How to Protect Yourself: Tips for Avoiding Mortgage Foreclosures

Contact your lender or loan servicer as soon as you realize you may have a problem and may have missed a payment. Studies show that at least 50 percent of all consumers that have defaulted on a mortgage or missed payments never contact their lender. This is a mistake. Lenders can discuss options with you to help you work through payments during difficult financial times. Lenders prefer to have you keep your home and most will work with you. Be honest with your lender about your financial circumstances. For more information about contacting your lender, refer to

Gather information. Learn all that you can about your mortgage rights and foreclosure laws in Florida. Review your loan documents to determine what your lender may do if you can’t make your payments. Review Florida laws, particularly Chapter 702, Florida Statutes and Section 45.031, Florida statutes to learn about foreclosure proceedings. Attend a foreclosure prevention information session. Information on local sessions may be available on

Contact a nonprofit housing counselor. Help and information is available to you free of cost. The HOPE NOW alliance provides a 24-hour hotline to provide mortgage counseling assistance in multiple languages. 1-888-995-HOPE. You may also obtain a list of HUD-approved counseling services in Florida at

Understand the relevant terms: If you are working with your lender or an approved housing counselor to keep your home, there are several options:

  • Reinstatement: Your lender may agree to let you pay the total amount you are behind, in a lump sum payment and by a specific date. This is often combined with forbearance when you can show that funds from a bonus, tax refund, or other source will become available at a specific time in the future. Be aware that there may be late fees and other costs associated with a reinstatement plan.
  • Forbearance: Your lender may offer a temporary reduction or suspension of your mortgage payments while you get back on your feet. Forbearance is often combined with a reinstatement or a repayment plan to pay off the missed or reduced mortgage payments.
  • Repayment Plan: This is an agreement that gives you a fixed amount of time to repay the amount you are behind by combining a portion of what is past due with your regular monthly payment. At the end of the repayment period you have gradually paid back the amount of your mortgage that was delinquent.
  • Loan modification: This is a written agreement between you and your mortgage company that permanently changes one or more of the original terms of your note to make the payments more affordable.

If you and your lender agree that you can not keep your home, there may still be options to avoid foreclosure:

  • Short Payoff: If you can sell your house but the sale proceeds are less than the total amount you owe on your mortgage, your mortgage company may agree to a short payoff and write off the portion of your mortgage that exceeds the net proceeds from the sale.
  • Deed-in-lieu of foreclosure: A deed-in-lieu of foreclosure is a cancellation of your mortgage if you voluntarily transfer title of your property to your mortgage company. Usually you must try to sell your home for its fair market value for at least 90 days before a mortgage company will consider this option. A deed-in-lieu of foreclosure may not be an option if there are other liens on the property, such as second mortgages, judgments from creditors, or tax liens.
  • Assumption: An assumption permits a qualified buyer to take over your mortgage debt and make the mortgage payments, even if the mortgage is non-assumable. As a result, you may be able to sell your property and avoid foreclosure.
  • Refinancing: While refinancing is not necessarily a good option when facing foreclosure and can sometimes even be a predatory practice, there are instances where it may help. Talk to your lender to see if refinancing is an option for you.

Avoid foreclosure prevention or loss mitigation companies. If you fall behind in your mortgage payments, many for-profit companies will contact you promising to help you avoid foreclosure. Some may even appear to be affiliated with your lender. Many also list their services on the internet and ask that you fill out a referral form online. It is best to avoid dealing with these companies. Most will charge you a hefty fee upfront for information that your lender or a HUD approved counselor will provide to you for free. You can obtain the same workout plan or a better plan for free by contacting your lender or a HUD approved counselor. Use your money to pay the mortgage instead.

Do not fall victim to a foreclosure recovery scam. If any business or individual offers to help you stop foreclosure immediately by signing a document authorizing them to act on your behalf or to set up financing for you, do not sign without consulting a professional (an attorney or HUD-approved counselor). This may be a trick to get you to sign over title to your home. You are then vulnerable to losing your home and all of your equity in your home to the so called “rescuer.”

Carefully examine your finances. Can you cut spending on optional expenses, delay payments on credit cards or other unsecured debt until you have paid your mortgage? Do you have assets that you could sell to help reinstate your loan? Can anyone in the household get a second job to help with income? These efforts to manage your finances may help you find income to apply to your outstanding payments and will demonstrate to your lender that you are willing to work on your finances and make sacrifices in order to keep your home.

For more information contact the AG consumer hotline at 1-866-966-7226 or visit for these and other helpful tips.

Florida’s New Foreclosure Law!

Yesterday, July 1, 2013, Florida’s New Foreclosure Law went into effect. The new law is supposed to provide a streamlined process for foreclosure cases. There will be less hearings (supposedly), and foreclosures that have been hanging around for years will be whipped through the system.

There is no reason to argue over the constitutionality of the bill right now as it is the law of Florida until it is declared unconstitutional. Therefore, we have been working diligently to prepare for the first case that walks through our doors.

There are a few things which consumers can say are friendly to them; however, the entire bill is slanted toward the banks and mortgage companies. I know you are shocked that the state of Florida elected officials would put a slanted bill on the Governor’s desk, but it’s true. Now, we as your attorneys are going to hold the banks and mortgage companies feet to the fire.

