by mendezlaw | Jul 18, 2017 | Real Estate
Learn About Foreclosure Defense Hello, my name is Diego Mendez. I am a bankruptcy and foreclosure attorney here in Miami, Florida. I’d like to talk to you a little bit about foreclosure. What exactly is a foreclosure? Foreclosure is when you stop paying the home and...
by mendezlaw | Jul 7, 2017 | Real Estate
Deficiency is the amount an individual owes to the lender after a foreclosure, if the property was sold for less of the balance owed to the lender. For example, you owed $500,000, when the foreclosure took place, the lender was only able to obtain $300,000; the...
by mendezlaw | Jun 20, 2017 | Real Estate
Before mentioning and explaining the effects of the credit default, it is necessary to overview what it means to default on a credit. Credit Default: being in default means that you have failed to make payments on your principal or interest or security when it is due....
by mendezlaw | May 24, 2017 | Real Estate
Everyone’s situation can be extremely different. For real estate property owners who have fallen behind on their mortgage payments and are not able to recuperate to continue making the monthly mortgage payment, sometimes the only choice is to find a way out of the...
