Florida Foreclosure Defense Lawyers for Foreclosure DefenseShort Sales, Renegotiations, Reinstatements, Deeds in Lieu of Foreclosure
Florida Mortgage Modification AttorneysA Florida mortgage modification can help with a: reduction or change in the loan’s interest rate, reduction in the loan’s principal, reduction or elimination of late fees and penalties for non-payment, reduction in your monthly payment, temporarily stop making payments, or extend the time for making payments. Call our foreclosure defense lawyer network for a qualified foreclosure defense because a successful foreclosure defense may prohibit or delay the foreclosure process. It may induce a lending institution to negotiate a loan modification that allows you to stay in your home. This is the goal
The last huge class action involving this many injured this many women was the Dow Corning Breast Implant class action. Dow Corning did file bankruptcy.Dow Corning and other breast implant manufacturers, including Baxter International, Bristol-Myers Squibb, 3M and Union Carbide, reached a settlement with victim’s attorneys in September 1994. Under the terms of this settlement, a $4.23 billion trust was be established. $2 billion was contributed by Dow Corning. The fund would act as an insurance policy: Women with implants who signed up by the March 1, 1995 deadline would receive compensation if they became ill later, to a maximum of $1.4 million. If they preferred to opt out of the settlement to attempt to recover more through the courts, they had to indicate that they intended to do so by the deadline. The largest part of the trust is a $1.2 billion disease compensation fund. Over 410,000 women joined in on the settlement .The huge number of disease claims caused a shortfall in funds and U.S. District Judge Samuel Pointer in Birmingham, Alabama, ordered a renegotiation of the settlement, which was in process in the weeks before Dow Corning’s bankruptcy filing. In the Dow Corning Breast Implant class action bankruptcy a halt was put to any compensation under the settlement by a specific cut off date, as well as any new lawsuits. Women who desperately need medical treatment, including removal of the implants, will have to wait until the bankruptcy’s resolution before receiving funds. (Most insurance companies have refused to cover treatment.) Moreover, the settlement itself is in jeopardy, since Dow Corning, the primary supplier of the gel used in the implants, is the main contributor to the fund.
Will The Vaginal Mesh Lawsuits Go The Same Route?Many Florida vaginal lawyers think that Judge Goodwin’s solution,to hold consolidated trials, will bring the litigation closer to a resolution.
The Good News For Florida Mesh VictimsFlorida has a 4 year statute so you can still file your vaginal mesh or bladder sling lawsuit. Do not wait. If a trust is established there will be deadlines and cut off dates. Get in now Call the Vaginal Mesh Helpline 1 877 522-2123 and get a vaginal mesh lawyer today.
Do You Owe Money On a Student Loan?
Are You Having Trouble Paying It Off?Speak to a student loan consolidation and forgiveness program lawyer and information ab out the process. Did You Know That? Lower payments are possible There are extended payment programs Your loans may he able to be be forgiven. You get lower payments
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FORECLOSURE ON THE RISE HERE IN FLORIDA
The Foreclosure Facts
Banks repossessed 11% more homes in May than in April, potentially a sign that they, too, want to unload homes in a strong market.
Bank repossessions increased in 33 states, with some seeing a big jump.
Florida, Nevada, Ohio post the highest state foreclosure rates so far this year. A 20 percent monthly increase in foreclosure activity in Florida pushed Florida’s Foreclosure rate to the highest among the states in May, up from the No. 2 ranking in April. One in every 302 Florida housing units had a foreclosure filing during the month, nearly three times the national average. Florida foreclosure starts jumped 39 percent from a two-year low in April, but were still down 17 percent from a year ago. Scheduled foreclosure auctions in Florida increased 6 percent from the previous month and were up 79 percent from a year ago, while Florida bank repossessions increased 14 percent from the previous month and were up 20 percent from a year ago.In North Carolina, repossessions were up 60% in May from April. Oregon saw a 57% jump, and Wisconsin and Illinois, a 44% increase.
