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When financial difficulties make you unable to pay your mortgage, you are sure to be looking for a solution to stop losing your home in a foreclosure. In such times, you become susceptible to fraudulent individuals and organizations claiming to save your property through different methods. What you need is a real estate lawyer for help.
When you face such a problem, the reasons may be numerous – a sudden employment loss, death in the family, or any such others. The additional financial burden of mortgage just adds to your difficulties. Here are a few dos and don’ts that could help at such a time.
Do stay away from individuals and organizations that -guarantee’ no foreclosure. There is no such guarantee available. If someone claims to offer you this, in all probability you are walking into a trap.
Do not pay any upfront fees to anyone. If someone calls you or contacts you and asks for a -fee’ to stop your foreclosure, be very wary. No legal professional practicing in Illinois would do this; neither would they ask you to pay without doing anything.
Do keep in touch with your lender or lending institute. Communication with your lender/lending institute is important. Make sure you have a single point of contact. You could also ask your lawyer for guidance in this regard.
Do enquire regarding the programs available. You can contact your lender/lending institute directly to ask if there are any programs for homeowners who cannot pay up. You could also ask your Chicago real estate lawyer about federal and state programs.
Do not sign any document without proper understanding of what it contains. Whether it looks like a legal document or is a deed to transfer the title to your property, never sign anything without consulting a legal practitioner.
Do make a financial plan and keep essential documents ready. If you have no idea about your income and expenditure, you would never be able to work out a loan modification plan. Talk to your lawyer about creating the right plan suitable for you.
Do get help but from the right professionals. You sure need help to deal with this situation, but not from fraudsters. Opt for lawyers specializing in real estate and financial planning to handle this task properly. Check their qualification, certification and experience before you ask them for help.
Awareness is the key to avoiding loan modification frauds. Examine and analyze the resources before you start using them. This way it is possible to avoid shady means and methods for preventing foreclosure.
If you are searching for an Atlanta based criminal lawyer, or divorce lawyer, or the lawyer practicing personal injury, tax, civil rights etc., Atlanta Lawyer is one of the authentic lawyer resource that can show you the way.
A homeowner who is unable to keep up on their monthly mortgage payments can apply for a refinance, but if they are behind on their payments they may be turned down. Loans that carry a low interest rate are appealing to every homeowner, but not everyone who is buying a house can qualify for refinancing. The banks take into consideration the amount of equity in a home as well as calculating the mortgage insurance that is required on a conventional FHA loan. Although interest rates are low there a lot of owners who do not qualify for the refinancing options that can make paying their mortgage easier each month. An option that is open to many homeowners however is a modification to the existing loan. Through a lawyer a Las Vegas loan modification provides an alternative to refinancing that makes it easier to manage the mortgage payments.
An Alternative to Refinancing
A modification that is negotiated through a lawyer allows a homeowner to reduce their interest rate or extend the term of their mortgage contract. The result is a lower monthly house payment that makes it easier to manage all of the household expenses. Owners who have been in the same house for some time, but who have lost their equity due to the housing market collapse may be able to modify their loan by extending the term of the loan back out to 30 years. The balance that remains on the original loan is spread out over a longer term which allows the bank to lower the monthly payment. Interest rates that have dropped substantially over the past five years also allow an owner to adjust their current rate and see the savings that comes from paying less interest on their current loan. Because the banks are only willing to work with attorneys the only way to find debt relief is to contact a lawyer who can negotiate with the bank. Throughout Las Vegas, loan modification lawyers are helping people to manage their money by restructuring their mortgage without refinancing.
At The Schwartz Law Firm, our Las Vegas bankruptcy attorneys handle most types of bankruptcy filings on behalf of clients who are facing excessive debt, foreclosure, garnishment of wages or the failure of a small business. For Las Vegas, loan modification, contact us today! ()
There’s an abundance of money-making opportunities on the internet. My Money Fish is the latest opportunity causing an online storm. The program was developed by Matthew Getty. If you haven’t joined yet, you’re probably wondering if it’s a scam or legit. I have been a member since late December and I feel I have to give a critical ,but unbiased review of My Money Fish.
For your monthly $9-95 fee, you have access to over 3000 products. These include Ebooks, videos and software. You get the right to sell them on your own website or blog. Just install a PayPal button. These products are excellent and in demand. The authors/creators are wellknown business leaders and thought-leaders. You will have access to the greatest minds of all time. You will have the keys to your own goldmine.
