Not paying your bills can result in collections calls, penalty fees and, potentially, legal action against you. Lawsuits can lead towage garnishmentsand property liens. Debt settlement stops none of that while you're still negotiating, and it can take months for the settlement offers to begin....
Hello, I'm Scott from TurboTax with some important information about federal tax liens. You are probably aware that if you fail to pay your credit card bills or other loans on time, your credit rating can suffer as a result. But did you know that not paying your income taxes...
The costs of selling a home start with home prep, followed by staging, marketing and likely concessions, plus the average closing costs of selling, 8%-10% of the sale price. Real estate fees for sellers add up fast.
It must be voluntary, and both parties must act in good faith. The bank/lender must buy the property for at least fair market value, but will usually not proceed if that value exceeds the existing liens. There’s also the possibility of getting aloan modification, such as one through the...
Do Homes Sell for Their Appraised Value? Homes generally appraise at/above the purchase price Assuming the agreed upon price is customary and not an outlier The key to success is plenty of nearby comparable sales that reinforce the purchase price ...
It’s important to note that repos are typically deemed a last resort by lenders, as repossession involves significant effort and cost. Lenders prefer to work with borrowers to come up with alternative solutions to avoid repossession, such as restructuring the loan or implementing a payment plan....
It’s important to note that these timelines are not set in stone and can vary based on individual circumstances. It’s advisable to factor in potential delays and plan ahead to avoid any last-minute funding needs. Building a good relationship with your lender and being proactive in providing...
How Long Does a Land Trust Last? Land trusts generally last for a set period of time, such as 20 years. It's up to the beneficiary to extend the trust term when it expires. If they do not, the property is sold.17
Is a Probate Always Required? It is important to know whether a probate is required following the death of an individual. The probate process can take a long time to finalize. The more complex or contested the estate is, the more time it will take to settle and distribute theassets. The ...
Debtors do not necessarily have the right to a discharge. When a petition for bankruptcy has been filed in court, creditors receive a notice and can object if they choose to do so. If they do, they will need to file a complaint in court before the deadline. This leads to the filing ...