Given the shortage of inventory and rising home prices, banks have little motivation to hold back on any foreclosures.Overall, foreclosure filings — which include default notices, scheduled auctions and bank repossessions — were up 2% in May from the 75-month low in April. Filings were down 28% from a year ago. Repossessions, which numbered almost 39,000 in May, are the end of a foreclosure, but foreclosure starts mark the beginning of a process that can take years. In May, foreclosure starts nationwide were up 4% from April but down 33% from a year earlier. However, 14 states saw foreclosure starts increase from last year. In some of those states, courts or legislatures slowed the foreclosure process to make sure they were done correctly following revelations in 2010 that many weren’t. As a result, those states tend to have more distressed homes still in the market. In New Jersey, foreclosure starts in May were up 82% from a year ago. Nevada starts were up 81% year-over-year. New York starts jumped 13% year-over-year. Despite the jump in activity in some markets, the housing recovery has strengthened most local markets enough to quickly shake off a few more blows from these nagging foreclosures. Nationwide, home prices were up 12.1% in April year-over-year.
Tight inventories of homes for sale in many markets are helping to drive the rapid increases, economists and real estate experts say.However, there are signals that the inventory crunch has bottomed. Nationwide, the number of for-sale listings on Zillow was down 12% as of June 2 from a year ago. But that’s less severe than the almost 18% shortfall recorded
In trouble from an online payday loan? You might not have to repay it
Foreclosures are back on the rise in Florida. it is simple; the bank owns your home and you must pay your monthly mortgage payment. When you fall behind the bank takes back your home. In a sense it is on loan to you.
Our attorneys are ready to help you with: Alachua County foreclosures, Baker County foreclosures, Bay County foreclosures, Brevard County foreclosures, Broward County foreclosures, Charlotte County foreclosures, Citrus County foreclosures, Clay County foreclosures, Collier County foreclosures, Columbia County foreclosures, Duval County foreclosures, Escambia County foreclosures, Flagler County foreclosures, Franklin County foreclosures, Gadsden County foreclosures, Gulf County foreclosures, Hendry County foreclosures, Hernando County foreclosures, Highlands County foreclosures, Hillsborough County foreclosures, Indian River County foreclosures, Jackson County foreclosures, Lake County foreclosures, Lee County foreclosures, Leon County foreclosures, Levy County foreclosures, Manatee County foreclosures, Marion County foreclosures, Martin County foreclosures , Miami-Dade County foreclosures, Monroe County foreclosures, Nassau County foreclosures, Okaloosa County foreclosures, Okeechobee County foreclosures, Orange County foreclosures, Osceola County foreclosures, Palm Beach County foreclosures, Pasco County foreclosures,Pinellas County foreclosures ,Polk County foreclosures, Putnam County foreclosures, Saint Johns County foreclosures, Saint Lucie County foreclosures, Santa Rosa County foreclosures, Sarasota County foreclosures, Seminole County foreclosures, Sumter County foreclosures, Volusia County foreclosures, Wakulla County foreclosures, and Walton County foreclosures. Get the help you need and keep your home.
- Loan modification Help
- Foreclosure defense help
- Bankruptcy is ther last resort
As the financial cliff comes closer experts are predicting a second recession. With this will come more foreclosures and bankruptcy. We need debt relief lawyers, foreclosure lawyers and bankruptcy lawyers to meet this demand.
U.S. Trade Deficit, Fiscal Cliff Threaten Second Recession
Published: Nov 08, 2012
By Peter Morici
The Commerce Department reported the deficit on international trade in goods and services was $41.5 billion in September, up from $24.9 billion prior to the economic recovery.
Imported oil and subsidized imports from China account for nearly all of the $500 billion annual trade gap. Dollars spent abroad that do not return to buy U.S. exports reduce demand for U.S. goods and services, and slack demand is the principal reason for slow growth and jobs creation in the U.S.
In 2009, stimulus spending and additional tax cuts increased domestic spending by $1 trillion and jump-started growth, but those tripled the federal deficit.
In 2010, consumer spending accelerated–deleveraging, as measured by new consumer credit ended–and the recovery had its best year–gross domestic product grew 2.4%.
However, too many stimulus and consumer dollars went abroad to purchase more oil and other imports, principally from China, and too many stimulus dollars were squandered on dead-end projects like failed solar panel manufacturer Solyndra or electric vehicle technologies that failed. Those kept the initial recovery from accelerating hiring and boosting wages, and in turn, from becoming self-sustaining.
Ultimately, the recovery remained dependent on huge federal deficits, which have averaged $1.3 trillion over the last four years–three times the last Bush Administration deficit in 2008.
The economic recovery began five months after Barack Obama took office, and GDP growth has averaged 2.2%. In October 2009, unemployment peaked at 10%, and has since fallen to 7.9%; however, a lower percentage of adults working or seeking work accounts for about 80% of that reduction.
