The HAFA Program Ends on Dec 31, 2013. What Does that Mean for Homeowners?

Posted on November 27, 2013 by Stephen Hachey

The Home Affordable Foreclosure Alternatives (HAFA) Program was enacted as part of the Homeowner Affordability and Stability Plan (HASP) in 2009 as a reaction to the subprime mortgage crisis and subsequent economic slowdown. The HAFA program offers borrowers options of short sales or deeds in lieu to get out from under mortgages they can no […]

If You Were Issued a Summons in Reference to a Foreclosure, Should There be a Hearing Before Going to Trial?

Posted on November 26, 2013 by Stephen Hachey

In judicial foreclosure states, such as Florida, the foreclosure process must go through the courts. Though it may seem counterintuitive, judicial proceedings can be beneficial for borrowers as the burden of proof falls to the lender and can often buy you some time. A foreclosure summons is your lender’s official initiation to foreclose on the […]

When a Property Owner of a Foreclosed House has Roommates, are there Rights the Same as there Roomates/Tenants?

Posted on November 25, 2013 by Stephen Hachey

It is an unfortunate reality that many individuals have had to go into foreclosure as a result of the economic downturn. Some people have been successful at paying down their mortgage by renting out extra rooms to increase cashflow. However, sometimes it is not enough and the property still goes into foreclosure. However, this creates […]

Is There a Statute of Limitations on a Foreclosure After Discharge of Mortgage in Bankruptcy?

Posted on November 25, 2013 by Stephen Hachey

The statute of limitations on any action by a creditor to collect a debt must be made within five years from the date of default or acceleration. If the statute of limitations expires your lender cannot foreclose. Nevertheless, the lien remains a burden on the property for at least another 15 years from the date […]

Your Rights if the Bank Tries to Kick you out of a Foreclosed Home that you are Currently Leasing

Posted on November 22, 2013 by Stephen Hachey

Prior to the passage of the Protecting Tenants at Foreclosure Act in 2009, tenants’ rights were superseded by the “successor in interest,” that is, the new owner of the property. The act was passed to prevent tenants from being blindsided with removal notices that left them little to no time to secure a new living […]

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The HAFA Program Ends on Dec 31, 2013. What Does that Mean for Homeowners?

If You Were Issued a Summons in Reference to a Foreclosure, Should There be a Hearing Before Going to Trial?

When a Property Owner of a Foreclosed House has Roommates, are there Rights the Same as there Roomates/Tenants?

Is There a Statute of Limitations on a Foreclosure After Discharge of Mortgage in Bankruptcy?

Your Rights if the Bank Tries to Kick you out of a Foreclosed Home that you are Currently Leasing

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