Can a Foreclosure Sale in Florida Occur Before a Foreclosure Judgment is Entered?
Foreclosures in Florida are judicial, which means that the lender must file a lawsuit in state court. In Florida, a foreclosure sale can’t occur before a foreclosure judgment is entered due to the fact that the lender must file a lawsuit. To initiate the foreclosure process, the lender files a co ...
What Do Charges for LPHI in Mortgages Mean?
When you see an LPHI charge on your mortgage statement, it likely stands for Lender Placed Hazard Insurance. Your mortgage company will buy insurance on your property if you don’t have it, or if what you have is not enough. The purpose of this insurance is to protect the lender’s financial interests ...
Do You Still Have to Pay ‘Equity Ownership’ if you Buy a Property in a Country Club Community?
Usually, when a homeowner buys a property in a specific community, such as a gated country club community that provides amenities like golf and tennis, paying for an equity ownership is required. However, each locality and every property association is going to have a different set of rules. The qui ...
What Are Your Rights as a Renter if a House is in Foreclosure and You’re Unsure if the Owner is Paying any of the Bills?
It can be extremely unnerving when you’re renting a house that ends up in foreclosure. When that happens, you can be sure that the owner isn’t paying the mortgage. In many cases, it’s easy to assume that the homeowner isn’t paying any of the taxes, insurance or homeowners association fees either. Yo ...