Ronald Reagan inherited a similarly troubled economy with unemployment cresting at 10.8% early in his presidency. When he sought re-election, the economy was growing at 6.3%, unemployment was 7.3% with adult labor force participation rising.
Mr. Reagan encouraged the development of natural resources and endured much criticism from environmentalists and academics. Whereas Mr. Obama has talked repeatedly about developing alternative energy resources and imposed limits on oil production in the Gulf, off the Pacific and Atlantic Coasts, and Alaska. Merely replacing domestic oil with imports does little to improve air quality or curb CO2 emissions.
To boost sales of Chinese products in the U.S., Beijing undervalues the yuan through intervention in currency markets and subsidizes exports. It pirates U.S. technology and imposes high tariffs on imports. Diplomatic efforts pursued by both President George W. Bush and President Obama have failed to yield much relief for competing U.S. businesses and workers.
Eliminating the trade deficit by developing U.S. energy and taking aggressive steps to counter Chinese protectionism would boost GDP by $1 trillion and create 10 million jobs.
However, in coming months the president and Congress will be preoccupied with averting the "fiscal cliff" and deficit reduction–without action by Jan. 1, taxes will increase by $136 billion and spending will be cut by $532 billion.
The likely outcome is higher taxes on the wealthy and spending reductions that will slice the deficit by about $300 billion. This reduction in demand could throw the economy into a deep recession without offsetting policy actions to jump-start additional oil and gas production, curb the growing trade deficit with China or offer businesses relief from new regulations and health-care mandates.
Other items on President Obama's second-term agenda–tax reform, immigration reform and alternative energy project–will take many months to affect and have few immediate effects on growth.
In the end, the president and Congress will not be able to raise taxes–be those on the wealthiest of the wealthy or anyone else–and cut spending without risking a second recession, deeper and more painful than the Great Recession.
With this in mind we are gettiong ready and are seeking nationwide debt relief lawyers ready to accept cases nationwide.
Florida foreclosure is on the rise according to the Sun Sentinel. Highest rates of foreclosure appear to be in South Florida. The South Florida counties include Dade, Broward and Palm Beach and the cities as far south as the Florida Keys, Homestead, Miamai, Miami Beach, Hollywood, Fort Lauderdale, Boca Raton, Coral Springs, Deerfield Beach, Delray Beach, Boynton Beach, West Palm Beach as well as smaller communities. Foreclosure on the rise in Stuart, Vero Beach, Port St Lucie> Okeechobee, Daytona, Melbourne, Titusville, Jacksonville, Kissimme, Orlando, Ocala and across thru Winterhaven, Tampa, Clearwater, and Ft Myers.
South Florida foreclosures increase in August
By Paul Owers September 13, 2012 11:55 AM
Foreclosures in South Florida and across the state continue to increase following a slowdown last year.
Broward County experienced a 29 percent increase in the number of foreclosure starts in August compared to the same time a year ago, according to the RealtyTrac listing firm said. In Palm Beach County, the number of new cases jumped 35 percent.
RealtyTrac of Irvine, Calif., monitors public records for foreclosure starts, scheduled auctions and bank repossessions.
Florida had the nation’s second-highest foreclosure rate after Illinois, with one in every 328 housing units receiving a notice last month. Foreclosure starts rose 26 percent in the Sunshine State from August 2011.
Lenders temporarily halted many new cases in 2011 after bank employees admitted under oath that they used faulty paperwork to repossess homes. Banks have since resumed those foreclosure filings, five years after the crisis began.
“This is not winding down quite yet,” said Daren Blomquist, a spokesman for RealtyTrac.
The Federal Housing Finance Agency announced this week that San Diego-based Pacifica Companies was the winning bidder on 699 foreclosed homes across Florida. Pacifica made an initial payment of $12.3 million and will share in the ongoing cash flow of the properties.
It was the first bulk sale announced as part of a government program to unload foreclosed properties.
Meanwhile, California research firm CoreLogic on Wednesday said more than 10.8 million homes nationwide are worth less than the mortgages, down from 11.5 million a year ago.
In Palm Beach County, 42 percent of homes are “underwater,” while 44 percent of Broward homes are worth less than what’s owed.
If you are in trouble and fear losing your home call the Foreclosure Defense Helpline today.
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