Originally published on rismedia.com by Jeff Ostrowski Since the coronavirus pandemic began in March, millions of homeowners have taken the federal government up on a generous proposal, one that lets borrowers skip mortgage payments for up to a year with no penalties. But in an unusual twist, more than a million borrowers in forbearance have reportedly continued to make their monthly mortgage payments despite the free pass. U.S. Bank, one of the few lenders to disclose deta

Originally published on themreport.com by Mike Albanese The Consumer Financial Protection Bureau (CFPB), the Federal Housing Finance Agency (FHFA), and the Department of Housing and Urban Development (HUD) launched a new mortgage and housing assistance website . The website was developed to ensure homeowners and renters have the most up-to-date housing assistance information during COVID-19. The agencies are offering extensive CARES Act assistance and protection for Ameri

By David Bauer Whether you are buying or selling property, you are likely to hear the term “escrow” come up many times during the course of your real estate transaction. To protect your interests, it is crucial that you know what escrow is and that you have a basic understanding of how it works. In this article, our Miami-Dade real estate lawyer explains the most important things you need to know about escrow in Florida. Escrow: Understanding the Basics In the most simple

Finally, you’re done with all the overwhelming parts of the home buying process, what’s next? Well, the only thing preventing you from moving into your new home is the closing. If this is your first time buying a home, you are probably wondering what the closing is and what exactly it entails. So, to help you prepare for this anticipated day, let’s take a look at what happens at the closing of a home: What Is the Closing of a Property? Also known as settlement, a closing is t