Posts Tagged ‘foreclosure defense’
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.
7050 W. Palmetto Park Road, Boca Raton, FL 33433
Attorneys who cover Boca Raton, Delray Beach, and Palm Beach County
1401 Broadway, New York, NY 10018
20 N.Orange Ave, Orlando, FL 32801
Attorneys who cover Orlando, Winter Park, Winterhaven, Kissimmee,Ocala,Atlamonte Springs,Deland,Melbourne, Daytona. Orange,Osceola,Seminole,Lake,Volusia, Polk and Brevard Counties
5713 Corporate Way, West Palm Beach, FL
Attorneys who cover: Lake Worth, West Palm Beach, Jupiter, Stuart,Port St Lucie, Okeechobee, Belle Glade, Vero Beach, Palm Bay Palm Beach, Martin, St Lucie and Indian River counties
200 Biscayne Blvd., Miami, FL 33131
Attorneys who cover Miami, Hialeah, Miami Beach and the Florida Keys including all of Dade and Monroe counties
110 E. Broward Blvd., Ft. Lauderdale , FL 33301
Attorneys who cover Hollywood,Fort Lauderdale,Pompano, Deerfield Beach, Coral Springs and all of Broward County
3630 W. Kennedy Blvd., Tampa, FL 33360
Attorneys who cover Tampa, Brandon, Clearwater, St Pete, New Port Richey, Brooksville, Sarasota, Naple, Venice, Bradenton, Fort Myers, Cape Coral and all of Hernanado, Citrus, Pasco, Pinnellas, Hillsboro, Sarasota, Manatee, Lee and Collier counties.
10151 Deerwood Park # 200-250, Jacksonville, FL
Attorneys who cover Jacksonville, Jacksonville Beach, St. Augustine, Orange Park all of Northeast Florida including Marion Sumter, Flager and Duval counties. Also Attorneys who cover Northwest Florida including: Tallahassee, Pensacola, Panama City and Starke.
Foreclosure defense Helpline and Foreclosure Lawyers.Foreclosure defense lawyers thru-out Florida ready to help you if you are losing your home. A foreclosure defense lawyer can help you fight a bank foreclosure
Foreclosure defense Attorney Network has a Foreclosure Helpline for People losing their home. Foreclosure Defense Helpline can connect you with a Foreclosure lawyer to help you fight the foreclosure process
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Feb 29, 2012 – With the country still in economic straights more and more people are facing foreclosure. A loan modification is the first step in preventing foreclosure. If you have missed this crucial step foreclosure defense is your next option. The Foreclosure Defenses and loan Modification Helpline is exactly that. It is a resource for people in fear of losing their home. The line is monitored by a social worker not a lawyer or a law firm intake person. According to the Foreclosure helpline" a social worker is best equiped to deal with people initially who are undergoing foreclosure stress". First come s the calming stage then comes the action stage". " Our callers are frightened and many of them never thought this would ever happen to them"' They cannot even think straight and need guidance to the next step which is getting them to a foreclosure defense lawyer". " Many of our callers are actually afraid of lawyers"."they are calling with a notice from their condo Board lawyer, Bank , Lending institution or have come home to a lock box on theor door". They need foreclosure defense help and they need it Fast."
This is a new concept. Foreclosure Defense Attorney Network has expanded to a series of Networks and Helplines for people. Serious times cause for serious actions. People seem to need help, A Foreclosure Defense helpline is the sign of the times. The Foreclosure Helpline can be reached at 1 877 522 2123 The Foreclosure defense helpline operates in:
Foreclosure Attorney in Belle Glade, Boca Raton, Bonita Springs, Foreclosure defense Boynton Beach, Bradenton, Cape Coral, Clearwater, Coral Gables, Coral Springs, Daytona Beach, Deerfield Beach, DeLand, Delray Beach ,Fort Lauderdale, Fort Myers, Fort Pierce, Fort Walton Beach, Gainesville, Haines City, Hallandale Beach, Hialeah, Hollywood, Homestead, Immokalee, Jacksonville, Key West, Kissimmee, Lakeland, Largo, Melbourne, Merritt Island, Miami, Miami Beach, Naples, New Smyrna Beach, Ocala, Orlando, Ormond Beach, Palm Bay, Panama City, Pensacola, Plant City, Pompano Beach, Port Charlotte, Port Saint Lucie, St Cloud, St. Petersburg, Sarasota, Spring Hill, Starke, Tallahassee, Tampa, Tarpon Springs, Titusville, Venice, Vero Beach, West Palm Beach, Pensacola, Winter Haven, Winter Park, Foreclosure defense lawyers ready to help you.
