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Why Do You Need To Hire a Real Estate Lawyer When Purchasing a Home

Purchasing a home is the most significant and largest expense you will ever make. Therefore, it is crucial to have a real estate law firm by your side when going in to close the deal, as the lawyer can save you from various pitfalls and ensure a smooth buying process by taking care of all the legal procedures. Here is a list of the reasons why you need to hire a real estate lawyer when purchasing a home: Real Estate Law Firms Can Form Legal Contracts While anyone can negotiate face to face with a third party, a real estate lawyer can help you i... Read more

Short Sale VS Foreclosure: What Should I Choose?

You have to see several factors to determine whether you should let your house go to foreclosure or do a short sale. Although it is easier for some homeowners to let the bank take the property, it may not be the right thing to do in certain situations.  Irrespective of the approach you leverage, it is critical to consult a real estate lawyer and a tax advisor before making a final decision between a foreclosure and a short sale. Foreclosure Benefits Although going through a foreclosure is usually embarrassing and painful for sellers, here are ... Read more

Bad Mistakes Affects Foreclosure Defense

Facing a foreclosure can be a daunting time and you do not want to commit a mistake that may take away your chance of a successful foreclosure defense. Hiring a foreclosure lawyer is the best solution, but gaining more knowledge about the process will help you avoid making these mistakes yourself: Ignoring Communication No matter how tough your financial times are, you should never ignore the letters that you are receiving from your lender. It is a bad mistake to ignore incoming communication. Instead, you should proactively reply to it, to the... Read more

Improve Your Short Sale with These Amazing Tips

Missed mortgage payments can eventually result in a foreclosure. You will lose your property and your credit score will suffer a severe decline with a foreclosure on your record. A short sale is possible is most scenarios and can protect your financial interests. An experienced real estate lawyer in Illinois can certainly help you with achieving a short sale with the permission of your lender. Here are some excellent tips to ensure that you can proceed with a short sale in difficult mortgage scenarios. Prepare A Hardship Letter This is a letter... Read more

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