What is Mortgage Relief and How You Can Apply for It
Jacobs Legal
by thefoundgen
2y ago
As a homeowner, you face a mountain of financial responsibilities, and it can feel overwhelming to stay on top of your debt and monthly payment obligations.   It’s important to remember, however, that there are always options for relief if you are going through a financial rough patch.   Types of mortgage relief   Among the numerous types of mortgage assistance for homeowners are temporary and long-term relief options. Contact a housing counselor or call us at Jacobs Legal to discuss your specific situation.   The U.S. Department of Housing and Urban Development (HUD) provi ..read more
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How to Know if You’re a Victim of Housing Discrimination
Jacobs Legal
by thefoundgen
2y ago
Housing discrimination practices can often be hard to spot. Sometimes even when you know you’re experiencing discrimination, it may be difficult to pin-point the specific discriminatory actions you are facing, but there are certain red flags to be aware of.   Identifying – and fighting back against – housing discrimination is essential to protecting your consumer rights. At Jacobs Legal, we can help ensure you are treated fairly and lawfully, no matter what.   Protecting your housing rights   Homeowners and renters are protected against housing discrimination under the federal F ..read more
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What is Housing Discrimination?
Jacobs Legal
by thefoundgen
2y ago
Housing discrimination is an illegal practice that applies to nearly all housing situations, including private housing, public housing, and housing that receives federal funding. These housing rights are protected under the federal Fair Housing Act, which was passed by President Lyndon Johnson as part of the Civil Rights Act of 1968.       Who is protected?   The Fair Housing Act protects renters and homeowners from discrimination when they are renting or buying a home, applying for a mortgage, seeking housing assistance, or engaging in other housing-related activities, suc ..read more
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June’s End of the Moratorium on Foreclosures: What It Means for Floridians
Jacobs Legal
by thefoundgen
2y ago
State and federal relief for homeowners has been an essential lifeline for so many who have been struggling during the COVID-19 pandemic. Temporary relief, such as foreclosure moratoriums, have given homeowners some financial breathing room, but the end of that temporary relief is here, and with it comes serious implications for Floridians.     What to know about the federal moratorium on foreclosures   Though extended several times, President Biden’s most recent extension on foreclosure moratoriums for federally guaranteed mortgages expired June 30, 2021.   The moratorium ..read more
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The Coming Wave of Foreclosures
Jacobs Legal
by thefoundgen
2y ago
In the end, there were few repercussions felt by the banks in the aftermath of the 2008 crisis. The lessons learned were they could get away with it again. And, chances are, a lot of homeowners are about to become victims. It’s estimated nearly 10% of American households are behind on their mortgage right now — over 10 million homes. To understand the scale, there were 3.7 million foreclosures in the entirety of the great recession. There is a storm coming. Make sure your family is prepared. Great op-ed in the Herald from friend-of-the-firm Ricardo Corona. You can read it here or here.   ..read more
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Telling Truth to Power
Jacobs Legal
by thefoundgen
2y ago
The judicial system works — if Bank of America was telling the truth that they were the servicer of the debt then why would they try and get Judge Butchko off the bench? Here’s a well-written opinion on what’s going on in the foreclosure world right now: Telling Truth to Power and here’s the link to the original article. If you want to see the Florida Bulldog article they mentioned, you can see it here. We’re going to keep speaking the truth and keep fighting to protect the judicial system. Stay tuned, some exciting news we’re working on is close to breaking ..read more
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Can Foreclosure be Reversed?
Jacobs Legal
by thefoundgen
2y ago
In Florida, there are legal pathways to stop a foreclosure even after the foreclosure auction has taken place through what is called the “Statutory Right of Redemption.”   Pursuant to Fla. Stat. §45.0315, a homeowner is permitted to reverse a foreclosure sale after the property has been sold at auction if they are able to meet the requirements to cure their debt. The process is called “redeeming” the home.   Right of Redemption in Florida   According to Florida law, homeowners may be able to redeem, or get back their home, if they can pay off the total debt owed, including the p ..read more
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Is It Ever Too Late to Stop Foreclosure?
Jacobs Legal
by thefoundgen
2y ago
As a judicial state for foreclosures, Florida foreclosure law requires that a bank or mortgage servicer must receive approval from a judge prior to foreclosing on a home.   Because of this, as well as other factors in a foreclosure, the foreclosure process itself can be a long one; however, this is good news for homeowners who are fighting to keep their property. It means you have time to mount a strong defense and take action to the stop the foreclosure – no matter how far you are into the process.   Foreclosure defense strategies   Defending your rights to keep your home takes ..read more
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I Can’t Make My Mortgage Payments. What Are My Options?
Jacobs Legal
by thefoundgen
2y ago
Homeowners throughout Florida are in a difficult situation as the economy struggles to return to its pre-pandemic levels. If you are one of the thousands of homeowners who is having difficulty keeping up with your monthly mortgage responsibilities, know that you have options and help is a phone call away.       One good place to start is to review this list of foreclosure resources for Floridians. There are also loss-mitigation options you can negotiate with your lender to provide some financial relief.   What to do if you can’t make your mortgage payments   When homeo ..read more
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What Constitutes Squatting in a Foreclosed Home?
Jacobs Legal
by thefoundgen
3y ago
Homes that have been foreclosed upon sometimes sit empty for a period of time, and when they do, it presents a perfect opportunity for squatters to take up residence in the home – and to live there rent-free.   If they stay long enough they may, over time, be able to gain ownership rights to the Florida property through something called adverse possession.   Squatting versus Trespassing   A squatter is someone who moves into an abandoned, unoccupied, or foreclosed property without lawfully having permission to do so. They bring in their own personal possessions and, in essence ..read more
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