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Although it may feel like it, missing one mortgage payment does not mean you automatically enter foreclosure. Unfortunately, for those wondering how many payments can you miss prior to foreclosure, there is not one clear answer. Instead, when the foreclosure process will formally begin depends […]
For many homeowners facing foreclosure, the uncertainty of what will happen after the foreclosure sale can be more frightening than the foreclosure itself. This can often be attributed to a lack of knowledge regarding the steps that follow foreclosure. To help those undergoing the foreclosure […]
One of the first steps in the foreclosure step-by-step process involves the receipt of the foreclosure summons and complaint. It marks the official start of legal foreclosure action against the debtor in states like Florida, which use a judicial foreclosure process. Therefore, the way a […]
As a homeowner, you are likely familiar with the process required for obtaining a mortgage. You’ve already been through the steps of seeking out a lender and signing the stack of necessary documents, including a promissory note which expressed your intent to repay that loan. […]
Football season is in full swing, and while most Americans are fully aware of how their favorite team is performing, many may be surprised that there are aspects of their favorite game that can be applied to the foreclosure process. It may sound crazy at […]
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 […]
