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Home Foreclosure Archives

Finance company sued for alleged illegal home foreclosure

Many Florida residents and others around the country dream of home ownership. However, sometimes the mortgage payments for a home can put a drain on a family's finances. In dire circumstances, banks may choose to foreclose on a home if a homeowner cannot regularly make mortgage payments. A woman in another state has claimed that a finance company conducted an illegal home foreclosure on her residence.

Overall home foreclosure levels improving

It is generally exciting for the state of Florida to be ranked number one in the nation in most scenarios. However, recent reports show Florida to have more home foreclosure sales than any other state in the country. While this particular benchmark was not positive for the state, there are many indicators nationwide that reflect much lower overall foreclosure levels.

Home foreclosure rate still high with distressed mortgages

Residents in Florida and others around the nation have witnessed much improvement in various indicators over the past decade since the housing crisis.  For example, the home foreclosure rate for the total housing market decreased 22 percent in the second quarter. However, a particular niche of the market is still experiencing distress. Foreclosures of severely delinquent mortgages purchased by investment companies are increasing.

Questions answered about home foreclosure process

The country's economic crisis has affected many consumers in Florida and around the nation. Some are struggling to make ends meet and wondering how to fulfill all their financial obligations, especially their monthly mortgage payment. Those who are unable to make their mortgage payments on time may be in the home foreclosure process. A realtor addressed several issues regarding foreclosures.

Florida home foreclosure rates continue to improve

Being ranked number one on a list is often cause for celebration. However, Florida once topped a list where many officials were not very pleased to see the state's name. In the past, Florida was first in the country for home foreclosure activity. However, a recent report shows that Florida has made improvements in this area.

Woman faces home foreclosure after Extreme Makeover renovation

Extreme Makeover is a reality television show viewed by many Florida residents and others around the country. The show chronicles the renovation of an existing home for a deserving family. Nine years ago, a woman in another state watched as her home was completely redone on television. However, she now faces home foreclosure and must leave her residence.

Home foreclosure rates improving for Miami-Dade County

After the mortgage crises, many indicators reflect improvement in the financial situations for homeowners in Florida and throughout the country.  Many measures are maintained to demonstrate performance of the housing market. While many improvements are being made, reports from a national real estate and property data provider show that one Florida county still has the room to improve when it comes to home foreclosure.

Mortgage lender faces federal charges of illegal home foreclosure

Ocwen Financial Corporation is one of the largest mortgage servicing companies that are not related to any bank. The Consumer Financial Protection Bureau recently filed a lawsuit against the company in a federal court in Florida, alleging it made mistakes, took shortcuts, caused financial losses, and even caused many borrowers to face home foreclosure. Court documents indicate that the defendants instituted improper foreclosure proceedings on about 1,000 homeowners and even wrongfully sold some properties at auctions.

Home foreclosure rates down in Southwest Florida

The mortgage crisis in 2007 forced many homeowners in Florida and throughout the nation to find ways to keep their homes. Home foreclosure activity continued to rise in the state, according to a property and real estate data provider. However, there is a positive trend occurring in the industry, particularly in Southwest Florida.

Couple faces home foreclosure due to bank mistakes

Homeowners in Florida and around the country work each month to pay their mortgages and remain in their homes. In difficult financial situations, some may seek loan modifications to reduce the amount of monthly mortgage payments. Others may choose to file for bankruptcy in order to keep their home but start with a clean slate to rebuild financial stability. Recently, a consumer affairs columnist highlighted the woes of a couple in another state that believed they had taken the necessary steps to keep their house but now face home foreclosure.

Paul Urich
Orlando Office

Law Office of Paul L. Urich, P.A.
1510 East Colonial Drive
Suite 204
Orlando, FL 32803
Phone: 407-896-3077
Fax: 407-896-3041

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