Foreclosure
If you find yourself facing a commercial foreclosure, it can be a daunting and overwhelming experience. Commercial real estate transactions have high stakes for all involved parties. Once the deal closes, buyers often have an obligation to pay the lenders if they have obtained financing. If something goes wrong during a commercial real estate transaction,…
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Your decision to purchase a commercial property is a momentous one for you. Quite a bit is at stake when you have taken on this large purchase. Hopefully, you could negotiate terms to make the deal successful for you. Besides the property’s purchase price, one of the most crucial things you must negotiate is the…
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You must understand your legal rights before, during, and after a foreclosure to protect your financial interests. One valuable resource to consider during this challenging time is a real estate lawyer. By consulting a lawyer, you can gain valuable insights and guidance on exercising important rights, including how to proceed with claiming surplus funds from…
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The foreclosure process does not always end when the bank takes your home after you fall behind on payments. You still have a contract with the bank, and a financial relationship may survive the foreclosure sale. You may still owe the bank money if your property is underwater. However, the bank may also owe you…
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You may be entitled to some money after your home has been foreclosed on and sold in the open market. You can legally obtain surplus funds from the foreclosure when they are available. However, it is your obligation to claim these funds and pursue them. Even if the trustee sends you a check to your…
Read MoreBecoming a homeowner is something many aspire to. No one ever expects that they will need to file for bankruptcy or be foreclosed upon when they purchase their home. However, sometimes foreclosures happen. There are many reasons that may not even be your fault entirely such as job reduction or personal injury that has left…
Read MoreIf you have just sold a home through the foreclosure process in Florida, you might have a bunch of questions about the process. There is a lot that happens very quickly during these kinds of home sales, and many homeowners are not aware of the sales process from start to finish. There could be surplus…
Read MoreWith the cost of housing skyrocketing, it can be tempting to many people to consider foreclosure purchases and auctions as the ideal way to get into a great home for a great price. This can be true, but there are some facts that you should know about this process before you embark on it. Foreclosure…
Read MoreHigh student loans, housing costs, and medical expenses leave many struggling financially. Luckily, there are a number of options to choose from if you find yourself in this situation. Bankruptcy and foreclosure are two of the most common options. Both are fact specific, paperwork intensive, and vary from case to case. If considering relief through…
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