bankruptcy petition under Chapter 7 of the Bankruptcy Code. Martin has a regular income of $60,000 from a full time job as a MRI technician. Is Chapter 7 the appropriate provision for Martin's case? What should the bankruptcy court do? Provide support for the court's ruling to proceed or dismiss the Chapter 7 filing

Does foreclosure mean they can take other properties from you?? My mother-in-law owns 2 houses in southern Florida…the main one she lives in and the investment one she bought several towns over 2 years ago. The second one that she owns and had been renting out is now empty and she can no longer afford the payments. She has been to see her mortgage bank and they told her that it is only after she is 60 days late on payments they have to “do something about the situation.” We have been talking and talking for days now and she has decided that the only viable road left open to her is a Foreclosure. She has asked me for information about it and I do not know about Foreclosures. Does anyone know if her main house – the one she lives in and maintains a Homestead exemption on – can be taken from her if she Forecloses on the second one? Does anyone have any real information about this? Please do NOT respond with advice, about loans, business opportunities, money-making schemes, etc. I really just need Foreclosure information. Thanks very much.

I am thinking of short selling a home that I paid 300k for it is now only worth 150k. I need to find a lawyer? I live in Miami Florida area. Also note that this is an investment home - speculation that went bad. The builders and the bank were the ones that really ripped me off in the first place. But I do not want that bank to be able to put a lean on my other main home which does have some positive equity. I want a Lawyer who can tell me what types of accounts or assets that I should protect of pay off prior to doing this Short sale of my other house. Also what is the best case senario on how bad my credit will get ruined. I currently have a 750 score. But this is 150k loss. There is no way that this house will go back up in value that fast. Credit is important but I cannot afford to loose $150 K and I cannot afford to keep making payment to this house anymore. I already work 2 jobs and I cannot make enough money so it is either a Short Sale, Loan Modification or a Walk away foreclosure that I am having to pick from.

Foreclosure proceedings, how long does it take? We haven't been able to pay June mortgage payment. We will at the end of the month catch up. Like always, but we always get a letter from our Bank stating they may have to file foreclosure proceeding. We live in Florida, and I didn't think that if you were late for one month they would start threating this. Any one have any ideas That is funny that you. The reason we are having so much trouble is our now 1 yr old was just diagnosed w/ Noonan Syndrome along with a heart disease. It's sad, we are doing everything we can, my husband is a firefighter and is out there saving everyone elses live, but we can barely pay for our daughters monthly prescriptions. Plus we have awesome Health insurance. UM does anyone else see anything wrong with this???

Short Sale? Hello all, I’m currently am going on foreclosure. Due to a recent job loss I put my house on the market to try to avoid foreclosure. I tried refinancing no luck there due to my recent late payments and income loss and I live in Florida where the market has slumped. Someone offered me to do a short sale on my property, I contact my bank and the told me to write a letter and send to them, since me and the potential buyer don’t want to involve realtor in the deal because it will be more expensive we are going to do everything by our self I would like to know if anyone can help me or let me know where I can find a template short sale letter, so that way I will have an idea what to write and send it to my lender. What is your advice? Any suggestions you can provide me? Thanks in advance!

Rental property going into foreclosure? We moved into a house this past September..the owner closed in October and we just got a notice that it is going into foreclosure by the clerk of courts....although we have paid our rent on time and given her almost 7k she has not made a single payment, advice please: 1. what are our possible options 2. how long from beginning to end (basically how much longer do we have to stay here) 3. what is the possibility we are going to get our $1200 deposit back 4. what are our legal rights? 5. Is it possible that this is bank fraud? the owner is from the Bronx and we are in Florida, I just find it hard to believe that she has paid Nothing in 4 months out of the money we have given them..I am wondering if they did an 80-20 loans with false documentation...it is possible, I have seen it happen before in another different situation to a friend - identity theft We planned on living here for two years while we found a piece of land and built a house, not really wanting to move again Sorry I meant her first payment was due Oct 1st We signed a year lease, so it is until 9-15-07

Relocated, renting our house will not make enough $ to pay the mortgage, plus a new place overseas....? As many others we bought a house 3 years ago in Florida and now we owe the bank $420.000 for a house that is just $350.000 today. We are foreign nationals and we have been relocated overseas so we have to leave and possibly never come back to the US. If we rent it we still cannot cover the mortgage. Is it common that the bank denies short sales if you do not live in your house? I don't really care about credit history because we wont be living here anyway, what happens if we just stop paying and go to foreclosure, can the bank come after our savings ? PA: the credit history will not be affected overseas (Asia), and there's no need for calling names. Thanks for your answer. VB: Do you think they will accept a short sale?

Can I sue the banks that gave out loans in my name without my permission or sighature? Someone stole my Identity and took out two loans in my name for 2 condos in Florida totaling $335,000.00. Now Citimortagage and IndyMac is coming after me for the money and they file foreclosures on my credit report. I submit and identity theft packet to both banks with Police report and samples of my signature. Now can I go after the banks in a law suite? If yes what grounds? and what kind of lawyer should i retain? The identity theft case is still under investigation. I had a fraud alert on my credit for 3 years before this and I think that the bank is negligent because they should have a rep at the closing to verify signature on the loan documents, and the damages that i suffer is a poor credit rating. This will be on my credit for a long time until they clear it up.

