In return for NACA’s free assistance. Ambroise, 16 months behind on the mortgage for her West Palm Beach home, got an interest rate reduction through NACA when it visited earlier this year. "They.
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One of the biggest housing relief programs under the Obama administration has. that they had turned to in hopes it would save them from their mortgage troubles.. the foreclosure case, but only pauses it, allowing the bank to restart proceedings.. A foreclosure sign in front of a home in Miami, Florida.
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The simple answer is that the mortgage comes with the house, says Stuart F. Ebby, a lawyer and real estate. While deciding what to do, it's important to keep the loan current.. Your heirs get the property free and clear.
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(see Florida bankruptcy exemptions) Even if your property is not fully exempt, you will be able to keep it, if you pay its non-exempt value to creditors in chapter 13. However, some of your creditors may have a “security interest” in your home, automobile or other personal property.
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