Many in Florida are feeling a financial pinch as the cost of living in the Sunshine State continues to rise. At the same time, hourly earnings among Florida workers have gone down from $25.12 in February 2020 to $24.82 in April 2023. This combination of a higher cost...
It has been a long time since anyone described Miami real estate as "cheap." However, in recent years, many people were able to purchase homes in the Miami area because of cheap credit. Because interest rates were low, many families could take out loans to purchase...
When people purchase homes in the Miami area, many will have mortgage payments that fit within their budgets. Mortgages are spread out over decades and during that time, unexpected situations may cause people to fall behind on their payments. If this happens, the...
People may find themselves in serious financial trouble for all sorts of reasons, including medical expenses, unexpected home repairs, and other occurrences. When this financial trouble is severe, you may also find that you can no longer pay your mortgage. In this...
A bank foreclosing on your home is a serious matter, and not just because you would lose your house. A foreclosure also goes on your credit report, which can have a negative impact on your credit score and make it very difficult to get another mortgage or a loan in...
Owning a home involves lots of financial responsibilities. If a homeowner can no longer make mortgage payments, they face a risk of foreclosure. The good news is that the homeowner can halt the process at any time by taking the proper actions. Here are a few important...
After falling behind on home loan payments, it could take several months until your lender begins the foreclosure process. As noted by GoBankingRates.com, you may skip four payments and keep your property if you can then get caught up. Before missing the fourth...
When you default on your loans, you may find yourself flooded with calls from creditors and lenders. Not being able to pay is one thing, but this added pressure stacks stress even higher. When facing this situation, it may help to understand the process of...
If you have a mortgage but are struggling to keep up with monthly payments, you may be in danger of foreclosure. After working so hard to be a homeowner, it may be devastating to think that you may lose it. Fortunately, there are options that may make it possible for...
Either a Chapter 7 or a Chapter 13 bankruptcy can help a Florida family that is facing the loss of their home through foreclosure. However, only a successful Chapter 13 plan can directly stop a foreclosure since, in a Chapter 13, a family can make catch up payments to...
