Category Archives: Foreclosure Defense

Filing a hardship letter to lenders

Posted on July 5, 2012 by Blick Law

Part of the loan modification process is filing ones hardship. When applying for a loan modification the lender will require the filing of a hardship letter as a written explanation as to why and what was the cause for the homeowner to fall behind on making mortgage payments and assisting to prevent a foreclosure from proceeding.

A hardship letter provides an explanation to the lender detailing the current issues that are affecting the homeowner’s ability to meet their financial responsibilities. It needs to properly cover all of the issues in a manner which is clear, concise and to the point.

This can be accomplished with the help of an experienced real estate attorney who will review the hardship letter, along with the any other documents required for consideration, and can make any necessary suggestions to the documentation, regarding content, so it is efficient for the lender to approve.

Here is the basic information that must be provided in a hardship letter to the lender:

  1. Name, address, phone number and account number.
  2. State the financial assistance/ plan you are seeking.
  3. Describe your financial hardship. What were the causes that lead to falling behind in one’s mortgage payments? This is an outlined biography of your current “life” issues.
  4. Include life circumstances which may have altered and added to your hardship such as: illness, loss of job, reduced income, failed business, job relocation, death, death of spouse, divorce, military separation, military duty, reduced income, medical bills, property damage and alike.

*Remember that the hardship letter is only the beginning of the loan modification process. It is essential in determining assistance for you if you are trying to avoid the foreclosure of your home.

If you are looking to STOP a foreclosure and stay in your home, contact Blick law firm and speak with an experienced foreclosure defense attorney as soon as possible. Your hardship letter will be reviewed, and any necessary changes, additions and/or suggestions can be provided to aid you through the daunting loan modification process.

Call today to receive your free case evaluation at 813-931-0840. Think quick, call Blick!

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What is foreclosure defense?

Posted on July 5, 2012 by Blick Law

Stop your home from going into foreclosure! There is a way out with Blick Law Firm’s expert legal assistance. Here at our firm, we will inform you of the options you have when dealing with a foreclosure.

Some valid defenses for your case may be:

1. Ownership.  Mortgages are sold every day.  The bank suing must prove that the original mortgage was properly sold, transferred or assigned and that it is the rightful owner of the original note.

2.  Written Notice.  Proper written notice of a default and a 30-day opportunity to cure before filing a foreclosure lawsuit must be received by the homeowner.

3.  The amount owed.  Banks routinely miscalculate the amounts owed on a note and mortgage.

You do not have to lose your home and face the negative effects of a bad credit report because of your circumstance. Contact our office and talk with our foreclosure defense attorneytoday.

As an expert in foreclosure defense we will strive to prevent foreclosure with loan modification or short sale or other real estate services. When dealing with a foreclosure, you are only allotted a certain amount of days to answer the lawsuit. If you do not respond, you not be able to get a hearing to be properly represented. With those deadlines in mind, it is important that you contact a foreclosure lawyer as soon as possible. If you want to have any chance in saving your home, contact Blick Law Firm today at 813-931-0840.

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3 alternatives to stop foreclosure on your home

Posted on March 9, 2012 by Blick Law Firm

Did you know that approximately 24,783 Florida property owners received some type of foreclosure filing in January?

This is the equivalent of 1 in every 363 housing units.

Although, Americans find themselves facing foreclosure on their home for reasons they could not avoid, you may be able to prevent it! There is hope.

There are a few options you, as the home owner can attempt on your own:

o Repayment Plan – Find out if you can make a repayment plan. The borrower makes regular installment each month plus part of the missed installments.

o Special Forbearance – The servicer agrees not to initiate foreclosure to allow time for borrowers to repay the missed installments. An example of when this would be likely is when a borrower is waiting for a tax refund.

If you surpass the options above and become delinquent you should speak with Florida foreclosure defense attorney for assistance.  You can try a few more options with the assistance of a Tampa real estate attorney:

o Loan Modification – Provides the borrower a fresh start by adding the delinquency to the loan balance and establishing a new payment schedule.

o Foreclosure Defense – Additional time to arrange a private sale – The servicer agrees to delay foreclosure to allow a sale to close if the loan will be paid off.

o Short Sale – When the servicer agrees to allow a borrower to sell his/her home for a lesser amount than what is currently required to pay off the loan.

For more information regarding foreclosures in Florida or how to stop foreclosure in Florida call Blick Law Firm today for your free consultation. 813-931-0840. Think quick, call Blick.

 

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Tampa- Banks incentive program to borrowers cause spike in short sale

Posted on February 9, 2012 by Blick Law Firm

Short sales are a lenders best friend! Only until recently, Lenders are starting to embrace the idea of Tampa bay short sales.

In the past three years, there has been a 350% increase in the amount of homes sold through short sale, according to Corelogic’s most recent numbers.

How are banks benefiting from this?

Banks benefit because it decreases the large amount of foreclosures, alleviating the court systems of back logs related to foreclose cases pending.

In a short sale, there is a seller & buyer.  The seller gets out of their home, often with a cash incentive to help with relocation expenses, and most banks do not hold a deficiency judgment against them.

The buyer gets a nice home at a very reasonable cost and  neighborhoods do not suffer from run down or vacant property.  Therefore, the bank is satisfied as well as cultivating economic stability and growth.  Everybody wins!

If you fear you are in danger of losing your home, don’t hesitate.  Think Quick!  Call Blick!  Our real estate department is ready to counsel and guide you towards your best option for you and your loved ones. Call us today at 813-931-0840 and receive a free consultation! Just mention this article!

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Tampa Bay foreclosures increase 33%

Posted on November 10, 2011 by Blick Law Firm

Tampa- According to the Tbt, foreclosures increase 33% percent last month. Banks continue to schedule more houses for courthouse auctions but the bay area is not alone.

In Florida, lenders notified 10,655 homeowners that their houses will be sold in court. According to Realty Trac locations include: Miami-Fort Lauderdale recorded 4,193; Tampa Bay at 1,119; Orlando-Kissimmee, 1,093; and Cape Coral-Fort Myers, 441.

On a more positive note, the increase in auctions will help to rehabilitate the housing markets. The housing market cannot recover until the foreclosure backlog is cleared.

It seems this problem will be with us for a while according to Scott Brown, chief economist with Raymond James in St. Pete.

If you are in the process of a foreclosure or you recently have been served with a summons, please contact your Tampa Real Estate attorney today. What does foreclosure mean? Can a foreclosure be stopped on your home? Can you save your home from foreclosure? Call us today and we will assist you in the right direction during this unfortunate time. Think quick, call Blick. 813-931-0840

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Homeowners Foreclosure on Bank of America

Posted on June 6, 2011 by Blick Law
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Interesting turn of events for Bank of America…

 

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