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What is a Mortgage Modification and Does it Hurt Your Credit?
If you’ve been experiencing financial difficulties and have been unable to make your mortgage payments, you only have a few options available to you, especially if you want to stay in your home. One of the most appealing ways to address the problem is to seek a modification of the terms of your loan with your lender. But doing so is not necessarily a slam dunk. While a modification will lower the amount of money that you are required to pay each month, there are some cases where pursuing this step might have a negative impact on your credit rating. …Read More ➡
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What a Short Sale Seller Needs to Know
For homeowners who are unable to keep up with their mortgage payments, there are only a few options available. If you are in this position, you may have been told that a “short sale” could work for you. Before diving in, make sure that you fully understand what a short sale entails and what it means for you in the short term and for the long-term. A short sale offers you the opportunity to avoid foreclosure by selling your home for less that the amount that you owe on your mortgage. In order to pursue a short sale, you need …Read More ➡
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What is a No-Fault Divorce?
Divorce represents the irreparable breakdown of a marriage. Though each partner is likely to blame each other for the marriage falling apart, in most cases they also both agree that the time has come – or at least that they want to find the easiest route to freeing themselves of the legal process. Fortunately, both the state of Pennsylvania and the state of New Jersey offer the opportunity to file for a “no-fault” divorce. This process permits both spouses to consent to the fact that their union is irretrievably broken and avoids the process of assessing blame within the court …Read More ➡
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What Happens During a Foreclosure?
Foreclosure is the term used to describe what happens to a property when the borrower who purchased it fails to make payments on the loan that they agreed to. In the majority of home and commercial sales, a person who is considered the owner is — in fact — only a borrower. They have paid a percentage of the home’s value and agreed to pay the balance over a period of time to a lender. This agreement is what is known as a mortgage. The goal of having a mortgage is to allow people to acquire a piece of property …Read More ➡
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How to Get a Green Card
If you are a non-U.S. citizen who wants to obtain permanent residence in the United States, what you need is a document known as a green card. A green card is officially called a Permanent Resident Card, and it got its nickname from its green color. It provides the ability to live and work in the U.S. It also provides the ability to apply for and qualify for citizenship after spending a few years in the country. Most green cards are provided to people who are related to U.S. citizens or other green card holders, though many others are issued …Read More ➡
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Can You and Should You Appeal A Speeding Ticket?
There are some people who have never gotten pulled over for speeding in their lives, and if you are one of them, then you’ve also never felt the unique jolt you get when you know the blue lights flashing in your rearview mirror are there because of you. If, however, you have been pulled over and you are debating whether to simply pay the speeding ticket or fight it, there are a few things for you to consider. The first is that when you pay a speeding ticket, you are doing more than making an involuntary contribution into the local …Read More ➡
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Can a Real Estate Law Attorney Help With HOA Problems
Homeowners Associations Homeowner Associations, or HOAs, are increasingly popular in newly built communities. Though most people associate them with townhouse or condominium communities, they can also exist in developments. Though the intention of an HOA is to benefit the community by establishing rules and regulations, many people find the rules imposed on them objectionable or overly burdensome. If this happens to you, you may want to contact a real estate law attorney to see if they can help. The rules that govern an individual HOA do not arise out of thin air. In most cases, they are established by the …Read More ➡
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Most Common Type of Car Accident
Car Accident Attorney What’s the first thing you think of when you hear that there’s been a car accident? Do you picture a fender bender or a head-on collision? A rollover or a sideswipe? A lot of your mindset is going to be based on your own personal experience, but statistically speaking, there are certain types of car accidents that happen more frequently than others. The most common type of car accident in the United States is the rear-end collision. According to the National Highway Traffic Safety Administration, rear-end collisions top the list as the most common type of car …Read More ➡
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Bankruptcy: What Type is Best for Individuals?
Filing For Bankruptcy When you’re facing debt that you can’t get out from under, it is time to investigate filing for bankruptcy. Though many think of bankruptcy as a failure, it offers significant opportunity for individuals to get a fresh start and eliminate significant stress and challenges in their lives. There are many different types of bankruptcy available, but really only two that are appropriate for individuals. Those are Chapter 7 bankruptcy and Chapter 13 bankruptcy. The most important difference between a Chapter 7 and a Chapter 13 bankruptcy is that the former leads to complete elimination of dischargeable debts, …Read More ➡
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What To Do If Your Bankruptcy is Dismissed
Bankruptcy You’ve filed for bankruptcy, and already your life has improved immeasurably. The automatic stay that was put in place has stopped the constant stream of collection notices and phone calls that you had been receiving, and that simple fact has significantly improved your quality of life. But a filing is not the same as a completed bankruptcy proceeding, and there is always the chance that your debts will not be discharged, and your case will be dismissed. Bankruptcy dismissals generally happen as a result of problems with the process. Let’s take a look at the most common reasons they …Read More ➡
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