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At Graham Legal, we have long advised homeowners of the importance of seeking out the expertise of a Miami foreclosure defense attorney when in need of a foreclosure alternative, such as loan modification. The foreclosure crisis is years behind us, but lenders continue to make […]
The foreclosure process starts once a homeowner misses his first monthly mortgage payment and the lender enters a written Notice of Default. However, the actual foreclosure lawsuit begins when three documents are filed and served to the mortgager: a Lis Pendens, a complaint, and a summons. […]
Foreclosure activity across both the state and the nation showed peaks and valleys during 2016, but many experts suspect that 2017 may bring heightened activity for Florida. This prediction is largely tied to a ruling made by the state’s Supreme Court just before the holiday […]
The “short” in short sale refers to the difference between the total debt balance remaining on the mortgage and the sale price. This difference is called a “deficiency.” In a short sale, people are able to avoid foreclosure by selling their house for less than what they […]
One of the first steps towards homeownership is applying for a mortgage. However, qualifying for the loan may be impossible for some individuals without the help of a cosigner. A cosigner agrees to share the responsibility for the debt with the primary signer. This means […]
For many people at risk of foreclosure, the last chance at saving the home is to get a loan modification. A loan modification is basically the restructuring of the terms of a mortgage loan. This restructuring allows for monthly payments to be adjusted to fit […]
Eight years after the housing crisis in 2008, Americans are finally bouncing back. It may seem like a long time coming, but it generally takes seven years for a homeowner’s credit reports to become free from the chains of foreclosure. Once a foreclosure is erased […]
It’s hard to believe that someone could be in foreclosure and not even know it, but it does happen. When you miss a mortgage payment, the bank doesn’t come and take your home right away. Instead, the process is much slower than you might expect. […]
It’s no secret that the foreclosure process is a major source of frustration for many homeowners who must endure it. A primary cause for this frustration is the extensive time involved in completing the process. It is for this very reason that some people have […]
Many defendants in foreclosure cases believe that once their case is dismissed, they are out of the woods completely. Under Florida law, that notion is oftentimes far from the truth. In many cases, lenders will have the option to refile, which is why it’s important […]