Homes for the price of a car
By Erika Riggs, Zillow
April 2, 2012
A house for the price of an SUV? That’s plausible, given the dip in housing. But a home for the price of a Ford Fiesta?
Whoa. Now there’s a value-bending proposition.
While most people don’t think of real estate in prices relative to that of a car, there are houses in some parts of the United States that are for sale with listing prices just like what you’d see at an auto dealership.
And we’re not talking about a house priced at the median home value of $150,000, which is akin to the sticker price of an Aston Martin. The homes featured below compare more favorably to standard highway fare: Nissans, Hondas, Fords, etc.
Some of these properties are distressed sales — either foreclosed or in the midst of a short sale — and some need a little renovation, but that’s still a pretty impressive given that they’re all comparable to the price of a new car. Are we ready for another real estate decline and more foreclosures?
Today, more than 6 million homeowners are behind in their mortgages and foreclosures rose in 21 states. Tampa, Florida alone, just had a 64% rise in foreclosures. In other words, the “Floodgates are opening up on foreclosures, and there’s no way slowing the wave down.” In 2012, we will have more foreclosures processed than the all-time high in 2010. If you need a foreclosure defense lawyer call our Foreclosure defense helpline today.
Having trouble paying your bills? Getting dunning notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car?
You're not alone. Many people face a financial crisis some time in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. But often, it can be overcome. Your financial situation doesn't have to go from bad to worse.
If you or someone you know is in financial hot water, consider these options: realistic budgeting, credit counseling from a reputable organization, debt consolidation, or bankruptcy. Debt settlement is yet another option. How do you know which will work best for you? It depends on your level of debt, your level of discipline, and your prospects for the future.
Debt Relief Attorney Network Debt Settlement Services
Debt settlement is a debt relief strategy for those who can afford to pay something towards their debts, but not the full amount, and for those who want to avoid filing bankruptcy.
Debt Consolidation Programs Debt consolidation is a process of replacing multiple debts with an affordable single monthly payment. It helps you lower your interest rates and monthly payments. This in turn assists you get out of debt with ease. Call our debt consolidation department today.
MAKING HOME AFFORDABLE Mortgage Modification Programs
Making Home Affordable (MHA) is the Obama Administration's initiative that helps struggling homeowners get mortgage relief through a variety of programs that aid in mortgage modifications, interest rate reductions, refinancing, deferred payment or transitioning out of your home while avoiding foreclosure. Before you begin, please explore the available programs and learn more about MHA. The more you understand your options, the easier it will be when you speak to a housing expert or your mortgage servicer. Call our mortgage modification department today.
Foreclosure is a specific legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.A Florida homeowner facing foreclosure has options. There are actually a number of ways to effectively prevent foreclosure, and an attorney can help you understand these as they apply to your particular situation.
• Lower payment, defer arrears
• Repayment Plan
• Repay arrears over months
Avoid Losing Your Home • Court reorganization plan
• Short Sale
• Sell home for less than you owe
• Deed In Lieu
• Walk away and owe nothing
• Foreclosure Refinance
• Get A Brand New Mortgage
• FORECLOSURE DEFENSE
• Special personalized options
A loan modification, mortgage modification, restructuring, or workout plan, is when a borrower of a mortgage loan works with their lender to change the terms of their mortgage loan. Usually in an attempt to lower monthly payments. A laon modification lawyer can help with this. This modification plan can result in temporary or permanent changes to the mortgage rate, term and monthly payment of the loan. The plan’s goal is to help the borrower reduce their monthly mortgage payments to 31% of their gross income. The goal being to keep you in your home.
Get a Loan Modification lawyer
- Lenders are hard to deal with. A Loan Modification lawyer can help you get the results you want from your lender and talk the talk that will get results.
- A Loan Modification lawyer will review your case from a lawyers perspective. They know how to deal with your lender, and will help you prepare your applications. They are familiar with specidic lenders.
- Loan Modification lawyers get results. Your lender will take your Loan Modification request more seriously when you have a lawyer on your side.An Attorney uses legal information as leverage when negotiating. A lawyer knows waht to say and when and is more experienced in negotiations
- A Loan Modification lawyer can stop the foreclosure proceedings, giving you more time to get money together while he concentrates on saving your home.
States with the most homes in foreclosure
By Michael B. Sauter, Charles B. Stockdale, and Ashley C. Allen, 24/7 Wall St.
February 13, 2012
Five major U.S. banks accused of foreclosure abuses have agreed to a $26 billion settlement with the government, the largest payout from banks arising from the financial crisis. The amount, which will include aid from banks in the form of loan forgiveness and refinancing, is intended to help homeowners avoid mortgage default and foreclosure. Most economists believe this is a step in the right direction, albeit only a small one.
