What is Foreclosure?
No word strikes greater fear in a homeowner’s heart than “foreclosure.” But what exactly is foreclosure? The Foreclosure Process First and...
When Will You Need to Move After Your Foreclosure?
After the foreclosure sale, when a new deed is recorded with a new owner’s name on it, you automatically go from a homeowner to a tenant. You may ...
How Long Will Your Foreclosure Take?
No one can tell you exactly how long it will take for your lender to foreclose on your home, but in this article we outline the elements of a basic ...
Foreclosure Timelines
All states require that you get at least some notice before your house is sold because of foreclosure. If your foreclosure is a judicial foreclosure (...
The Process of Nonjudicial Foreclosure
Steps in a Nonjudicial Foreclosure If your property is in one of the nonjudicial foreclosure states, you most likely signed two core documents whe...
The Judicial Foreclosure Process
Steps in a Judicial Foreclosure In judicial foreclosures, your lender gets things started by filing a foreclosure lawsuit in the local court.
Will Your Foreclosure Take Place In or Out of Court?
Foreclosures typically take one of two major paths: judicial (in court) or nonjudicial (out of court). If your home loan is secured by a mortgage, c...
The Economics of Foreclosure: Should You Stay or Should You Go?
Once your house goes into foreclosure, you need to make a decision: Do you want to fight to keep your house, or are you ready to let your house go? ...
Don't Get Scammed by a Foreclosure "Rescue" Company
A large "foreclosure rescue" industry, much of which is a scam, has mushroomed right along with the number of foreclosures. If you are close to lo...
The Home Affordable Foreclosure Alternatives (HAFA) Program
If you're interested in pursuing a short sale, you should first find out whether you are eligible for the Treasury Department's Home Affordable Forecl...
Foreclosure Books
As the foreclosure crisis continues to spread, a number of foreclosure-related books are hitting the bookshelves. Every book will have something diffe...
Foreclosure Definitions
Acceleration. Requiring a borrower to immediately pay off the balance of a loan. Under a provision commonly found in promissory notes, if the borrow...
Now is it Enough?
The Dow Jones industrial average took a nose dive this week, shedding over 700 points. A small town in Rhode Island filed for protection under the fe...
The Foreclosure Crisis is the Cannibalization of America
Nothing lasts forever, but it's also fair to say America deserved better. We created an unimaginable amount of wealth and prosperity for ourselves, bu...
Casting Judgement on Mortgage Lenders
Wall Street was making enormous gains at the cost of Average Americans. The mortgage disaster was driven by greedy, irresponsible investment bankers. ...
Textured Foreclosures
Demanding compensation for their losses, some $8.5 billion dollars has settled the claims of 22 investors who purchased substandard home mortgages...
Circles of a House
To bond to a house is a choice which affects your decisions on everything. Homeowners make choices about paint colors, waterproof stains, "go gree...
Foreclosure Physics
Through a series of disconnected transactions and undocumented events, an originating lender has disappeared and you have been serviced or sued by an ...
Save Me From My Mortgage
Stuck in a mortgage and don't know what to do? You are not alone. Hundreds of thousands of Americans are facing the same type of problem, primarily as...
Plan Ahead When You Are Facing Foreclosure
Whether you are current on your mortgage, just missed your first payment, or 1 week from a foreclosure sale date on your home it is not too late to ex...
The Hardest Hit Fund: What it is and is Not
This week sees the launch of the Hardest Hit Fund statewide in Florida. Totaling over $1 billion, unemployed homeowners can now apply online to ...
The Lion Tamer's Widow
In respectful consideration of certain events this week, I have thought of the careful indifference of the surviving spouse in a failed partnershi...
The Oak Tree: Solutions to Foreclosure
If a current trend is emerging in our files and foreclosure lawsuits, perhaps we might describe the solutions and modifications offered to our cli...
Is There Really A Sale Date Set On Your House?
If your mortgage lender tells you “there is a sale set on your house 10 days for now”, they may be giving you very inaccurate information. When a ...
Migrations: Options for Those Arriving On Time
Continuing sad news (perhaps an omen for upcoming reports and events in this weekly blog from Rubin & Licatesi, PC) shows foreclosure data det...
Consumers of the Story
For millions of Americans, feeling alone with their mortgage arrears, diminishing income, job loss, process servers and mortgage foreclosure laws...
How Long Do Foreclosure Cases Typically Last?
This is a scenario that comes up in virtually every foreclosure consultation I do- a prospective client will mention a "friend down the street" wh...
Effect of Late Mortgage Payments on Your Credit Score
Credit scores are numerical summaries of your credit worthiness based on information from credit reporting agencies.
Definition and Consequences of a Notice of Default
When you pay your mortgage, things tend to be very quite. Each month comes and goes without a word from your lender other than your regular monthl...
What a Delinquent Mortgage Could Mean for You
Your lender cannot ask you to leave your home if you have a delinquent mortgage without following the necessary legal steps to evict you and sell yo...
Deep Faith in the Face of Mortgage Foreclosure
Conflicting opinions on any subject remain un-debatable. To judge how one's life is progressing, look no further than your partner, co-workers, ...
An Invisible Parade
For those callers to our law firm, Rubin & Licatesi PC, and to those readers of our articles, to the countless thousands of families and neigh...
Foreclosure Hopes: This Time It Will Be Different
We remain hopeful every time we receive the telephone calls from new clients and from our neighbors and community members who are now encouraged t...
Thanksgiving: A Time for Due Process
10,000 Citigroup foreclosure cases are under review for compliance issues, notary public signings and document re-checks. Foreclosures on prime ...
Do You Live in a Haunted House?
Many Americans these days are living in houses presumed to be haunted by their lenders. Nothing is scarier than the gloom and doom of foreclosure, a...
How Do I Avoid Foreclosure?
Working with your lender or mortgage servicing company on a loan modification has proven to be difficult these days as more and more homes are sched...
Foreclosing a Rental Property That You Own
Foreclosure on a rental property that you own is similar in pretense to any other foreclosure procedure; however, depending on the status of tenants...
Homeowners Options for a Delinquent Mortgage
If you have fallen behind on your mortgage payments you have options. Being we are a bankruptcy attorneys licensed in California we will cover the o...
Avoiding an FHA Foreclosure
The best way to avoid an FHA foreclosure on your home is to communicate with your lender immediately. If you receive correspondence or a default n...
Imaginary Friends
Our precious lives, homes and neighborhoods are inundated to the tune of well over 9 million families, friends and homeowners who have found themselve...
