Tallahassee Real Estate Blog

October 4th, 2010 1:08 AM

As reported in the Wall Steet Journal and other news sources, some major lending institutions are putting foreclosure filings on hold as law enforcement investigates whether banks accurately processed and filed thousands of foreclosure documents.  JP Morgan Chase and GMAC (now Ally Bank) are 2 lenders suspending foreclosures and hold mortgages for Tallahassee real estate owners.   

WARNING - If you are facing foreclosure, or have been notified of foreclosure proceedings against you, this does not mean your foreclosure suit has gone away.  If there are no flaws, or flaws are corrected, foreclosure proceedings against you will be restarted.  You should seek professional assistance at the earliest possible time.  Contact us to discuss your options for loan modification or short sale possibilities.  We can also put you in touch with local Tallahassee real estate attorneys who can provide legal advice regarding foreclosure defense and defficiency judgments should the need arise.

We are here to help Tallahassee homeowners avoid foreclosure  -- 850.445.2476    


Posted by Terance Keenan on October 4th, 2010 1:08 AMPost a Comment (0)

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