by mendezlaw | Sep 24, 2020 | Mortgage
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...
by mendezlaw | Sep 10, 2020 | Loan Modification, Mortgage
According to CoreLogic, the south Florida area is about to explode with foreclosures. Unemployment related to Covid-19 is the root cause and will likely not improve. A loan modification might help some of these homeowners to save her home. Home loans that are in...
by mendezlaw | Aug 17, 2020 | Alimony & Bankcruptcy, Bankruptcy, Mortgage, Real Estate, Uncategorized
Avoid these deadly mistakes in a financial crisis. (By: Diego G. Mendez, Esq. Consumer Bankruptcy Practitioner) “It is the purpose of the Bankruptcy Act…to relieve the honest debtor from the weight of oppressive indebtedness, and permit him to start afresh...
by mendezlaw | Apr 14, 2020 | Bankruptcy, Mortgage
A forbearance is an informal agreement between you and the bank where the bank agrees to not collect mortgage payments for a few months and you agree to someday pay these “skipped” payments. In many cases the bank agrees to then consider a payment plan on...
