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Some of the advantages of buying a foreclosure over a short sale include: Faster Response Time – Short Sales (really, “Long Sales”) can take 3 months to over a year with no guarantees. Banks respond to foreclosures quickly, usually within a few days in most cases. Also, you can close very quickly on a foreclosure if you’re paying cash.
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At the height of the foreclosure crisis, filings in Florida state courts soared to 400,000 cases in one year, compared to an average of about 70,000 case filings per year before the crisis. With new cases being filed faster than the Florida courts could resolve them, a backlog developed topping 300,000 cases in June of 2013.
The Home Equity Theft Reporter: Florida Widow Loses Home In Mortgage Scam; Police Charge 3, Look for 2 More The Home Equity Theft Reporter: July 15, 2012 In the 2012 case United States v. Jones. Awan pleaded guilty to an unrelated charge of making a false statement on an application for a home-equity loan, and prosecutors said they won’t advise that.Older Americans lose $2.9 billion a year. $179,000 mortgage on their home. miriam parker had become a cog in Howard Clark’s fraud machine. The FBI’s Fleming decided to turn the tables on him. On.
Learn more about dealing with a foreclosure imposed by your HOA.. If you own a condo or any other residence with a homeowner's association in Florida, up on your fees; cooperation is often much faster and less expensive for everyone.
This post is designed to help you understand how the florida foreclosure process works step by step. Here is the first step in the Florida foreclosure process. Most Florida mortgages contain a provision in paragraph 22 of the mortgage that deals with an acceleration notice. An acceleration notice is.
Selling through a traditional realtor may simply not be an option. The chances are, if you’re researching florida foreclosure sales, you’re already behind on your mortgage repayments, meaning you may not have time to hang around waiting for a buyer. By coming to us instead, you can ensure that you don’t face any delays.
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Faster Foreclosure Process in Florida. Florida has an expedited foreclosure process for uncontested cases or if the homeowner doesn’t have a genuine defense. See Nolo’s article Fast-Track Foreclosure Process in Florida for details on this accelerated foreclosure process. Reinstating the Loan to Stop the Sale
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We Fight Foreclosure to Keep You in the Home. 727-954-8752. WHAT STAGE OF FORECLOSURE ARE YOU IN? I Just Got Served ; My Case is Pending ; My Case is Set for Trial
Florida HB 87 Proposes Speedy Foreclosures. On January 5, Sun Newspapers published an article entitled House Foreclosure Bill Would Speed Up Process. Florida House Bill 87 was rewritten to exclude a provision that would have allowed for faster foreclosures on homes that appear to be abandoned, which in last year’s proposal, sparked protest.