Kingcade Garcia McMaken
Set Up a FREE In-Office Consultation
305-285-9100
Open Every Saturday Morning 8 AM to 11 AM.

Foreclosures Archives

What is forbearance?

Failure to make payments on your Florida property can lead to foreclosure on your mortgage and loss of your home. Obviously, this is not an outcome that you want to see happen. As a matter of fact, your mortgage lender does not want to foreclose on your mortgage either. Foreclosing on your property forces the mortgage lender to take a loss and saddles it with a property that it then needs to dispose of.

What is lien stripping?

If you are a Florida homeowner facing financial difficulties that put you in the frightening position of possibly having your home foreclosed upon, you may wish to consider Chapter 13 bankruptcy as a way to prevent foreclosure. If you have both a first and second mortgage, Chapter 13 may likewise allow you to get your second mortgage discharged and any lien on your home having to do with that second mortgage stripped.

How to recognize and avoid foreclosure scams

When you have concerns about potentially losing your Florida home, you may be experiencing feelings of desperation, and those feelings of desperation can lead you to believe things you perhaps otherwise would not. At Kingcade Garcia McMaken, we recognize that many people become more susceptible to foreclosure scams when they fear losing their homes, and we have helped many clients avoid falling victim to such scams while otherwise helping them regain control over their finances.

Florida fourth in US for foreclosure troubles

An overall healthy national and global economy does not always guarantee protection from serious financial challenges for individuals. Many people in Florida know this through their own first-hand experiences. The problems can extend beyond credit card debt to mortgage delinquencies that put homeowners in jeopardy of losing their homes.

Do you qualify for a short sale?

If you are struggling to make your mortgage payments, you may have considered filing for foreclosure. There are, however, several options that may leave your credit in better health. A short sale allows you to sale your home for an amount less than what you owe on your mortgage. This means that the lender will be short the amount between what was owed on the mortgage and the amount the home sold for. Although the lender is losing money on the home, a short sale may be a better option when compared to a foreclosure. In a foreclosure, the lender would lose the entire balance of the mortgage; however, a short sale would allow the lender to keep a portion of the money owed.

Deliquent mortgage payments on the rise

People who are struggling with overwhelming credit card debt, or have just experienced a sudden change in their lives, such as a job loss or diagnosis of a chronic condition, may find it hard to make their mortgage payments every month. House payments can be a major chunk of a person's paycheck, and when money is tight, it may be difficult to come up with the funds to make that payment. As a result, many Americans fall into foreclosure or end up losing their homes because of their inability to pay.

Can I get a loan modification?

When you have financial trouble, one of your first concerns may be your mortgage. The last thing you want is for it to go into foreclosure and to lose your family home. Your lender also wants to avoid this, so it may offer you a solution called a loan modification. This option is a great way for Florida homeowners to save their homes and get back on track financially.

Set Up A Free, In-Office Consultation

Open Every Saturday Morning 8 AM to 11 AM.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

EMAIL US FOR A RESPONSE

Firm Location

Kingcade Garcia McMaken
1370 CORAL WAY
Miami, FL 33145

Miami Law Office

Firm Number Phone: 305-285-9100
Review Us