Anyone facing a foreclosure in the Tampa area should be aware of his or her rights. There are options available but a person should also know that although there are valid methods to find help, there are also foreclosure scams. It's important to understand the differences between the two.
The ongoing economy troubles in the U.S. have had many negative effects on people everywhere, including those in the Tampa area. From mounting debt to home foreclosures, the effects can be felt everywhere you turn. As foreclosures continue to mount banks have begun turning to questionable methods in order to deal with the growing problem.
Foreclosure cases can be very complex and they can also involve many issues that are time-sensitive. Anyone in the Tampa area who is facing a foreclosure dispute should understand all of the factors that are involved.
We’ve previously discussed the issue of foreclosure abuse that was so widespread a few years ago. After millions of homes were fraudulently repossessed, several major banks settled with homeowners to compensate them for losses. Many foreclosure practices were also changed to allow homeowners in Florida a fair chance to stop foreclosure.
Having a home repossessed is a stressful and devastating event for any Florida resident to endure. However, what if you came home to discover that your home had been broken into and your possessions taken away as a result of a mistaken foreclosure?
Housing prices are quickly increasing in Florida. Especially in Tampa, investors, developers, and homeowners are picking up homes almost as soon as they arrive on the market, even with rapidly rising prices that some even say are rising too quickly. This is positive news for our state’s economy and housing health. However, there are still many homes going through foreclosure that are just sitting empty and dragging down neighborhood values.
Financial challenges are still a stressful and sad part of life that many Floridians are experiencing. As a normal and common part of these challenges, foreclosure still looms over the heads of millions of Florida homeowners. It can be an uncertain, scary, and highly stressful time for families. If you’ve received a court letter advising you that your home is about to be repossessed, you may not know where to turn or what to do.
We’ve seen a lot of debate going back and forth about the slow foreclosure process in Florida. Does the sluggish foreclosure rate hurt homeowners or benefit them? Is it better for our state’s economic recovery to let home repossessions move slowly through court, or should they be sped along?
Today’s job market and financial challenges are bad for millions of Florida residents, but experts say many veterans face a unique set of challenges and setbacks. It’s fair to say that once they’re discharged from the military, veterans should be allowed to enjoy financial security after serving our country. Unfortunately, many veterans are finding themselves in just the opposite position, with unemployment, debt, and even foreclosure being part of a list of problems that add stress to the lives of former servicemen and women.
After suffering for years during the recession and housing crisis, there may finally be a way for homeowners facing foreclosure to get some much-needed -- and long-awaited -- help for their underwater homes. Florida is one of the states suffering the worst of the national housing market crash, and mortgage giants Fannie Mae and Freddie Mac are now offering some solutions to help many of the millions of struggling homeowners in the U.S.