Category: General Article Page 3 of 19

What To Do if You Are Facing Foreclosure

Sometimes, the unexpected occurs. If job loss, unexpected medical expenses, or any other money problem has left you financially stressed and unable to pay your mortgage, you are likely worried about foreclosure. Before you worry, though, understand you have options. Understanding how foreclosure works is half the battle!

Know the Process Takes Time

The foreclosure process can take up to a year. Typically, your lender will send multiple notices of your delinquent payments before sending a recorded notice of foreclosure. The company must also publicize the debt and schedule a foreclosure auction, which might not even occur. The lengthy, complicated foreclosure process means you’ll likely have time to come up with the missed payments or to find alternative housing. Read your paperwork to determine exactly which process might affect you.

Call Your Lender

Call your lender and ask to speak to the Loss Mitigation Department. Make notes of the names of people you speak to and of the conversation you have about your late payments. Next, speak to a foreclosure avoidance counselor provided by the Department of Housing and Urban Development. The counselor offers free information regarding how foreclosure works in your state, what your alternative options may be, and which financial documents you need to have on hand. Finally, let your lender know that you’re working with a counselor. It proves that you’re serious about finding a way to work through your debt and keep your home.

Research Government Programs

You may qualify for mortgage help from the federal … Read More

Need a Lawyer? These Easy Steps Will Send You In the Right Direction

Legal practice is a wide and diverse profession with professionals who run the gamut from dedicated newcomers to tried and true lifelong attorneys. Within this large group of experts available to be retained as counsel for any number of reasons there are undoubtedly some more well equipped to handle a specific situation than others. For that reason, anyone currently seeking the services of a lawyer or a firm should remember a few basic truths about the process. If you are still wondering where to turn next, keep reading for a list of common guidelines.

Make a List of Your Primary Needs

Before getting too deep in the weeds while deciding on which attorney to hire, it is important to do some self evaluation to determine exactly what it is that this legal expert will be asked to do. There are probably going to be a number of seemingly qualified candidates to take the job, but do not settle on anyone too quickly. As an example, someone searching for a slip and fall lawyer Baltimore MD will probably want someone with plenty of experience in this realm of the law and within the community. Practicing law can be very different based on factors such as the type of case and jurisdiction.

Make Relevant Expertise a Must

After reviewing the recommendations and evaluations of former clients, there will certainly be a few who rise to the top of the list. From there, spend some time figuring out which ones have more experience

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Your Ticket to a Profitable Investment

If you have money to invest, many people will advise that you turn to real estate. Even though the stock market has a lot of potential for growing your money, investing in commercial real estate generally brings higher annual returns when compared to other investment opportunities. There are four primary reasons you should look at a commercial property.

Cash Flow

Compared to residential properties, commercial real estate has a much better cash flow. If you choose to lease a multi-unit commercial location, you get a much better per square foot yield. There is an average of a 6-12% return on the purchase price.

Diversified Risk

When you lease to multiple tenants, you reduce the risk of losing any expected monthly income because of a single default. Even if you lose a tenant or two, it’s better than being dependent on just a sole tenant for income.

Work Reduction

When you lease a commercial property, you often get the added benefit of only having to work when the businesses are in operations. Business hours are usually during the day, and you reduce the risk of being bothered at all hours of the day or night for a lost key or a plumbing leak. Most commercial properties can have alarm systems and security that are monitored by a third party, reducing your workload during after hours.

Predictable Relationships

Before you secure your first tenant, contract the services of a commercial real estate lawyer Long Island businessmen recommend. While the tenant-landlord relationship is

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