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The Foreclosure Process for Mortgage Holders – Lulich & Attorneys The Foreclosure Process for Mortgage Holders A mortgage secures a home property loan by providing that the mortgage holder can sell the property if the mortgagor (borrower) is in default on the loan. There are specific requirements that mortgage holders must take to ensure that they follow the Florida laws on Florida foreclosures. Our seasoned […]

The Florida Foreclosure Process – Lulich & Attorneys The Miami Herald reported last year that one in every 1,180 Florida housing units was subject to a bank warning. The warning was that late payments may lead to Florida foreclosure actions. Most Florida home buyers purchase their home, condo, duplex, or residence by obtaining a loan.  Banks and mortgage lending companies are the primary […]

Real Estate Foreclosure Process – Lulich & Attorneys Most homebuyers cannot afford to pay for their homes. Instead, they purchase their home by taking out a loan. To secure the loan, creditors require that the home buyer sign two documents. According to statista.com, nearly one in two hundred homes was in foreclosure in 2018. Initial default Homeowners generally are charged a late fee […]

Florida Foreclosure and How to Avoid One? – Lulich & Attorneys Most Florida homeowners obtain a mortgage to finance the cost of their house, condo, duplex, or other residence types. Homeowners are required to make a monthly payment to their mortgage company until the mortgage is paid in full. If a homeowner defaults, doesn’t make his/her monthly payment, then the mortgage generally has the right to […]