Foreclosure Help | Hallandale Beach Florida

For help doing a Bank of America short sale, go to www.BelroseProperties.com
Following the example of Chase Bank, Bank of America, the nation’s largest mortgage servicer, is offering Florida homeowners up to $20,000 to short sale their homes in an effort to get them off their books.
This offer from bank of America was emailed to select Florida Realtors earlier this week outlining basic details of the plan.
There are some strict conditions, however, regarding eligibility and investor participation.  The  short sales must be submitted for approval to Bank of America before Nov. …

Reuters
7:10 p.m. EDT, September 8, 2011
WASHINGTON (Reuters) – The White House is seeking
to broaden U.S. homeowners’ access to mortgage refinancing in a
plan aimed at reducing home foreclosures and help the ailing
housing market.
President Barack Obama was poised to mention the effort in
his speech to Congress Thursday unveiling a $447 billion
jobs package, senior U.S. officials told reporters.
“We’re trying to do every single thing we can on housing,”
one U.S. official said, adding the administration was “working
around the clock” on the refinancing initiative.
“We’re hopeful that over the next … several weeks that we
will have …

by Kim Miller
The U.S. Department of Housing and Urban Development is dedicating $10 million nationally, including $463,462 for Florida, to help residents avoid foreclosure with legitimate loan modification assistance and housing counseling.

The money will be doled out to regional and local counseling agencies. Florida received the most money from the local allocation, with California earning the second highest amount at $367,433.
“The funding announced today is specifically earmarked to provide counseling assistance relating to mortgage modification, avoiding potential mortgage scams, and assisting victims of scams,” said HUD Secretary Shaun Donovan. “It …

Are house prices going up in 2011?
House prices vary by region, but in south Florida, most indicators suggest that house prices will be weak and may even fall further in 2011.
Distressed sales nationally make up more than 30 percent of all sales and in south Florida it is even higher. This weakens house prices further.
Bank foreclosures which were halted for several months at the end of 2010 will be back at full steam in 2010 which will also drive down house prices.
With house prices at 2003 levels, it is a …

Foreclosure Options  if you live in Florida.
If you need foreclosure help in Florida there are many options available.
A loan modification is one foreclosure option.  Be careful as few qualify despite much fanfare.
Foreclosure Defense is a very popular foreclosure option.  For most this is short term help designed to keep you in your home for ‘free’.  Is it really free?  Will you be liable for a bigger deficiency judgment when the bank finally takes your home?
A deed-in-lieu is when you give your home back to the bank.  The banks love this …