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Monthly Archives: March 2011
Just How Long Does a Foreclosure Take?
When you miss a Mortgage Payment, how long will it take for the Lendor or Servicer to complete the foreclosure process, which is defined as when a bank takes possession. Taking Florida as an example, if you live in the … Continue reading
How We Got Here – The Process of Securitization
It helps to have some background into how Mortgages used to work (like for the last two hundred years). 1) A Bank would loan a homeowner money. 2) The homeowner would sign a promissory note (note or IOU) promising to … Continue reading
What to expect from a law firm defending your case.
If you decide to hire a law firm to defend your Mortgage Foreclosure, what should you expect? The primary goal of the defense should be: Get an agreement with the lender not to pursue a deficiency judgment Or if you … Continue reading