Tag Archives: Buyers

Law Firm Provides Cost-free Bankruptcy and Debt Seminars To Buyers

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Dallas, TX (PRWEB) December 15, 2011

Numerous people uncover the bankruptcy procedure to be confusing and overwhelming, but it does not have to be. As 1 of the area’s top bankruptcy law firms, The Lee Law Firm (http://www.leebankruptcy.com) has expanded their spectrum of solutions to include free of charge, informational seminars. Customers organizations, special interest groups, employers, monetary advisers and neighborhood organizations can take benefit of quite a few seminars aimed at providing valuable data about the bankruptcy procedure.

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The totally free presentations are aimed at offering far more information on a range of bankruptcy topics such as the basics of the bankruptcy method, how to prepare for bankruptcy, bankruptcy guidelines and life soon after bankruptcy. These presentations are informative and written in a way to help just about any individual that is interested.

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Christopher Lee, owner of the firm, understands monetary hardships. He grew up in a blue collar family members on a farm in rural Indiana exactly where his childhood experiences led him to becoming a lawyer so he could help these struggling with debt and economic hardships. This bankruptcy practice has given me the opportunity to directly effect the lives of a lot of folks, says Lee. He also enjoys “being there when folks want me and possessing the capacity to make factors far better.” Christopher takes his duty as a lawyer seriously and finds pride when a client “reaches that coveted result.”

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As a prior partner of one particular of the biggest bankruptcy firms in Texas, Allmand &amp Lee, Christopher began his own practice to give a massive firm experience and professionalism with the flexibility and affordability of a modest firm. Christophers firm has carried out specifically that for Tarrant county residents and he now desires to give all residents of Dallas-Fort Worth that same, customized and compassionate service. He has successfully handled thousands of Chapter 7 and Chapter 13 situations and knows all also nicely how the bankruptcy approach can intimidate folks.

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The Lee Law Firm specializes in bankruptcy and mortgage loan modification perform. Their mission is to supply the greatest representation at the very best cost, assured. The law firm gives an Aftercare Plan aimed at assisting clients rebuild their life and receive a fresh start right after bankruptcy. Christopher notes, Rebuilding credit right after bankruptcy isnt just the clients difficulty, it is our problem also, and he intends to stand by his shoppers every step of the way.

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Several of The Lee Law Firm’s past customers can attest that the overall sense you is that you are a member of their own loved ones. We focus on acquiring to know our customers and the nature of their issues, and then supply the very best and most sound legal guidance attainable, says Christopher.

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A 2003 graduate of Texas Wesleyan University School of Law, Lee is a member of the National Association of Consumer Bankruptcy Attorneys, the Dallas County Bar Association, the Tarrant County Bar Association, and the American Bankruptcy Institute. He is also a longstanding member of the American Bar Association, as effectively as the Tarrant County Young Lawyer Association, the Dallas Association of Young Lawyers, and the American Customer Bankruptcy College.

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Related Loan Modification Services Press Releases

Buyers Give Merit to Use of Housing Counseling Business to Avoid Foreclosure

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Columbia, SC (PRWEB) June 18, 2005

What can a borrower do to avoid foreclosure sale of the property if they have failed at a bankruptcy program or do not have all of the monies requested by the creditor?

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This release offers testimony from 5 courageous property owners who have been able to successfully avoid foreclosure sale of their homes by means of housing counseling services supplied by Save Your Property, Inc.

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Dianna Rumph’s residence was scheduled for sale on June six, 2005 after she fell over a year behind because of extreme wellness issues. “My mortgage organization did not want to accept my down payment and Save Your House had to make contact with the HUD office in Oklahoma to get the lender to assessment my file beneath HUD guidelines”, mentioned Rumph, of Orangeburg, SC. “My loved ones would be out on the street nowadays if it weren’t for Save Your Property and I thank them from the bottom of my heart.”

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Save Your Property is a national foreclosure prevention business that was founded by Herbert Addison, JD, CHC and Michael Taylor, Sr. Mr. Addison is a certified housing counselor and a member of the Virginia Association of Housing Counselors. Specialist housing counseling includes developing spending and savings plans and skillfully negotiating with lenders. They are also co-authors of How to Save Your Home, ISBN# 09753754–7, $ 19.95, SYH University, LLC, 2005, which is on sale at Amazon.com and has received an “Excellent” rating from bookreview.com.

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“We are the only foreclosure prevention business in the nation that has published a do-it-oneself-guide for the homeowner. It is not about the income, it is about the mission,” Taylor mentioned. “Our mission is to provide monetary literacy education to buyers with regards to wealth creation and homeownership retention.”

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1 cause for their passion is since of previous personal financial experiences that parallel their clients’. Mr. Addison agreed to disbarment following 3 years of litigation with the SC Bar. He would be eligible to rejoin the SC bar in 2007. In 2002, Mr. Taylor agreed to a two-year suspension from the SC Real Estate Commission which is now complete.

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“I virtually lost everything in 2002 and share my story of hardship in our book”, said Addison. “We really understand the emotional and psychological distress that the homeowner is experiencing simply because we have also been in foreclosure and have a passion for assisting them to succeed.” said Taylor.

