by titletap | Aug 9, 2019 | Bankruptcy
Starting on August 1, 2019 the Middle District of Florida’s Bankruptcy Courts, which encompasses 35 counties ranging from Jacksonville to Naples, will be offering a new Student Loan Modification Program or “SLM Program” for short. The Middle District will be test...
by titletap | Jan 12, 2014 | Legal:
When a lender releases an existing mortgage for a payoff that is less or ‘short’ of the total amount due, the transaction is called a ‘short sale.’ Lenders sometimes accept short sales as an alternative to repossession and foreclosure, which...
by titletap | Jan 12, 2014 | Legal:
Deed In Lieu’ is a common short-hand term for this situation: a borrower can’t make loan payments, and hands over their deed to the property instead, so that the lender does not have to take the home. The full phrase is ‘deed in lieu of...
by titletap | Jan 12, 2014 | Legal:
A foreclosure is essentially a legally-forced change in possession, where a lender seizes collateralized property – such as a home – when a borrower is unable to pay the loan. While laws vary by state, borrowers typically have a ‘period of...
by titletap | Jan 12, 2014 | Legal:
In a foreclosure, a lender takes legal possession of collateralized property from a borrower who has not met the financial conditions of the loan. Foreclosure defense is the term for legal strategies to stall or stop foreclosure. Foreclosure defense strategies may...