The compensation plan:
Members are expected to recruit at least 5 members. If you manage to recruit only 2 members, the forced matrix will place additional members on your downline. The forced matrix appeals to the lazy side of human nature. The site spillover is coming from the aggressive marketers who already filled their matrix. In time it’s very possible to earn $11110 per month. This is recurring residual income.
I love the products, compensation plan and support. Matthew and his team are quick to respond to your emails. They always inform you of the latests developments.
During December the site experienced a lot of downtime. This could be attributed to the changing of servers. My Money Fish were the victims of an unethical hosting service. Somebody sent one spam complaint to the owners of the hosting service. They decided to pull the plug, thereby forcing My Money Fish to find another server abroad.The site was offline for almost 5 days, making the recruiting of new members impossible. Since they have been using the new server, the site never experienced anymore downtime. Due to these problems the launch was scheduled for 1 February 2010.
The launch did happen on the scheduled date. If it was a scam the website would not have come back online. Unethical entrepeneurs have the tendency to run away with all the accumulated money. Matthew Getty did not run away with our money. He is still in business and My Money Fish is growing at an unprecedented pace. Do yourself a favor, become part of this honest opportunity today. It will change your financial destiny forever. Give your family the life they deserve.
NFIB and WIA to Provide Better Protection for Wine Investors
Millions of Britons enjoy drinking it and many now see it as a long-term investment. Unfortunately, fine wine has also become a focus for fraudsters who trick investors into buying wines or vineyards that bear little resemblance to what they see in the prospectus, or may not even exist. The increasing number of such rorts in Britain has led to calls for action to be taken to protect investors and to increase consumer confidence in fine wines. In the upshot, the UKs National Fraud Intelligence Bureau (NFIB) is joining forces with the newly-formed Wine Investment Association (WIA) to tackle the problem.
On 14 February 2013, the NFIB and the WIA jointly announced the launch of the new self-regulatory body which will aim to transform the growing wine investment industry by providing better protection for investors in the UK. The WIA has been formed by leading figures from the fine wine investment industry and seeks to support the sector’s growth through voluntary regulation, establishing best practices and setting up processes to identify fraudulent activity.
Director of the NFIB, Det. Supt. Dave Clark, said: “Fraudsters will always follow the money, wine investment is just the latest in a long line of investment opportunities that are being exploited and corrupted to the detriment of the industry as a whole. He added that the NFIB sees the creation of an auditable framework of self-regulation as a step towards maintaining and increasing consumer confidence, while also identifying investment companies which do not operate in accordance with the required high standards.
New Code to Tackle Wine Investment Frauds
Following an extensive consultation period, the WIA has set out the standards and procedures with which its members must comply to remain in good standing. Under the new code of conduct to be drawn up, wine investment firms will undergo stringent audits by accountancy firm Mazars. These will include checks on systems such as stock rotation and to make sure that purchase orders and invoices tally. The director of the WIA, Peter Shakeshaft, revealed that companies which successfully complete the independent audit process commissioned by the newly-formed regulatory body will bear a WIA logo offering consumers a trustworthy safety kitemark. Shakeshaft added: Our industry has been held back far too long by unscrupulous practitioners and issues around fraud. The WIA will really hold the industry to account.
Perhaps one of the most challenging career and employment situations imaginable takes place every single day when individuals serving in the military prepare to move from military service to a new career. This involves thousands of motivated government employees who at first glance should have absolutely no trouble in obtaining an appropriate job. It is hard to imagine any prospective employees who would have more motivation to work hard and succeed in whatever they do.
Despite initial appearances, military personnel are currently experiencing a high unemployment and underemployment rate. Perhaps because of this or outdated assumptions about the value of all forms of college education, the first step in military transition to business careers is often a decision to obtain a college degree. This can prove to be the right move in some cases, but it can also become an expensive mistake.
The difference between education and training is frequently misunderstood by many people, and such misunderstandings probably contribute to a disproportionate percentage of career choices focusing on educational institutions instead of more specialized (and much cheaper) career training programs. While advanced education has a special place for specific purposes and goals, it is simply not the best career choice in a surprising number of cases. One of the best possible illustrations of this dilemma occurs when someone is departing from the military. In this situation, education can appear to be the “easy” decision. But with more scrutiny, training frequently emerges as the “smart” decision.