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William Cost-free, III of Orangeburg, SC lost his property to a foreclosure sale in November of 2004. “My lawyer recommended me to Save Your House and they worked with the lender to set aside the foreclosure sale and to take less money than what was owed so that I could get a loved ones member to repurchase the home” said Free.

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When asked about 7 complaints against their business filed with the SC Division of Consumer affairs, Mr. Taylor responded that they had supplied service to 1543 buyers in the Midlands and more than three,000 nationally. “ Seven is much less than a single-half of 1% of the clients served by our company in this location. For those consumers who are prepared to dedicate themselves to a spending and savings program, the achievement rate is about 90%.” “Though our dedication is to excellence, it is imposible to satisfy absolutely everyone” Taylor added.

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Joe Caton of Service Management, a major magazine focusing on default management verifies that Taylor and Addison are best specialists in the field of loss mitigation. “Mike and Tony have been crucial note speakers for ABN-AMRO last year to discuss bankruptcy and default problems,” Caton mentioned.

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Mr. Lewis Whitener of Columbia, SC has also come forward to tell his story. “They got the job completed for me” mentioned Whitener who received a loan modification from Midland Mortgage in June 2005 to quit foreclosure action against his property.

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Walter McCloed of Kingstree, SC agrees. He was over $ ten,000 behind on a loan with Choose Portfolio Solutions and had a sale date scheduled on June six, 2005. “The sale was stopped and all I had to come up with was a $ 1,500 down payment to get a repayment program.” McCloed stated. Mr. Addison and Mr. Taylor had been extremely encouraging, skilled and walked me by means of the whole process.”

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Save Your Home’s housing counseling plan also worked for Awni Abuaita of Columbia, SC. “I employed the service to save my credit with a deed-in-lieu of foreclosure when my payment became also high,” said Abuaita.

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Even though some might believe that foreclosure can’t be stopped with proper housing counseling, 5 customers have come forward to categorically prove otherwise. In addition, mortgage lenders have long recognized that loss mitigation saves houses and recognize Taylor and Addison as “rising stars” inside this location.

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Texas CPAs Offer Advice for Home Buyers and Sellers

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Dallas, Texas (PRWEB) May 09, 2013

If youve been waiting on the sidelines to purchase a home, or to put yours on the market, has the time for action finally arrived? The American Taxpayer Relief Act of 2012, the law that addressed fiscal cliff issues, helped clarify some of the answers to that question. The Texas Society of CPAs offers perspective on provisions of the act that relate to the real estate market and on other things to consider when making your decision.

The Mortgage Deduction Endures

The final negotiations in Congress at the end of last year answered several important questions, including whether home owners would continue to be allowed to deduct mortgage interest from their taxable income. The new law does not eliminate that deduction, and thats a positive development for home owners because their tax bite could have expanded significantly otherwise. At the same time, many aspiring first-time homeowners might have found it harder to afford mortgage costs without this deduction. In addition, the final deal also preserved the deduction for the cost of private mortgage insurance, which is used by buyers who are making less than a twenty percent down payment. Loss of either of these deductions could have made some waves in the market for both buyers and sellers.

Short Sales Are Still on the Table

The new law gave a one-year reprieve to homeowners whose homes are underwater, those whose mortgage is greater than the current value of their home. Under a previous tax rule, homeowners who received loan modifications or engaged in short sales did not have to pay taxes on that debt relief, but that provision expired at the end of 2012. The new law extended that relief for one year, adding some stability to the real estate market and potentially making it easier for struggling homeowners to hold on to their properties and avoid going directly into foreclosure.

Uncertainty Remains

Both buyers and sellers should keep in mind that there is still a great deal of uncertainty about the economy, which can have a major impact on the home market. When contemplating any significant financial step, remember that its always a good idea to review your financial position to determine if its the right thing to do. Be sure to turn to your CPA for help with this process.

Have Your Finances in Order

When it comes to home ownership, knowing youre taking the right step involves ensuring that you have the right budget for the property youre considering. As a general rule, mortgage costsincluding not only your mortgage principal and interest but also taxes, insurance and related monthly feesshouldnt add up to more than 30% of your income. You should also determine if there are any problems with your credit score or history that might prevent you from getting a loan. As part of the process, you may also want to contact a lender and get pre-qualified for a mortgage amount so that you have a realistic sense of what you will be able to borrow. When you research neighborhoods, remember that good school systems can help keep home prices strong, so find out about the quality of the school district even if you dont have kids.

Talk to Your Local CPA

The decision to buy or sell a home is a significant one. Before you take this big step, consult your local CPA. He or she can offer advice on the tax and other issues related to home ownership and provide information and insights on all your financial concerns.

About TSCPA

TSCPA (http://www.tscpa.org) is a nonprofit, voluntary, professional organization representing Texas CPAs. The society has 20 local chapters statewide and has more than 28,000 members, one of the largest in-state memberships of any state CPA society in the United States. TSCPA is committed to serving the public interest with programs that advance the highest standards of ethics and practice within the CPA profession.