DEFICIENCY CASES BY DYCK O’NEAL

House and lawAre you being sued by Dyck O’Neal for a balance on a short sale deficiency or a deficiency judgment following a foreclosure?

It is very important that you take immediate action to protect yourself.

If you have received a collection letter from Dyck O’Neal seeking recovery of the deficiency balance against you, and have assets that may be levied, you are at risk.

However, a new law has gone into effect in Florida not only limiting the amounts that Dyck O’Neal or any judgment creditor or lender can collect, but also the time to collect it to one year only.  However, the guidelines to be exempt from collection are strict and therefore you must qualify.

At the Law Offices of Jacqueline A. Salcines, PA we represent many property owners that are being sued by Dyck O’Neal for the deficiency balances.  Whether you qualify to be exempt from such collection, or the collection is limited or even if there is no defense, we can still negotiate the balance on your behalf to reach a settlement.  A settlement would then protect you from the garnishment of your wages or other collection activity on behalf of Dyck O’Neal.

What sets us apart from other law firm.   Before we promise you the world and take on your case, we screen you as we do not take every case that walks in the door.  Rather, we want to make sure that you qualify for what we are being hired to assist you with

No office visit is required and the phone consultation is 100% free of charge.  Call and speak to attorney Jacqueline A. Salcines, Esq. Today!

TRUST |  COMMITMENT  | RESULTS

Jacqueline A. Salcines

Jacqueline A. Salcines

JACQUELINE A. SALCINES, ESQ.
706 S. DIXIE HIGHWAY
SECOND FLOOR
CORAL GABLES, FL 33146
TEL. 305 669 5280
EMAIL: J.SALCINES@SALCINESLAW.COM

 

 

/by

STRATEGIC DEFAULT AND THE BANK OF NEW YORK MELLON

???? Vol.5 ??????Does Bank of New York Mellon own your loan?

Do you owe more than your property is worth?

Are you unable to make your mortgage payments, or have stopped paying on your mortgage for over five years?

At the Law Offices of Jacqueline A. Salcines, PA we represent property owners that are being sued by Bank of New York Mellon.  Whether you wish to be qualified for a loan modification or a short sale or a deed in lieu, we negotiate with your lender in order to get you the best result for your situation.

What sets up apart from the rest of the Florida attorneys handling loan modification and short sales?  That we qualify you BEFORE we take on your case. Before we promise you a loan modification. We want to make sure that your financial information meets the Making Homes Affordable or investor guidelines in order to take on your case.  If you want to modify, and do not have enough income, we can look for contributors or other family members that can commit to contributing part of their income.  If you want to short sale and earn too much money, this is by no means a reason for being disqualified for a short sale.

Even if the home is an investment or not owner occupied, or commercial, you can still short sale your property.

No office visit is required and the phone consultation is 100% free of charge.  Call and speak to attorney Jacqueline A. Salcines, Esq. Today!

TRUST |  COMMITMENT  | RESULTS

Jacqueline A. Salcines

Jacqueline A. Salcines

JACQUELINE A. SALCINES, ESQ.
706 S. DIXIE HIGHWAY
SECOND FLOOR
CORAL GABLES, FL 33146
TEL. 305 669 5280
EMAIL: J.SALCINES@SALCINESLAW.COM

 

 

/by

FLORIDA DEFICIENCY JUDGMENTS

short_saleUnlike many other states, in Florida, the end of a foreclosure lawsuit or short sale, where the balance of the mortgage exceeds the property value, will likely result in the Bank coming after you for the mortgage balance. This is called a deficiency balance or deficiency judgment

If the bank gets a deficiency against you, the deficiency judgment will be recorded in the public records and is collectable for up to 20 years.  In fact, even if you die, the bank can still collect against your heirs and your estate.

Any South Florida homeowner that walks away from their properties, after years of nonpayment, and thinks that the bank will get paid from the sale and will not collect against or go after them for the balance, is wrong! In fact, any South Florida homeowner that does not hire an attorney to negotiate the balance and waiver of the deficiency, is exposing themselves to likelihood that their wages will be garnished, their assets levied and bank accounts frozen.

So the time to act is now! Before the foreclosure ends! Before the short sale closes! Before the judgment is entered and recorded against you.

Whether you wish to be qualified for a loan modification, or a short sale or simple negotiation to waive the deficiency with a consent judgment in foreclosure, call or visit us today at www.salcineslaw.com

The first consultation is always free.

