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Is Debt Relief a Good Idea?

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Is Debt Relief a Good Idea? If you are overwhelmed with credit cards and other types of debt, you may feel like you are at the financial breaking point. You can’t afford minimum payments anymore, the interest keeps piling up, and the amount owed never goes down. What should you do? The last thing you should do is simply stop paying; […]

The Foreclosure Process for Mortgage Holders – Lulich & Attorneys

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The Foreclosure Process for Mortgage Holders – Lulich & Attorneys The Foreclosure Process for Mortgage Holders A mortgage secures a home property loan by providing that the mortgage holder can sell the property if the mortgagor (borrower) is in default on the loan. There are specific requirements that mortgage holders must take to ensure that they follow the Florida laws on Florida foreclosures. Our seasoned […]

Chapter 7 and Chapter 13 Bankruptcy Basics – Lulich & Attorneys

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Chapter 7 and Chapter 13 Bankruptcy Basics – Lulich & Attorneys Chapter 7 and Chapter 13 Bankruptcy Basics Residents of Florida fall behind on their debts for all types of reasons. Some people lose their jobs. Many debtors have large medical bills and credit card debts. Some debtors spend more than they can afford. Divorce can make it difficult to meet expenses. Chapter 7 and Chapter […]

The Florida Foreclosure Process – Lulich & Attorneys

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The Florida Foreclosure Process – Lulich & Attorneys The Miami Herald reported last year that one in every 1,180 Florida housing units was subject to a bank warning. The warning was that late payments may lead to Florida foreclosure actions. Most Florida home buyers purchase their home, condo, duplex, or residence by obtaining a loan.  Banks and mortgage lending companies are the primary […]

Real Estate Foreclosure Process – Lulich & Attorneys

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Real Estate Foreclosure Process – Lulich & Attorneys Most homebuyers cannot afford to pay for their homes. Instead, they purchase their home by taking out a loan. To secure the loan, creditors require that the home buyer sign two documents. According to statista.com, nearly one in two hundred homes was in foreclosure in 2018. Initial default Homeowners generally are charged a late fee […]

The Fundamentals of Real Estate Financing – Lulich & Attorneys

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The Fundamentals of Real Estate Financing – Lulich & Attorneys Financing arrangements are the heart and soul of most residential and commercial real estate transactions. It is the rare case that a buyer will pay for the real estate property in cash. Real estate financing takes many forms. Most homebuyers are familiar with the concept of getting a loan and then securing that loan with […]

Florida Foreclosure and How to Avoid One? – Lulich & Attorneys

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Florida Foreclosure and How to Avoid One? – Lulich & Attorneys Most Florida homeowners obtain a mortgage to finance the cost of their house, condo, duplex, or other residence types. Homeowners are required to make a monthly payment to their mortgage company until the mortgage is paid in full. If a homeowner defaults, doesn’t make his/her monthly payment, then the mortgage generally has the right to […]