It can be challenging to keep up with lawn maintenance, especially when extenuating circumstances arise that require someone to be away from home for an extended period of time. Given the typically warm climate in Florida, grass, weeds, flowers and plants often grow quickly. Many readers may be surprised to learn that being away from home and unable to mow the lawn could possibly lead to a threat of home foreclosure.
There are currently Florida residents who have fallen behind on their mortgages. This is not uncommon, as people in most states throughout the country run into financial problems at some point in their lives. Some situations are definitely more serious than others, however, especially if those involved are at risk for losing their homes to foreclosure.
Many Florida residents are still trying to recover from the economic crash that hit the U.S. in the early 2000s. In fact, some are struggling to overcome serious financial crisis that includes threat of foreclosure on their homes. If you are facing a similar situation, you may have options available to help you meet your immediate needs and take a step toward a stronger financial future.
Many brick-and-mortar malls in Florida and across the country have been struggling to stay afloat in recent years as online shopping continues to increase in popularity. The absence of consumers from name brand stores, such as J.C. Penney and Sears, have led to many corporate shutdowns. In fact, J.C. Penney was one of two anchor stores in a particular mall in another state that went out of business, thus sparking financial problems for the owners of the mall plaza. The situation led to lenders pursuing foreclosure proceedings.
Lenders sometimes foreclose on a home when owners have stopped making mortgage payments. In such cases, a homeowner is said to be in default on his or her loan. Foreclosure is a legal process handled in the Florida court system. Fortunately, many Florida homeowners have been able to overcome the financial issues that placed their homes at risk.
Many U.S. military service members reside in Florida and other states when they are not on active duty overseas. The Servicemembers Civil Relief Act protects them against litigation, home foreclosure and other legal actions while they are serving active duty overseas. A federal court recently ruled that one of the nation's largest mortgage service providers violated the rights of six servicemembers.
In the past several years, Florida homeowners and others across the country have learned how dangerous it can be to not have air conditioning in times of natural disaster. If power goes out and homeowners are located in areas where climate temperatures are high, not having air conditioning can pose an immediate life-threatening hazard. One woman applied for a loan program offered in this state to help people obtain funds for home improvements such as air conditioning in order to better protect themselves from hazardous conditions during natural disasters. The problem is that this woman is now facing threat of foreclosure from the company that installed her air conditioning system.
You may be one of many Florida residents who are currently having a tough time regarding your finances. Perhaps you lost a job or someone in your household has experienced a medical situation that requires surgery or treatments you weren't expecting, thus prompting expenses you are unprepared to meet. When financial situations get out of hand, homeowners often face a threat of foreclosure.
Like other states, the Florida economy fluctuates with some years better than others. Global, statewide and local issues affect the financial status of everyone. This holiday season, some people are dealing with lenders who are threatening foreclosure on a home or business property.
Florida is home to a lot of old buildings. Many of these properties have changed ownership throughout the years. As with private homes, commercial businesses or other real estate, ownership sometimes transfers to the lenders, if those who currently own said properties are not able to make good on their loans, thus prompting foreclosure.