It is more important than ever to see an attorney if you are expecting or have just received foreclosure papers. Why? Because the failure to do so could put your on the fast track to losing your home, and I do mean the fast track! I am very interested to see how the courts will interpret the new foreclosure law. I am sure some judges will see the homeowner’s arguments as more persuasive on some points, and the creditors arguments as more persuasive on the others. I am only concerned with saving my client’s homes and/or getting them the best deal possible.

As with everything else, no one chooses to be in foreclosure, but you do get to choose your lawyer. At the Dellutri Law Group, we can analyse your current situations from several different prospectives, and we can provide you with all of your options on how best to proceed. However, we cannot help until you call. So pick up the phone and call 239-939-0900 and call us right now to set up a free consultation.

Is Bluehost A Good Web Hosting Company?

Based on Wikipedia, “Bluehost shared hosting company which is operated by Endurance International Group is among the top 20 greatest webhosts, all together web hosting more than 1.9 million website domains next to its sister companies – FastDomain and HostMonster”. Bluehost is famous for inexpensive but nevertheless top notch hosting, allowing you to even get more tasks completed.

From regular people to corporations that may be looking for full web hosting functionalities without spending a lot, Bluehost web hosting provider has proven to be a practical choice. Featuring 1.9 million domain names currently managed by the provider, this is an indication that their web hosting service plans are popular. Should you be uncertain of the Bluehost’s web hosting services, you may go ahead and try out the trial plan.

Bluehost offers a number of hosting plans to either people or companies. The variety of their hosting plans consists of the following;

  • Regular domain registration services
  • Reseller web hosting services
  • Shared web hosting services

For anyone who is spending the full price for the standard hosting service offered by Bluehost, this could cost you $7.95 a month and will include a twelve-month time frame, when $6.95 per month could include 24-month time period. This is how the Bluehost coupon at Zuziko can be very helpful not to mention valuable; rather than costing you the entire price, you could benefit from the coupon to buy the identical hosting service and deal as low as $3.95 per month!

The exact same level of quality of support is guaranteed. Essentially, you are going to continue to benefit from unlimited hosting space, unlimited domain hosting, unlimited email accounts, unlimited bandwidth transfer, as well as plenty of other useful functions

Can the Homeowner’s Association Foreclose on My Home?

A few weeks ago, I had the pleasure of attending an event called “Law in the Mall” that takes place annually during law week. It is a wonderful community opportunity where Lee County attorneys offer free advice to individuals on various topics of law. The most commonly asked question I received from individuals was whether nonpayment of Home Owner Association (HOA) fees could potentially lead to the foreclosure of their homes. Simply put, the answer is, yes.

The Five Consequences of Ignoring Foreclosure Proceedings

Failure. Fear. Guilt. I hear these words from foreclosure clients every day, and it makes me cringe. I wonder: How many good people continue to do nothing because they are paralyzed by their current economic situations and fear of losing their home? I want to know what caused your situation, and I want to help you implement a plan of action. I cannot help you, though, unless you are willing to help yourself. Waiting for government assistance is a losing proposition. Why? The government is not trying to save your home. Only you can take the first step.

Tenant Rights During Foreclosure

What are your rights as a tenant when your landlord is facing foreclosure? If you are a tenant remitting payment dutifully to your landlord each month, you assume that your landlord is just as dutiful in making the mortgage payment. Unexpectedly, however, you arrive home to find a foreclosure notice on your front door. The landlord, unbeknownst to you, has not been paying the mortgage and is in default. The bank is proceeding with foreclosure, and you are left with a myriad of questions: How will this affect me? What are my rights as a tenant? Do I have to move?

Why Did I Choose Hostgator Web Hosting?

For those who have a website either for your personal use or perhaps for advertising reasons the first and primary course of action would be to create an online presence and this is only achievable with the aid of a web hosting corporation. But keep in mind not just any kind of web hosting company will work.

After I began researching for a web host I mostly came across the name Hostgator. It has so far served over thousands of clients successfully. Hostgator offers all kinds of services like shared hosting, VPS, Dedicated hosting and reseller hosting. But before moving on to additional features it is important you know more about the company’s history.

Developed during the year 2002 by a student of the Florida Atlantic University named Brent Oxley, Hostgator has worked its way up the ladder. So with this review I will highlight the reasons as to why Hostgator is considered one of the best hosting companies in the market.

When I began with Hostgator I started off with the shared hosting hatchling plan which now can be availed at only $3.96 monthly. It’s the least expensive but offers all benefits like limitless disk storage and bandwidth. Then there are the baby and business plan which allow hosting of unlimited domains. Shared hosting is the best for newbies. has the best coupon codes including the famous Hostgator 1 cent coupon that can save a considerable amount of money if you decide to stay with them for a while.

If your company grows or you ever feel the need of an upgrade you can always switch to VPS and dedicated hosting plans which although more expensive offer impeccable advantages.

Hostgator customer support is quite remarkable. Apart from the usual chat and email methods you can also make a phone call at anytime from anywhere. Customer service team will always be there for you and help you out thoroughly. In my experience the best way to contact the support staff is through phone and if not phone then email.

In the time I have made use of Hostgator downtime has rarely ever been an issue. Yes the normal server upkeep issues and all are there but that’s rare and very short. Downtime for such issues is actually not accounted for as downtime as it is included in the remaining 0.1%. Hostgator offers an uptime of 99.9%. Credit is provided for downtime of more than 0.1%. Also speed of the servers is excellent.

If the question is whether I would recommend Hostgator the answer is a definite yes. Not only does Hostgator provide the above benefits but other benefits like an extremely user friendly Cpanel will only make your experience better and help your business shine.

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