Short Sale Tax Break Set To Expire

by Gregg M. Paley | Aug 14, 2012 | Featured

Short Sale Tax Break Set To Expire For homeowners looking to complete a Short Sale,  Loan Modification or Deed in Lieu of Foreclosure an important tax deadline is looming which may change your thinking about which foreclosure option is right for you.  In fact, if...

Control Foreclosure Stress and Enjoy Life Again

by Gregg M. Paley | Jun 18, 2012 | Featured, Foreclosure Process, Stress

 Foreclosure Process and worrying about financial problems in general is a normal reaction and a concern shared by millions of other people just like you.  Homeowners who never worried about job loss or the prospect of losing their homes are now amongst the three...

Who Owns Your Mortgage and Why Care?

by Gregg M. Paley | Jun 8, 2012 | Banks, Defend Your Lawsuit, Foreclosure Defenses, Foreclosure Process, Loan Modification, Mortgage, Short Sale, Strategic Default

Who owns your mortgage?  What a dumb question – the bank owns my loan and their contact information is at the top of the bill I get each month!  Sorry, wrong answer and one of the many reasons why the Foreclosure Process is so confusing.  Read on and we’ll...

How To Avoid Deficiency Judgments

by Gregg M. Paley | May 28, 2012 | deed in lieu of foreclosure, Defend Your Lawsuit, Deficiency Judgements, Foreclosure Process, Short Sale

Whether or not the bank can collect a Deficiency Judgment from you depends on what your promissory note says and which state you’re in.  More About Deficiency Judgments.  Because your default and any resulting Foreclosure Lawsuit comes from a breach of your...

Tips For Short Short Sale Approval

by Gregg M. Paley | May 18, 2012 | Banks, Deficiency Judgements, Mortgage, Short Sale, Strategic Default

    There are many things you can do to improve the chances of  short sale approval. In fact, by doing a little basic research about your home’s current value and learning all you can about the Foreclosure Process you’ll make a proposal that will...

Foreclosure Blame – It’s Not Our Fault!

by Gregg M. Paley | May 11, 2012 | Options, Stress

Foreclosure Blame- It’s Not Our Fault!  So if we didn’t cause the foreclosure crisis who did?  That’s right, greedy banks and lenders who care more about profits than what’s good for you or the country.  Unfortunately, banks are no longer your...

Ten Ways to Stop Foreclosure and Protect Your Foreclosure Rights

by Gregg M. Paley | May 2, 2012 | Bankruptcy, Banks, deed in lieu of foreclosure, Defend Your Lawsuit, Deficiency Judgements, Foreclosure Defenses, Foreclosure Process, Foreclosure Renting, Lawsuit Defenses, Loan Modification, Short Sale, Special Post, Strategic Default, Walk Away Option

The fear of losing your home is a big deal and an emotion shared by millions of other homeowners so you’re not alone. However don’t let fear control what may be the most important financial decision of your life so try to relax and take the time to learn...

How Strategic Default Works

by Gregg M. Paley | Apr 28, 2012 | Default Notice, Defend Your Lawsuit, Foreclosure Defenses, Foreclosure Process, Lawsuit Defenses, Loan Modification, Short Sale, Strategic Default

How Strategic Default works and what it means are often discussed but rarely understood so let’s make it easy. Strategic Default is a foreclosure alternative where you stop making mortgage payments that you can otherwise afford as part of an overall plan to...

Your Second Mortgage in Foreclosure

by Gregg M. Paley | Apr 21, 2012 | Banks, Foreclosure Process, Mortgage, Your Second Mortgage

What happens to your Second Mortgage in foreclosure is a rarely discussed topic but an important one nonetheless, especially for your post-foreclosure plans. Although many homeowners have second mortgages, which include lines of credit and home equity loans, very few...

Florida Foreclosure Crisis

by Gregg M. Paley | Apr 16, 2012 | Banks, deed in lieu of foreclosure, Defend Your Lawsuit, Featured, Foreclosure Defenses, Foreclosure Process, Lawsuit Defenses, Loan Modification, News, Short Sale, Walk Away Option

Love the weather but hate the housing market – a familiar refrain for many Floridians as the Florida Foreclosure Crisis has dominated the lives of  homeowners for the past several years. Florida leads the nation in just about every negative foreclosure category...