Foreclosure Help | Miramar Florida

Four years into the housing crisis and there are still 2.1 million homes in foreclosure!
The courts are so backlogged and their pace so slow that it will take many more years for all these homes to work their way through the system and return the market to some sort of normalcy.
This is testament to the Obama government’s attempt to fix the crisis by bailing out the banks and promising people that the government was going to help them with a loan modification, and giving people a sense of entitlement to …

Following the example of Chase Bank, Bank of America, the nation’s largest mortgage servicer, is offering Florida homeowners up to $20,000 to short sale their homes in an effort to get them off their books.
This offer from bank of America was sent out via email to select Florida Realtors earlier this week outlining basic details of the plan.
There are some strict conditions, however, regarding eligibility and investor participation.  The  short sales must be submitted for approval to Bank of America before Nov. 30 to qualify. The homes must have no …

Jean Feingold hoped that her vintage bungalow in Gainesville, FL, would be worth about $140,000, considering that her whole neighborhood was undergoing gentrification, with new homes sprouting and old ones being fixed up.
But local appraiser Joe Foy was not swayed. The lack of air conditioning would undermine the appeal of the bungalow to almost any buyer, he thought. And, though the house is in good condition, it’s small, with only a single bathroom and a modest kitchen. He appraised the bungalow for $115,000.
Feingold’s rationale was good enough to make her …

by Kim Miller
The U.S. Department of Housing and Urban Development is dedicating $10 million nationally, including $463,462 for Florida, to help residents avoid foreclosure with legitimate loan modification assistance and housing counseling.

The money will be doled out to regional and local counseling agencies. Florida received the most money from the local allocation, with California earning the second highest amount at $367,433.
“The funding announced today is specifically earmarked to provide counseling assistance relating to mortgage modification, avoiding potential mortgage scams, and assisting victims of scams,” said HUD Secretary Shaun Donovan. “It …

By Kimberly Miller
Palm Beach Post Staff Writer
Updated: 10:58 a.m. Saturday, Sept. 10, 2011
Posted: 9:28 p.m. Friday, Sept. 9, 2011
Recognizing the shortcomings in his once-heralded refinance program for struggling homeowners, President Obama asked Thursday for a revamp of the 2009 plan that has helped fewer than 840,000 borrowers nationwide.
The Home Affordable Refinance Program, or HARP, was created to encourage more homeowners to take advantage of record-low interest rates by allowing borrowers to refinance even if they owe up to 25 percent more on their loan than their home is worth.
Interest rates have continued to drop since the plan’s debut, with Thursday’s …