TRUST  |  COMMITMENT  |   RESULTS

Jacqueline A. Salcines

Jacqueline A. Salcines

Law Offices of Jacqueline A. Salcines
706 S. Dixie Highway
Second 200
Coral Gables, FL 33146
Tel. 305 669 5280
Email:  J.Salcines@salcineslaw.com

 

/by

HELPING HOMEOWNERS MODIFY THEIR LOAN AND AVOID FORECLOSURE

,

Loan Modification Green Road Sign with dramatic clouds and sky. If you are  currently having difficulty making your mortgage payments and in fear of losing your home to foreclosure, the Making Home Affordable Program has options available to assist you.  There are many new and different programs to assist a wide array of borrowers.  Whether:

 

  • Your home value has dropped
  • You are a member of the Military
  • Your are Family of Military
  • You are Unemployed
  • You no longer occupy the property
  • You are divorced
  • You are facing medical bills
  • You have a second mortgage
  • You have a reverse mortgage

and

  • You occupy the house as your primary residence
  • You obtained your mortgage prior to January 1, 2009; and
  • You owe no more than $729,750.00 on your mortgage balance

-Source –  Makinghomeaffordable.gov

The Making Home Affordable Program may offer you

  • lower monthly payments
  • lower interest rates
  • principal forgiveness and/or principal reduction
  • 40 year amortization

Not all servicers participate however.  And it is critical to make sure yours does.  This is easy to check on the Making Home Affordable Website or you can contact our office to  see if your lender participates in the plan in order to see what you qualify for.

It is also critical to find out if your loan is owned by FANNIE MAE or FREDDIE MAC. This make a huge difference in the reduction and cancelation of debt to the borrower.

Many attorneys take on any client coming in their doors to modify their loans. However, we at the Law Offices of Jacqueline A. Salcines, P.A. handle our modifications differently.  First and foremost, we use a program designed just for our firm under the Making Home Affordable guidelines to qualify you and determine your new projected mortgage payment and balance.

During the initial consultation with attorney Jacqueline A. Salcines, Esq., we will run your numbers and see whether you qualify you for a loan modification under the HAMP Program. If your numbers do not qualify you under the HAMP Program, your servicer may still participate in other in house modification programs.  We are well versed in the lender programs and can provide qualification and guidance on them.

Call today for a free, no obligation consultation with Attorney Jacqueline A. Salcines, Esq.

TRUST  |  COMMITMENT  |  RESULTS

Jacqueline A. Salcines

Jacqueline A. Salcines

JACQUELINE A. SALCINES, ESQ.

706 S. DIXIE HIGHWAY

SECOND FLOOR

CORAL GABLES, FLORIDA 33146

TEL. (305) 669-5280

DIRECT EMAIL:  J.SALCINES@SALCINESLAW.COM

/by

MAKING HOME AFFORDABLE UNEMPLOYMENT PROGRAM (UP)

If you are  currently unemployed, and having difficulty paying your mortgage, the Making Home Affordable Program has options available to assist you.  You may be eligible for the HOME AFFORDABLE UNEMPLOYMENT PROGRAM (UP) modification if you meet the following criteria:

  • You are unemployed and eligible for unemployment benefits;
  • You occupy the house as your primary residence
  • You obtained your mortgage prior to January 1, 2009; and
  • You owe no more than $729,750.00 on your mortgage balance

-Source –  Makinghomeaffordable.gov

The Making Home Affordable Program may offer you lower monthly payments, lower interest rates, principal forgiveness and/or principal reduction.  However, not all servicers participate.  It is crucial that we check to see if your lender participates in the plan in order to see what you qualify for.

During a consultation with attorney Jacqueline A. Salcines, Esq., we will run your numbers and see whether you qualify you for a loan modification under the  UP Program.

If your numbers do not qualify you under the HAMP UP Program, your servicer may still participate in other in house modification programs.  We are well versed in the lender programs and can provide qualification and guidance on them.  Call today for a free, no obligation consultation with Attorney Jacqueline A. Salcines, Esq.

TRUST  |  COMMITMENT  |  RESULTS

Jacqueline A. Salcines

Jacqueline A. Salcines

JACQUELINE A. SALCINES, ESQ.

706 S. DIXIE HIGHWAY

SECOND FLOOR

CORAL GABLES, FLORIDA 33146

TEL. (305) 669-5280

DIRECT EMAIL:  J.SALCINES@SALCINESLAW.COM

/by

MAKING HOME AFFORDABLE FOR MILITARY

, ,

Home floating on a life preserver.If you are a service member and having difficulty paying your mortgage, the Making Home Affordable Program has options available to assist you.  You may be eligible for HAMP modification if:

You occupied the property but were transferred to an out of area job causing a permanent change in station (PCS) order ;

  • You intend to return to the home at some point in the future; and,
  • You do not own any other single family real estate

 

If you do own other property, you may still be eligible under HAMP modification under an expanded rental property modification option or a short sale.

