The Ticktin Minute August 28, 2017 – The Downfalls of the Balloon Mortgage Explained

The Downfalls of the Balloon Mortgage Explained Many people don’t fully understand the terms of Mortgages that they are agreeing to when they buy homes (especially the Balloon Mortgage). This may lead to foreclosure, when repayment becomes burdensome and/or impossible. The conventional thirty (30) year fixed mortgage is fairly straightforward and allows most homeowners to…

The Ticktin Minute August 21, 2017 – PIP Off-Set

PIP Off-Set As a “No Fault” state, Florida drivers are required to carry on their auto insurance policies, Personal Injury Protection (PIP) which covers the first ten thousand dollars ($10,000.00) of medical expenses at eighty percent (80%). Regardless of what a medical provider charges, the PIP carrier will reduce their bills according to the Florida…

Production of the Promissory Note as a Foreclosure Defense

One defense to foreclosure is alleging that the Lender failed to produce the original Promissory Note or proper documentation and evidence as to its existence and authenticity. Foreclosure is the legal process where a Lender institutes legal proceedings in the court system in order to obtain a court order to transfer the title of an…