RealtyTrac statistics place Florida No. 2 in the U.S. for foreclosures.
Florida cities accounted for 7 of the 10 highest metro foreclosure rates
A new law will soon go into effect forcing homeowners to prove that they should not be foreclosed on by banks.
Consulting with an attorney NOW is the safe idea. Waiting until you get the foreclosure letter no longer gives you a long foreclosure process.
Plan ahead and do not wait for the law to push you into a corner.
House Bill 87 is soon to be a new Florida foreclosure procedures law forcing homeowners to prove that the lender was wrong in all foreclosure actions
Happy Mother’s Day from Lanigan and Lanigan, Winter Park, Florida.
Winter Park attorney Eric Lanigan explains why you may be denied your request for a home mortgage refinance and it’s got nothing to do with you.
It has everything to do with the money a lender saves by NOT negotiating with you and instead receiving money from the FDIC.
Lanigan said that the reality is the whole loan modification process is a colossal failure. In fact, nationwide, less than 5% of loan modification applications result in any modification of any kind.
Contact Lanigan and Lanigan to sort through the problems you’re having with your home mortgage. Find out what your true options really are by talking with Roddy or Eric Lanigan.
When is a mortgage default NOT a default?
When a bank suggests to you that you stop paying your mortgage in order to qualify for a home mortgage refinance.
Winter Park Florida foreclosure, bankruptcy and real estate attorney Eric Lanigan discusses the issues that can cause a foreclosure to be stopped.
Many times foreclosure problems start with lenders who tell homeowners desperate to refinance that they’re unable to be refinanced because they’re not late on their home loan payments.
The suggestion often made is that the homeowner default to prove that a refinance is thus needed.
Bad move. Homeowners stop paying and thus “qualify” for the refi. But a foreclosure action then occurs due to late payments.
At this point a homeowner should see an experienced real estate attorney. Eric Lanigan has seen clients who have had banks tell them to stop paying their mortgages in order to get a refinance accomplished.
However the ensuing foreclosure action is caused by the bank.
Keep track of your discussions with lenders, time, date and name of lender staff. Should the bank suggest this and a foreclosure occur, you may have legal grounds for foreclosure dismissal as well as release from fees, penalties and other actions.
Lanigan tells clients not to throw in the towel in a foreclosure action, ever. Banks and lenders have made horrendous mistakes. From robo-signing, to incorrect documentation including late fees, penalties and faulty payment schedules.
There are rights and laws to protect homeowners that the average person simply isn’t aware of. Find out what you can do to defend against foreclosure.
Contact Eric Lanigan and Roddy Lanigan at Lanigan and Lanigan by calling 407-740-7379 in (Winter Park Florida)
Here’s One of the Reasons Your Bank Won’t Refinance Your Loan
Winter Park Florida foreclosure and bankruptcy litigator Eric Lanigan explains loss share agreements between banks and the FDIC. Loss share agreements give banks 80-95% of the value on a home that has a defaulted loan.
While you’re trying to ask the bank to renegotiate, they may already have an option to recoup the losses through the FDIC.
Every loan, every foreclosure, every situation is different. Don’t despair or compare yourself and your situation to someone else’s. Talk to an experienced lawyer who has the knowledge and the background to advise you professionally.
Eric Lanigan has practiced law in Florida since 1976. He may be reached at 407-740-7379 and is located in Winter Park, Florida.
Eric Lanigan has advised Florida business owners on complex business and civil law since 1976 and one thing he tells all business owners: don’t answer investigators’ questions without an attorney.
Your professional license relies on your ability to practice in your field. If you answer a question of a licensing arm innocently and it becomes a criminal matter you may lose your license and face charges.
Think before you speak. Call an experienced attorney and talk with the lawyer to get advice about what you should say or have the attorney with you for questioning.
Protect Yourself From Professional Licensing Agencies
There are three ways that lenders are deceiving homeowners. A Florida foreclosure attorney who has been practicing law since 1976, Eric Lanigan talks about what he’s seen and discovered in a new blog post.
In short, homeowners are finding out in the midst of foreclosure that they are paying the wrong entity, the wrong amount and lenders are foreclosing on homes they don’t hold the note for.
However, trusting homeowners who believe that the legal document, the mortgage, that they signed holds the two parties accountable for their actions.
Yes, in philosophy. However, because the mortgage industry is in such disarray, paperwork is a mess and tracking who owns what loan takes a forensic or a securitization audit to determine what is correct.
http://laniganpl.com/2013/03/15/florida-bankruptcy-trustees-can-sue-for-assets/ Winter Park Florida bankruptcy attorney Roddy Lanigan talks about an adversary action.
An adversary action proceeding is what you think it is: the bankruptcy court is fighting with someone else in the bankruptcy court. On occasion it can take you by surprise if you accidentally provided the wrong information, incorrect information or intentionally incorrect information to the court.
It is up to you to hire an experience bankruptcy attorney—not the cheapest lawyer you can find. Bankruptcy is complex. You are in Federal court. Take bankruptcy very seriously.
If you would like to find out more about bankruptcy, you can set up an appointment for a consultation with Roddy Lanigan by calling 407-740-7379 to come into the offices located at 831 W. Morse Blvd., (Winter Park Florida).
Winter Park, Florida, attorney Eric Lanigan and Florida attorney Roddy Lanigan handle mortgage workouts, real estate, foreclosure and bankruptcy for clients in Central Florida.
Eric has practiced Florida law since 1976. In addition to real estate law, he handles business and civil litigation, asset protection, investment losses, business reorganization.
Roddy has practiced Florida law since 2007 and handles white collar crime, criminal defense, asset protection, business workouts.
Together, Lanigan and Lanigan provide clients aggressive representation with a personal touch.
Lanigan & Lanigan, P.L
831 W. Morse Blvd., Winter Park, Florida, 32789
704-740-7379