I just put a contract on a short sale house, the house cost $265k back in 2006, the selling price on the MLS.. is $105,900, I offered $110k to include closing costs. The seller's bank is Banco Popular of North America. Has someone know how the do with short sale buyers offers and if they are an easy going bank? Where I live in Florida all the houses are upside down in value, so a lot of short sales and foreclosures. I'm hoping this bank accpets my offer.

Foreclosure? A friend of mine got late with her mortgage payments and made a payment agreement with the bank and then her check bounced and the agreement was broke, she made a new one but they told her that there is no grace period if she breaks it, how long a foreclosure would take? She lives in Florida. Thanks in advance.

Now that gas is over $3 and the mortgages are out of control what are you not spending money on? Since gas went over $3 a gallon and our lousy mortgage went up,we're cutting back on spending. To me this means the gas companies are still get rich (Bush,you're welcome) and the banks are still getting rich (foreclosures still make them $$ on tax write-offs) So we are no longer going to Florida for a vacation,eat at home all the time,have stopped going to the movies,and over-all are just spending less. I know it hurts these industries and the people that work in them,but it has to be done. Where are you spending less? And is this spending trend hurting your job?

short sale / foreclosure? I am in the Coast Guard and I live in Florida and I am getting transfered to RI. I bought a home in 2005 for 165k and now it is only worth around 130k. I was told by a realtor that I could get around 800$ for rent but my mortage is 1900$ and I am unable to cover that 1100$ when I transfer. I have called and wrote numerous hardship letters to my bank and they want nothing to do with me. It seems the only way the bank will help you is if you are late on payments or just dont make them at all. I guess my question is what are my options?

i am looking for foreclosure condos and or townhomes in smithville newjerseyforfree informationfrom banks/morg? need help to get info from banks /or morg people not realtors i want to relocate from florida for the cheapest property

Has anyone here ever end up foreclosing their house? If so, can you answer these questions please.? How badly has this affected your credit. How has this affected your ability to rent or purchase another home. What was the process of foreclosure, meaning did the bank come after you for any money? What are the worse consequences of foreclosing? Is it really as bad as it sounds. My husband and I are thinking of just letting go of our home in Florida because we want to move back up north but the market is so bad and no one is buying. Our home is just too small for my husband, me, our baby (second one on the way) and disabled sister. We miss it up north and badly want to just let the home go and move. I will be picking a "best answer" for the most helpful and detailed answer. Thanks!

Renting and forclosure? I recently rented a house in Florida. It appears it may be in forclosure. How can I find out for sure and how can I find out what stage the foreclosure is in? If the house is being foreclosed on, do I continue to pay the people that rented me the house. Will the bank allow me to rent/lease the property from them, should I contact them?

tenant Landlord question? okay here is thedetails in a summary. I live in florida by the way. yesterday I got papers from a legal processor and found out that the house I rent is in foreclosure. my landlord hasnt made a payment in over 5 months. he just got served yesterday with the suit form the mortgage company for the foreclosure. what do I do what is my legal obligations wiht rent payments and such. should I withhold rent and wait it out or pay rent and keep going till asked to leave. keep in mind I dont make a ton of money and will need some time to come up with the couple grand it wil cost tog et a new place. if I banked the rent for a few months it would definetly help me get moving to a new place. any advice would be great

Why Is It So Easy For Banks To Go To Court & Foreclose On Property Loans In The USA? A friend of mine is on the verge of losing his home for the sake of some $25,000 USD debt ( about five payments on his mortgage, he had a bad trading year last year, didnt everyone?) BankOne in Florida went to court and got a judge to award foreclosure in days, how come USA families can so easily lose their homes ? in the United Kingdom, this "house repossession" is an absolute "last resort", the U.K the courts do not allow families to lose homes so easily. I am disgusted at the situation there in the USA. The laws need to be changed, may pal and his wife/kids are worried sick and we are trying to help him! does anyone know a good lawyer whom specialises in Foreclosure ? Wait a minute! The answers here show lack of understanding of the situation, the man owes 5 payments, thats $5 grand a month, if he was so irresponsible and could not afford the mortgage, he would not have that house in the first place! after 5 missed payments his house is in foreclosure. The U.K Government does not allow the courts to do this so soon! So my question is when are last resort "repossession" measures activated in the USA ? after two or three months ? Thanks Real estate Guy, I am asking because I want to know the reasons, I am comparing the situation to what would happen in the U.K. The man is no "dead beat" either, lets not get personal about someone you dont really know okay ? Are all the thousands of people currently going through Foreclosure in the USA "irresponsible deadbeats whom dont know their dimes from their $5 dollar bills RG ? You are very offensive mate! Are the Sub-Prime, crashed & broke banks MANAGERS, All DEAD BEATS TOO ? You tell me, you seem to have all the "answers" efflandt- who is talking about "gambling" his repayments are $5,000 USD per month, when he took out the mortgage his income was over $100K a year. He has a bad year in 2007 and his income drops and he falls 5 months behind with the repayments and the bank goes to throw him out of his home, its all over the news, thousands of AMERICANS are going through it after the economic downturn started, lesson over,do you get it now ( economic downturn equals a drop/fall/shortfall in your income ) ? dont talk to me about gambling again!