Homeowners in at least 49 states represented in the agreement will benefit, though some states have more homes in trouble than others. California, one the hardest-hit states in the foreclosure crisis, will reportedly receive mortgage relief of up to $18 billion. Based on Corelogic’s national foreclosure report, 24/7 Wall St. identified the states with the highest foreclosure rates.
Many of the states with the highest foreclosure rates experienced the worst of the housing crisis. However, analysis by 24/7 reveals that the primary driver of higher foreclosure rates is a lengthy foreclosure process.
Nearly all of the states with the highest rates also have the longest foreclosure periods. The average foreclosure process for the nation is 140 days. The average foreclosure process for the eleven states with the highest foreclosure rates is 220. As a result, many homes foreclosed in 2011 in these states were actually at the end of a process that began more than a year ago. New York, one of the states with the worst foreclosure rates, has an average processing period of 445 days.
The reasons why the foreclosure processing period is longer in these states is because it usually involves the court system. Judicial foreclosures are handled by the court and usual include filing motions and seeking a final judgment from a judge. Nonjudicial foreclosures, which tend to take less time to process, are governed by state law and do not require court intervention. Nine of the 11 states with the highest foreclosure rates have a judicial-only foreclosure process.
While some of the states with high foreclosure rates have had substantial improvements in their economies, others continue to be hit hard. In Nevada and Florida, two states with the highest foreclosure rates, homes lost roughly half of their value over the past five years — and prices are still falling. Foreclosures that began several years ago and that are still active cannot be the only reason nearly 12% of Florida’s homes with mortgages were in foreclosure last year. Home prices in the state fell nearly 50% over the past five years, unemployment remains extremely high, and 17.4% of people with mortgages in the state were 90 days or more late on their mortgage payments.
24/7 Wall St. reviewed housing data provided by Corelogic to rank the states that had the highest percentage of homes with mortgages that were in foreclosure in 2011. Corelogic’s report also provided the percentage of homeowners that were delinquent on their mortgages for 90 days or more last year. In order to highlight the conditions of these state economies and housing markets, we included unemployment rates from the Bureau of Labor Statistics and home price changes from Fiserv-Case Shiller.
Check out the five states with the most homes in foreclosure:
5. New York
2011 foreclosure rate: 4.6%
December, 2011 unemployment: 8% (23rd highest)
Home price change (2006Q3-2011Q3): -13.6% (23rd largest decline)
Processing period: 445 days
New York’s processing period for foreclosures is 445 days — by far the longest among all states. This could explain why the state has such a high foreclosure rate for mortgaged homes. And although New York’s housing prices didn’t decline as much as in other states, the 13.6% decline since the third quarter of 2006 is still quite large. Moreover, home prices are forecast to decrease among the most in the country over the next year and drop nearly 6% by the third quarter of 2012.
2011 foreclosure rate: 5.3%
December, 2011 unemployment: 12.6% (the highest)
Home price change (2006Q3-2011Q3): -59.3% (the largest decline)
Processing period: 116 days
For Nevada, things aren’t going well. Its already dismal economy and housing situation are still getting worse. Nevada didn’t experience a glut of foreclosures last year because the state has a particularly lengthy foreclosure process. Between the third quarter of 2006 and the third quarter of 2011, the median home value in the state tumbled by nearly 60%. By the third quarter of this year, Fiserv-Case Shiller projects home prices will fall an additional 13.9% — by far the worst drop in the country. Nevada has the worst unemployment rate in the country, at 12.6%, and 13.4% of mortgage owners were delinquent on payments for 90 days or more last year.
2011 foreclosure rate: 5.4%
December, 2011 unemployment: 9.8% (7th highest)
Home price change (2006Q3-2011Q3): -29% (7th largest decline)
Processing period: 300 days
Home prices in Illinois have dropped 29% from the third quarter of 2006 — one of the largest declines in the country. It also takes 300 days to process foreclosures in the state. And Illinois residents are not lining up to pay off their mortgages either. The state’s 90+ day delinquency rate for mortgage payments is 9.2%, the fourth highest in the country.
2. New Jersey
2011 foreclosure rate: 6.4%
December, 2011 unemployment: 9% (13th highest)
Home price change (2006Q3-2011Q3): -22.6% (14th largest decline)
Processing period: 270 days
New Jersey has one of the longest foreclosure processing periods in the country at 270 days. The state also has a 90+ day delinquency rate of 10.6%, which is the third highest rate in the country. On top of this, the state’s housing market is not expected to rebound for some time. In fact, home prices are forecast to decrease an additional 3.9% by the third quarter of 2012.
2011 foreclosure rate: 11.9%
December, 2011 unemployment: 9.9% (6th highest)
Home price change (2006Q3-2011Q3): -49% (3rd largest decline)
Processing period: 135 days