As 2020's summer market environment continues to pressure homeowners with mortgages, concerns over a wave of foreclosures due to lack of payment increase. Recently, protections designed to stay off Floridian foreclosures and evictions expired. WJXT news details how...
Foreclosure Defense
New mortgage relief for some homeowners
In these difficult times, many Florida homeowners are worried about how they will be able to make their mortgage payments. Fortunately, the federal government has offered some relief. One important aspect of the massive Coronavirus Aid, Relief and Economic Security...
Coronavirus sparks foreclosure concerns
Economic concerns are growing as the effect of the coronavirus begins to cross the country. In anticipation of an increase in mortgage foreclosures, government and independent regulators are working on plans to avoid another foreclosure crisis. These unfolding events...
Is loan modification right for you?
If you struggle to make your monthly mortgage payments, you may be at risk of losing your Florida home. Depending on how indebted you are, you may even consider filing for bankruptcy to get a fresh start. Before you take such a definitive action, consider first the...
Can you stay in your home if foreclosed on in Florida?
If during a financial struggle, you miss a mortgage payment; your first worry may be whether the lender will foreclose on your home. In the state of Florida, judicial foreclosure is a requirement. This means that a mortgaged property sells under the supervision of a...
Top 4 ways to prevent foreclosure
At Hathaway Sprague Law, P.A., in Florida, we represent numerous people facing financial difficulties and foreclosure of their home because of them. We therefore understand and empathize with the fact that if this description fits you, you likely will do whatever you...
What do you do if you cannot pay your mortgage?
A number of circumstances can lead to difficulty paying your mortgage. They can be sudden or gradual, temporary or permanent. If you go too long without making payments, the final consequence may be a foreclosure on your Florida property. Fortunately, there are steps...
What alternatives to foreclosure are available in Florida?
There are a lot of reasons people fall into foreclosure. You may have a balloon mortgage, where your payments suddenly grew to be unaffordable. You may have built up other debts that make paying your mortgage a challenge. You may have lost a job or gained an...
Underwater mortgages down in Florida
There are many challenging situations homeowners could face in connection to the mortgage on their home. One is having an underwater mortgage. This is when a home’s value is less than the amount still owed on the mortgage. The struggles that can go with being...
When financial struggles lead to foreclosure worries
It appears that financial struggles remain common among Americans lately. A recent survey looked at consumer financial health here in the United States. According to the survey, around 55 percent of U.S. households are doing alright in some financial areas, but...
