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The homestead exemption in Florida may refer to three different types of homestead exemptions under Florida law: exemption from forced sale before and at death per Art. X, Section 4(a)-(b) of the Florida Constitution; restrictions on devise and alienation, Art. X, Section 4(c) of the Florida Constitution; and exemption from taxation per Art ...
The Jacksonville Area Legal Aid, JALA, developed during the Great Depression and the recession of 1937 out of a group of attorneys who organized to provide pro bono legal services to those who could not afford the services. [2] The Jacksonville Area Legal Aid was officially named in 1973, and received 501(c)(3) tax status in 1976. [2]
By 2012, it took three years to complete the process. In nonjudicial states, it takes an average of 100 days. As a result of the United States housing bubble, there is a large backlog of housing that is in the foreclosure process but unavailable to the market. This overhang has had a detrimental effect on the housing market.
The types of foreclosures that can occur depend on your home state and mortgage terms. Some foreclosures involve legal action (judicial foreclosures), and others do not (non-judicial foreclosures ...
Key takeaways. If you’re facing foreclosure, the right of redemption gives you a legal pathway to keep or regain your home, by paying back the entire outstanding loan, plus interest and fees.
A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
The latest civil complaint, filed Monday in state District Court by a Florida-based company acting on behalf of an "original lender," seeks to foreclose on multiple Santa Fe properties it says ...
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...