The Making Home Affordable Program may offer you lower monthly payments, lower interest rates, principal forgiveness and/or principal reduction.  However, not all servicers participate.  It is crucial that we check to see if your lender participates in the plan in order to see what you qualify for.

During a consultation with attorney Jacqueline A. Salcines, Esq., we will run your numbers and see whether you qualify you for a loan modification under the HAMP Program.

If your numbers do not qualify you under the HAMP MHA program, your servicer may still participate in other in house modification programs.  We are well versed in the lender programs and can provide qualification and guidance on them.  Call today for a free, no obligation consultation with Attorney Jacqueline A. Salcines, Esq.

TRUST  |  COMMITMENT  |  RESULTS

Jacqueline A. Salcines

Jacqueline A. Salcines

JACQUELINE A. SALCINES, ESQ.

706 S. DIXIE HIGHWAY

SECOND FLOOR

CORAL GABLES, FLORIDA 33146

TEL. (305) 669-5280

DIRECT EMAIL:  J.SALCINES@SALCINESLAW.COM

/by

WELLS FARGO TERMINATES OCWEN FROM MORTGAGE SERVICING DEAL

LET US ALL BREATHE A SIGH OF RELIEF………  Ocwen Financial Corp., the nations largest non-bank has lost its servicing rights in two bond deals, announced Thursday.  As well all know, dealing with Ocwen in both loan modifications and short sales is nothing short of exhausting.  With time frames that don’t coincide with American business practices, agents that can barely speak English and downright have very little working knowledge of the mortgage industry is characteristic of Ocwen.

“Ocwens’ regulatory troubles over its servicing practices have been well-chronicled in the last two years. Alleged servicing violations have resulted in Ocwen settling for $150 million with the New York Department of Financial Services in December and $2.5 million with the California Department of Business Oversight in January 2015.

– Source: DS News February 26, 2015.

Wells Fargo agreed in 2014 to sell $39 billion of its mortgage servicing rights to Ocwen. But nine months later, they called off the deal.  A lengthy investigation followed which found the Atlanta based service had sent backdated foreclosure notices to about 7,000 borrowers after it was too late for them to obtain loan modifications.  This led to a $150 million settlement.

Earlier this week, Ocwen announced that it will be selling its portfolio to Nationstar.

BORROWERS IN FORECLOSURE:  If you have a loan serviced by Ocwen or are in foreclosure and were provided a foreclosure notice by them, contact an attorney to assist you and fight for your rights.

We can review your documents and advise you free of charge of your rights. The first consult is always free.

TRUST |  COMMITMENT  |  RESULTS

Jacqueline A. Salcines

Jacqueline A. Salcines

JACQUELINE A. SALCINES, P.A.
706 S. DIXIE HIGHWAYS
SECOND FLOOR
CORAL GABLES, FL 33146
TEL 305 669 5280
J.SALCINES@SALCINESLAW.COM

 

 

/by

METLIFE SETTLEMENT FOR $123.5 MILLION ON MORTGAGE LENDING VIOLATIONS

METLIFE HOME LOANS has agreed to settle its claims on its mortgage lending violations for $123.5 million.  Metlife Home Loans’,  a mortgage finance company out of Irving Texas, violations stem from allegations that it violated lending regulations that contributed to the mortgage foreclosure debacle.  Under the False Claims Act, Metlife is being held accountable for its contribution  to the financial distress across the country.  It is alleged that it  knowingly “originating mortgage loans insured by the FHA and the US Department of Housing and Urban Development (HUD) that did not meet applicable requirements”.  Source – DS News Article February 26, 2015.

Pursuant to the Metlife Settlement, Acting Assistant Attorney General Joyce R. Branda stated, “Metlife Bank’s improper FHA lending practices not only wasted taxpayer funds, but also inflicted harm on homeowners and the housing market that last to this day” said Acting Assistant Attorney General Joyce R. Branda of the Justice Department.  Metlife further admitted its wrongdoing in its FHA-insured mortgage loans that did not meet underwriting requirements.

If you have a mortgage loan that originated with Metlife you may be entitled to compensation or settlement. Speak to an attorney today to discuss your options.  The first consultation is always free of charge with attorney Jacqueline A. Salcines, Esq.

TRUST  |   COMMITMENT  |  RESULTS

Jacqueline A. Salcines

Jacqueline A. Salcines

JACQUELINE A. SALCINES, P.A.

706 S. DIXIE HIGHWAY

SECOND FLOOR

CORAL GABLES, FL 33146

TEL. (305) 669-5280

J.SALCINES@SALCINESLAW.COM

 

/by