If you have clients facing a potential foreclosure, help them help themselves by assembling the following, as suggested by the Federal Housing Administration.
Ideally, responsible, risk-based subprime lenders provide access to credit for prospective home owners with poor credit scores. However, lenders are considered predatory when their practices, although legal, are not in the best interest of the borrowers.
U.S. citizens lost $680 million to identity theft scams in 2005, according to the Federal Trade Commission’s Consumer Sentinel database. Here's a list of some of the more common scams.
The possibility of environmental problems or other stigmas relating to a property can stop a transaction cold. Try these strategies to reduce the threat of liabilities from stigmas.
In a free market, anything can happen. But if something seems too good to be true, it may be fraud. Not recognizing the signs of fraud can kill a sale and embroil you and your client in legal action if a fraudulent sale closes.
Emily Doskow, a part time small claims court judge and a legal editor at Nolo (www.nolo.com), shares these tips for making your day in court a happy one.
