Tag Archives: foreclosure defense
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On May 2, 2012, the homestead exemption was increased which brought the exemption for an individual filer to $21,500.00 and nearly in line with the federal homestead exemption. This was especially important to Georgia debtors who are not allowed to use the federal exemption as an alternative to the Georgia exemption. In the nearby state… Read More »
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A recent report entitled, “Florida Homeowners Foreclose On Deadbeat Banks”, provides an interesting and unusual commentary on one effect of the on-going “soft” real estate market, especially for an “REO” property which the lender is unable to sell or rent. REOs (Real Estate Owned) include homes foreclosed by a lender which the lender still owns. Lenders at a foreclosure sale with “no bid”… Read More »
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This question is presented often by clients who are facing a foreclosure and are not sure how the foreclosure might impact them in the future. That is one of many reasons why speaking with an experienced attorney before making any decision regarding a foreclosure is strongly recommended. The Mortgage Debt Relief Act of 2007 generally… Read More »