by evolveAdmin | Jun 10, 2015 | Video Blog
People are generally afraid to seek out a tax attorney because they fear an attorney will be accusatory towards them regarding not having filed their taxes. Orlando IRS Attorney Charlie Price has personal experience running a business and dealing with the IRS, so he can empathize with clients rather than accusing or scaring them. The approachable and empathetic attorneys at Price Law Firm are willing to work with you to find a solution to your IRS tax...
by evolveAdmin | Jul 28, 2014 | Other
“Aquí en la bufete de Price Law Firm puedes hablar con su abogado en su idioma. Si necesitas ayuda con bancarrota, defensa o modificación de hipoteca, ayuda con préstamos estudiantiles o con la IRS. La primera consulta siempre es gratis.” Si desea hablar con un abogado de bancarrota en Orlando, e-mail o llamar Precio Law Firm en este número de teléfono: 407-834-0090. “Here at Price Law Firm’s legal practice, you can talk with your lawyer in your language. [You can contact us] If you need help with bankruptcy, defense or modification of your mortgage, student loans, or the IRS. Your first consultation is always free.” If you want to speak to a bankruptcy attorney in Orlando, e-mail or call Price Law Firm at this phone number:...
by evolveAdmin | Oct 11, 2012 | Foreclosure Defense
In good news for homeowners facing foreclosures, in August, the Federal Housing Finance Agency (FHFA) announced new guidelines for mortgage servicers. The agency aims to speed short sales with the change in guidelines. A short sale occurs when the owner sells a home for less than what is owed on the mortgage. This type of sale requires that the mortgage lender agree to forgive the difference owed. If a homeowner can demonstrate a hardship such as divorce, disability, the need to relocate more than 50 miles for work, or death of a borrower or co-borrower, lenders can now expedite short sales without any additional endorsement by Fannie Mae or Freddie Mac. Further, Fannie Mae and Freddie Mac will also waive the right to obtain a judgment against short sale borrowers who have the income or assets to provide cash contributions towards the difference they owe. Another key change provides special handling for military personnel with “permanent change of station” orders. Relocated military members automatically qualify for a short sale option, even if they are not behind on their mortgages. In addition, they are not required to cover the difference between the sale price of their home and the outstanding balance on their loans. The revamped rules also include: A more efficient process for handling short sales by borrowers in the most dire situations Merging existing short sale programs into one process Freddie Mac and Fannie Mae will offer up to $6,000 to second-lien holders in order to speed up short sales. In the past, second-lien holders were able to slow down short sales by asking for higher bids. These new guidelines...
by evolveAdmin | Aug 13, 2012 | Mortgage Assistance
A report by RealtyTrac highlights a problem for borrowers interested in a short sale of their home. According to Bloomberg, a RealtyTrac analysis showed only 4.2 percent of short sales were completed in the first quarter with second mortgages. The Bloomberg story notes that some holders of second mortgages can be demanding during negotiations, and stop a short sale cold. While a second mortgage holder may have the power to cause problems for a short sale, their power is not unlimited. If the home mortgage is underwater, the second lien holder is in the unenviable position of having gone from being a secured creditor to being unsecured. The second mortgage is now the equivalent of credit card debt, because there is no equity in the home to secure it. Relief Through Chapter 13 Bankruptcy Borrowers who are underwater and have a second mortgage could file a Chapter 13 and have the bankruptcy court strip the lien in the bankruptcy. In a Chapter 13, borrowers can reorganize their debts, pay mortgage arrears and remove any second mortgages on an underwater loan. This may give them the flexibility to remain in their home. During the Chapter 13, if they are unable to maintain their plan payments or it no longer makes economic sense to stay in the home, they could convert to a Chapter 7 and discharge most of their remaining debt, including any deficiency balance caused by a short sale or foreclosure. A bankruptcy attorney can provide advice as to whether a Chapter 7 or Chapter 13 bankruptcy would be the best solution for borrowers dealing with an underwater mortgage....
by evolveAdmin | Jul 16, 2012 | Foreclosure Defense
The economy remains on shaky ground and more homeowner’s association are still aggressively foreclosing on Florida homes. An association may initiate a Florida foreclosure action if dues are not promptly paid. For example, two families are stuck in a bind after a foreclosure sale purchase of an Orlando home. The initial owners of the house are packing and ready to move after their homeowner’s association foreclosed on their home for missed dues. A third party purchased the home through an auction on the Orange County Clerk’s foreclosure website. The new owners bid $16,000 on the house and bought the home through the auction, however they were unaware that they would also be liable for the previous owner’s $200,000 mortgage. The new owners must also evict the current occupants. The family has not yet moved and they hope to stay in the house by renting it from the new owners. Some of those taking part in the online foreclosure auctions think they are getting a steal until they do more research. In many cases, they find a bank mortgage and they are on the hook to pay back an underwater mortgage. One Way to Avoid HOA Foreclosure in the First Place This story is a cautionary tale. Homeowners who have fallen behind on HOA dues have options. An Orlando foreclosure relief attorney can outline available forms of relief. One way to stay in your home is a bankruptcy. If your property is underwater, or you owe more on your mortgage than the value of your home, a Chapter 13 bankruptcy may be one way to stop the foreclosure and strip the association arrears....