Just as specialized business training is usually one of the most cost-effective strategies available to small businesses, the selection of a practical career training program will often prove to be a more cost-effective military transition alternative in comparison to other options that include lengthy and expensive university studies. It is true that the most viable and appropriate training choices will require some investigative time and effort to evaluate thoroughly. In large part this is due to the fact that colleges and universities have extensive marketing resources to advertise and persuade while the less well-known training opportunities are more of a “word of mouth” situation.
For example, one of the most effective career training situations devotes no resources whatsoever to advertising and lobbying. In this case the program leads to a small business finance consulting career. Because overhead is much less than the highly-capitalized universities, the cost of such services are understandably much less. Unfortunately it is not always true that you get what you pay for, so a prudent military transition will require due diligence from start to finish.
Stephen Bush has provided candid business advice to small business owners for over 30 years. He specializes in business negotiating and business proposal writing. Steve offers career training programs for small business finance consulting throughout the United States and Canada. He is a U.S. Navy veteran who works directly with individuals leaving military service and helps with the transition to a small business career.
Bank owned properties are very popular types of home foreclosures especially among investors and buyers who are prudent in their real estate purchases. This is primarily because bank foreclosures are known to be the safest foreclosures investment since banks can deliver lien-free titles to the buyers. Aside from this, you can also buy a lot of bank properties that are significantly priced below market value. But since the real estate market is becoming tougher due to the rising demand for cheap properties for sale, finding the right property is only half your task.
Prepare Your Documents
When submitting offers for bank owned properties, it is important that you submit complete documents. Purchasing bank foreclosures entail a lot of paperwork and to gain an edge in real estate investing, you have to cut corners where you can. An incomplete document or a missed out detail can cause your papers to be stashed underneath piles of other offers from other interested buyers.
Sometimes, the banks REO manager will need to get in touch with you to clarify some information or detail contained in your application. You have to be ready to answer these questions as soon as possible. If you are not able to respond swiftly to the banks call, it is likely that other bids will be given preferential treatment over yours. If you find that you need help in responding to the banks communication requests, you may hire a qualified real estate agent or broker to handle your responses.
Do Not Haggle
While banks, in some instances, may be willing to shoulder some repair cost, it is a settled rule that you do not make any request from the bank to handle repairs or any other additional cost until after they have accepted your offer. This is to ensure that when bidding for bank owned properties, you do not make any move that may be interpreted as a premature assumption on your part. To say the least, banks get turned off when they sense a buyer who is more eager to drive hard bargains than to close the deal.
Apart from losing your property, a foreclosure may also mean a negative impact on your credit score. How do you prevent this from happening? Sometimes, financial problems may lead to failure in mortgage payments that inadvertently lead to foreclosure. In such a situation, a mortgage modification may be an effective solution.
How do you approach this? It is necessary to get advice from a real estate attorney to handle it properly. He/she would have in-depth knowledge of the Illinois laws relevant to the matter. The following tips could help if you are trying to get a modification to the mortgage plan.
Plan every detail. Initially, this was available for homeowners in default, for a period of 90 days. However, nowadays, this is not a requirement. If your financial situation seems grim, it is better to plan even before you actually default on your loan. This gives you enough time to prepare for it.
Get legal advice. Consulting a real estate attorney in Chicago can be of immense help. A legal professional specializing in loan modification may help you with the planning and negotiation. Moreover, he/she could also help you find out the actual lender, whom you have to negotiate with to avoid foreclosure.
Gather all relevant documents. You would need to provide your lender adequate details pertaining to your financial situation, especially the income and expense details. Therefore, you need to gather documents like your pay-stubs, income tax return, savings and other assets, second mortgage or other credit and so on.
Prepare the hardship letter. This helps the lender understand the reason you got into the financial mess. Explain the details of your situation, and the reasons for it, in simple and lucid terms. Do not exaggerate or fabricate. Do not write a very long letter (no lender would have the patience of going through a five page letter).
Negotiate with patience. You can do it on your own if you have enough knowledge and experience. Get your attorney for help if you are not very confident. Do not settle for an amount that you would be unable to pay. Negotiate with the lender in the presence of your attorney. Still better, let the attorney do it on your behalf.
