Homeowners and their lawyers involved in foreclosures should be on the lookout for fraud and abuse during the loan process. They should be ready to spot these potential problems. In Florida, if someone knowingly and intentionally lies or omits important information during the mortgage process, they can be charged with mortgage fraud. This includes using or…
Continue reading ›1. How much does a foreclosure defense attorney cost? In general, law firms defend foreclosures on a flat fee basis or other arrangement agreeable to the client and the firm. You can expect to pay several hundred dollars a month in most instances. It is important that a firm provides value to the client in a difficult…
Continue reading ›Florida law allows for a unique statutory foreclosure procedure that speeds up the foreclosure processes for lenders. This can be troublesome for borrowers. During the process, the bank can ask the court to show cause why a final judgment of mortgage foreclosure should not be made. This shifts the burden to borrower to demonstrate why the…
Continue reading ›Florida Statute 697.07 allows banks to obtain an assignment of rents as additional security in the event of default of a mortgage. Sending a written demand under Florida Statute 697.07(3) is a crucial step in perfecting the lender’s right to rental payments. After default and upon a written demand by the mortgagee, the mortgagor must deliver…
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