Recent News
More than 6M households missed their rent or mortgage payment in September
More than 6M households missed their rent or mortgage payment in September Jessica Menton USA TODAY Persistent layoffs are slowing momentum in the labor market, which bodes poorly for the broader U.S. recovery as millions of out-of-work Americans delay their mortgage...
Bad credit? Can’t refinance? A loan modification can save your home…
Can't refinance your mortgage because of bad credit or missed mortgage payments? A loan modification is the secret way that any homeowner, regardless of their credit can "refinance" their mortgage. Lower you mortgage payment, get a better interest rate, make you...
U.S. Consumer Borrowing Falls on Smaller Credit Card Balances
Is bankruptcy the answer? U.S. consumer borrowing unexpectedly fell in August as credit-card balances declined for a sixth consecutive month, with the coronavirus pandemic continuing to limit some purchases amid elevated unemployment, Bloomberg News reported. Total...
How to find and buy a foreclosure property?
How do you find a foreclosure property? You can get fantastic deals if you know how to buy them. When purchasing a foreclosure or bank-owned property, it is imperative you understand if the property is subject to the title or lien theory of mortgages. Each theory has...
How Much Do Bankruptcy Lawyers Make?
How much do bankruptcy lawyers make? How should I pick a bankruptcy lawyer? What chapter should I file? Bankruptcy attorney Diego G. Mendez, Esq. explains all you need to know when you are getting ready to hire and see a bankruptcy attorney. Questions to ask your...
Will you be filing bankruptcy in your life? Take the Personality Quiz to find out!
Gov. DeSantis to allow Florida’s eviction moratorium to expire
https://www.axios.com/florida-desantis-eviction-moratorium-expire-19646d6e-742f-4577-87ce-97c66d1b01e6.html . Florida Gov. Ron DeSantis speaking in Tallahassee in August. Photo: Don Juan Moore/Getty Images Florida Gov. Ron DeSantis said Wednesday he would let the...
Life After Bankruptcy – How Much Do Bankruptcies Cost? 2020
Should I file for bankruptcy? Credit after bankruptcy Chapter 7? How much does a lawyer charge for a Chapter 7 bankruptcy? Life after bankruptcy? Miami bankruptcy attorney Diego G. Mendez, Esq. talks about the most common questions he has heard regarding bankruptcy...
Freddie Mac: Mortgage Serious Delinquency Rate increased in August, Highest Since January 2013. Loan Modification May Help
Freddie Mac reported that the Single-Family serious delinquency rate in August was 3.17%, up from 3.12% in July. Freddie's rate is up from 0.61% in August 2019, and no one know how these defaults will end. This is the highest serious delinquency rate since January...
Mortgage Equity Withdrawal Increased in Q2
This is not Mortgage Equity Withdrawal (MEW) data from the Fed. The last MEW data from Fed economist Dr. Kennedy was for Q4 2008. The following data is calculated from the Fed's Flow of Funds data (released today) and the BEA supplement data on single family structure...
Fear of Bankruptcy Holds Too Many People Back
Each year, only a fraction of the Americans who could benefit financially from bankruptcy actually seek relief, according to an Associated Press commentary. About 14 percent of U.S. households — or roughly 17 million — owe more than they own, according to Federal...
End of COVID Mortgage Forbearance Can Cause Problems
Forbearance protected millions of people from the loss of their homes even if they couldn’t make monthly payments. Now, for the first time, we’re beginning to see cracks in the system. Looming ahead are several major concerns. How will the homeowner repay “skipped”...