These days many Florida homeowners own homes with mortgages that are underwater, meaning that they owe more on their mortgage than the home is worth. And while this is tough for any homeowner, many couples who are underwater and facing divorce, are also wondering what their options are. It turns out, they are much the same as many others also facing mortgage problems.
It's very sad, but with thousands of homeowners struggling and fearing foreclosure, there are also a number of scams out there that are preying on people's financial situations. And while last week Google announced its decision to get rid of a number of mortgage modification scheme advertisers, this week Yahoo and Bing also announced the same plans.
It's almost that time of year again: holiday shopping time. In fact, for many Floridians this Friday is the official kick off to gift buying. And while for some people credit card debt may already be a problem, for others this is the perfect time of year to make a plan to avoid future debt problems.
Many Florida residents may be familiar with the deep-dish pizza chain Giordano's. And while the company filed for Chapter 11 bankruptcy about 10 months ago, it was recently announced that an investor group has acquired the company.
In today's day and age, one of the main concerns surrounding the topic of debt relief is how people are supposed to financially afford going to school. Should they take out expensive student loans for a degree and risk not being able to pay it back? Or should they have a more pay-as-you-go approach, which could end up taking years and year to complete?
Dippin' Dots: They're the little micro beaded ice cream orbs that so many of us know and love from malls, amusement parks and sports arenas. And while the company has been in business since 1988, it seems that the frozen treat company -- Dippin' Dots Inc. -- has run into its own financial struggles. Last week the company filed for Chapter 11 bankruptcy.
Naples Bay Resort, a four-star Florida hotel, is reportedly facing an unwanted Chapter 7 bankruptcy. An involuntary bankruptcy petition has been filed by its creditors, and a temporary trustee has been appointed. A final decision as to whether the involuntary bankruptcy will proceed will be made shortly.
Two years ago, President Obama instituted the Home Affordable Refinance Program, also known as HARP. It had been hoped that four to five million homeowners would benefit from the available mortgage modifications. It was expected that the program would provide for much needed debt relief to millions of homeowners in the form of lower monthly mortgage payments for those homeowners struggling financially.