Finally, do not opt for an attorney who asks for upfront fees. You may be in for a shock as many such services are fraudulent. Choose a reputed and reliable legal advisor to prevent the foreclosure.
If you have come across any legal issues and do not know what to do and whom to ask, exploit this Houston Lawyer Directory to hire a professional lawyer to deal with your case.
People are always looking for some new investment sector as per their risk appetite. Yeah many times wrong investment can burn all hard work into ash. So, after having a big recession and still Europe economic crisis on the go one always look for safe investment. In last decade one sector has outperformed in an all recession and it is wine investment and fine wine investment.
Before doing any investment there is certain thing which is very important to take care to be safe and secure. One must have to identify some risk factors and all. So first step is to decide on which sector you want to invest then how much amount, and would you like e o one amount or you want systematic investment plan.
Timing of investment is also plays a big role in high return on investment. The most important point is that when you are investing, the time is very important; its totally depending upon current market condition. If you have analysis of market condition you would opt for wine investment. Look at the statistics for wine investment In UK, before a decade, fine wine portfolio was around 10000 and after decade it is almost 50000.
Wine investment will not have adverse effect if any economic crisis happens globally. As we can see in last recession wine investment standout and gave high return. So one can easily say wine investment can give return even in recession. In last 10 years wine investment has given 900% return which is really impressive and attractive.
Cult wines Ltd is the leader where you can get the rarest wines at very competitive rate and if anyone wants to go to the most safe and secure investment than will preference go to the Cult Wines Ltd also Cult Wines Ltd provides solutions for sourcing, investing, storing, selling and consuming Fine Wine of any kind to the investors or for any type of businessman. Cult Wines Ltd provides the fined tuned portfolio mainly designed for high capital growth and accounts and regulated mostly at warehouses. Cult Wines Ltd mainly deals with active foreign and domestic holdings and if any beginner wants to invest in the market than no safe investment except in wines and Cult Wines Ltd where you will get higher returns on investments and also provides the portfolio management services.
So far by this information I hope one can easily take decision for wine investment and Cult wines ltd can help you to build right wine portfolio.
Chyten Educational Services was founded in 1984 by Neil Chyten who believed that every child deserved an opportunity to reach their highest potential. Using customized programs for students based on their individual needs, the education franchise has provided test preparation and specialized tutoring services for the past 25 years and his franchise is one of the fastest growing supplemental educational businesses in America.
According to Neil Chyten, who serves as the company’s president, what sets his education program apart from similar franchises is Chyten brings a whole new style curriculum, individualized one on one tutoring by tutors who all have at least a masters degree and teaching experience.
“Our name has become synonymous with the word ‘excellence’ in the areas we serve,” says Chyten. “Having been exposed to many different educational programs, I am convinced that highly qualified and experienced teachers can make a real difference in students lives which is why we only employ tutors with a minimum of a master’s degree and who also have prior teaching experience.”
Chyten believes these standards for teachers give his franchise a competitive advantage over other education programs with lower standards for instructors, and the franchise is beginning to expand across the country as the demand for quality education services continues to grow.
Chyten Educational Services began offering its franchise in the fall of 2007 and has seen positive results from its program. The company is actively seeking new franchisees to share in their commitment to providing quality education programs.
“Chyten franchisees can take advantage of all the years of hard work we have put into developing the concept,” explains Chyten who also stresses he has the only franchise model of its kind in the education industry. “Having uniqueness is a key ingredient in selecting a franchise concept.”
Chyten also believes it is important for potential franchisees to find a concept that fits their personality and style. He says that good candidates for a Chyten franchise are those who possess good people skills, good communication skills, and individuals with a strong work ethic who have a belief in the value of education. “We look for people who have a real desire to give back and help others reach their true potential,” says Chyten.
Franchise fees for the Chyten concept cover all necessary startup needed for new franchise owners according to Chyten including site selection, lease negotiation, and training. Royalty fees are applied to offset the support costs once the franchisee is up and running.
The Chyten education franchise offers a third party financing program to cover leasehold improvements as well as some equipment. Franchise locations can typically be in business within 90 to 120 days.
TANNAN’S BANKING LAW AND PRACTICE IN INDIA- is a classic legal Treatise and most comprehensive, authentic, authoritative, widely acclaimed,appreciated, recognised and recommended masterwork on the Banking Law and Practice in India since decades, to be precise since 84 years of thefirst edition of this most prestigious book in 1926.
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