When a Florida property owner fails to make mortgage payments, it can sometimes prompt a lender to take steps to obtain possession of the property in question. Under federal law, however, the lender cannot start foreclosure proceedings unless the mortgage loan is more...
Foreclosure
Burt Reynolds was sued for foreclosure on his Florida home
Film fans around the world recently mourned the loss of one of Hollywood's greatest stars, Burt Reynolds. News of his passing was followed by stories about his life, including his childhood and continued strong ties to Florida. Some of Reynolds' fans may be surprised...
Popular Florida restaurant facing foreclosure
Wells Fargo has reportedly called in a loan against a Florida fish house owner. This business owner is definitely not the first one in this state or elsewhere to face a serious financial crisis. In fact, many company owners are able to halt the foreclosure process by...
Foreclosure: Ways to stop it in its tracks
What if a Florida homeowner runs into some hard financial times and can't gather funds to make a mortgage payment? Would his or her home undergo foreclosure? It is not likely to happen for one missed mortgage payment and, perhaps, not even two. However, if a financial...
Famous winery facing foreclosure
Florida wine enthusiasts may have already heard that a popular winery on the West Coast has undergone serious financial crisis. The situation has led to foreclosure of the home. It is reportedly the most expensive foreclosure in the United States.Approximately 20...
Does foreclosure prompt higher property taxes in Florida?
Many Florida residents understand what it is like to face financial difficulties. In fact, some have been unable to rise above their money problems and have filed bankruptcy or surrendered their homes to their lenders. When a large percentage of homes in a particular...
More people able to avoid foreclosure this year than last
Any number of issues can lead to financial crises for Florida residents and others. Most finance problems are temporary and finding solutions often depends on the types of support resources one accesses. There are currently many people in this state and beyond who are...
Being proactive may help overcome threat of foreclosure
Florida residents are not immune to financial challenges. In fact, most people in this state and beyond have experienced financial upset at some time in their lives. Such crises are usually temporary and can be overcome if one knows how to access available...
Former boxing champion facing foreclosure
One cannot always predict when major financial problems will arise. Some issues are undoubtedly more serious than others, as many Florida residents may attest. Former boxing world champion Vinny Paz is facing some serious financial troubles of his own. His home is in...
End of moratorium following Florida hurricanes sparks foreclosure
National disasters have wreaked havoc throughout this state. Because of this, financial crises have hit many Florida families hard. In March, more than 52,000 homeowners were threatened with foreclosure. In fact, there were 5,000 plus more started in March than in...