Raleigh Bankruptcy lawyer Damon Chetson announced today that his firm has launched a new and expanded website focusing on bankruptcy issues for people living in Raleigh, Cary, Apex and the rest of North Carolina.
Since the economic downturn in 2008, the United States has witnessed a record number of bankruptcy filings, said Mr. Chetson. The weak economic recovery means that people are still considering bankruptcy as an option to help them escape from mountains of debt.
“Our new website is plan to provide exact and helpful information to people who may be considering filing bankruptcy under the United States Bankruptcy Code,” said Mr. Chetson. “Even if you decide not to file, we hope the information provided at least assist you understand your options.”
Most individuals file for bankruptcy under Chapter 7, also known as liquidation bankruptcy, or Chapter 13 where they pay back some of the debt owed under a bankruptcy plan.
“Bankruptcy can eliminate all or some dischargeable debt,” adds Raleigh criminal lawyer Damon Chetson. “Bankruptcy is one of the few ways to potentially stop foreclosure and save your home.”
The new website also features a quick bankruptcy calculator that allows visitors to see whether bankruptcy might be a viable option.
“Filing a bankruptcy petition is not something that should be taken lightly,” aforesaid Mr. Chetson, a Raleigh criminal lawyer. “If you wish to registering bankruptcy, you should consider consulting with a bankruptcy attorney about your financial situation.”
With explanations on how to defend against abusive debt collectors, how bankruptcy impacted student debt, tax liens, and secured debt, how to get a copy of your free credit account, and how you can potentially save your home, the website seeks to supplying a comprehensive resource for people facing fiscal difficulties.
*** Disclaimer: The Chetson Firm, PLLC helps people file for bankruptcy protection under the United States Bankruptcy Code. This article is not meant to replace the advice of a bankruptcy lawyer. If you have questions about your particular case, seek the advice of a bankruptcy attorney. The Chetson Firm, PLLC practices law in the state courts of North Carolina and in the federal courts of the Eastern District of North Carolina.
Good homes go quick, and Just Listed helps the home buyer find a home fast without any hassle. – Just Listed Chesapeake Real Estate, Homes, and Condos for sale on Twitter is an easy and free tool for the potential home buyer to see all properties/neighborhoods as they immediately enter the market.
This an important value to the home and condo buyer as the market continues to improve good real estate for sale will go fast. Being a ready and able buyer provides an advantage.
Just Listed Homes for Sale show up automatically on Twitter via an IDX (MLS) real estate feed and updated in real time. This allows for the Chesapeake home and condo buyer to ?bookmark? the page or sign up for tweets from the Just Listed Twitter site. Home buyers may visit the “Just Listed” website for additional information.
Just Listed on Twitter allows the home buyer to receive updates on their mobile phone or smart device and instantly see the real estate for sale.
The potential real estate buyer may then obtain enhanced and detailed information about the property including, REALTOR
The Federal Housing Finance Agency (FHFA) is directing Fannie Mae and Freddie Mac to streamline their short sale timelines in order to help more homeowners avoid foreclosure. John McGeough and Anthony Lamacchia, co-brokers and owners of McGeough Lamacchia Realty, believe these improvements in communication timelines between servicers and borrowers will significantly improve the short sale process.
In a news release dated April 17, the FHFA outlines new requirements for short sales including the requirement that mortgage servicers review and respond to requests for short sales within 30 days from receipt of a short sale offer.
?I applaud Fannie and Freddie for finally coming retired with real guidance with real world timelines for their servicers. There is no question that this will help short sales and the market as a whole,? says Anthony Lamacchia, co-broker and co-owner of McGeough Lamacchia Realty. ?I?d also care to recognize the National Association of Realtors for their tireless effort in getting the FHFA to address these releasing with getting short sales approved.?
In the past, lenders have been slow to responding to short sale offers which has frustrated both home buyers and distressed homeowners. Buyers will now get a quick response when they make an offer on a short sale home, and distressed homeowners will be able to move out of their homes into more affordable house sooner and avoid foreclosure.
There?s been a lot of pressure recently for banks to improve response times for short sales. In February of this year, Senators Lisa Murkowski (R-AK), Scott Brown (R-MA), and Sherrod Brown (D-OH) introduced a bill, the ?Prompt Notification of Short Sales Act,? which requires bond lenders to make a prompt decision on whether to allow a short sale at the request of a home buyer. The charging is currently awaiting referral to committee.
These new communication timelines apply to both Home Affordable Foreclosure Alternative (HAFA) poor sales and regular short sales. They do not guarantee more HAFA short sale approvals, however. HAFA short sales are available for mortgages that are owned or guaranteed by Fannie Mae and Freddie Mac. McGeough Lamacchia Realty says the problem is Fannie Mae and Freddie Mac have been immune to approving HAFA short sales.
?HAFA has become a great success with loans owned by big banks such as Bank of America, GMAC, Wells Fargo, and Chase, etc., but it?s clear that Fannie and Freddie seem to do everything in their power to deny borrowers from HAFA short sales every day,? says John McGeough, co-broker and co-owner of McGeough Lamacchia Realty. ?We have seen countless cases of borrowers being denied for HAFA when they have a Fannie or Freddie Mac backed loan but we know for sure they would have been approved if it were owned by someone other than Fannie or Freddie.?
McGeough Lamacchia Realty believes that while the guidelines may not increase HAFA short sale approvals, they are a step in the right direction in making short sales easier and will help more people avoid foreclosure.
Short sales are better than foreclosures for distressed homeowners, banks, and communities. Distressed homeowners can transition from a home they can no longer afford more easily through a short sale. Short sales are better for banks because they yield more revenue for banks than foreclosures. Short sales are also better for communities. The homes stay occupied since they go from homeowner to homeowner, and the average selling price for a short sale home is higher than for a foreclosed home, which helps stabilize the neighborhood?s home values.
According to the new guidelines, loan servicers will now be required to: Provide weekly status updates to the borrower if the short sale offer is still under review after 30 calendar days; Review and respond to requests for short sales within 30 calendar days from receipt of a short sale offer and a complete borrower response package; Make and communicate final decisions to the borrower within 60 calendar days of receipt of the offer and complete borrower response package.
The new guidelines will go into effect for new short sale evaluations conducted on or after June 15, 2012. But servicers are encouraged to implement these guidelines sooner.
About McGeough Lamacchia Realty:
McGeough Lamacchia Realty is the number one Real Estate Agency in Massachusetts and named one of the Top 100 Real Estate Teams by the Wall Street Journal in 2010. They are a full service real estate agency specializing in short sales serving Massachusetts and New Hampshire.
http://www.shortsalene.com
For more details on the New Short Sale Guidelines, visit the Short Sale New England Blog
Attorney Michael H. Raichelson, attorney with offices near Los Angeles and Ventura, was able to save the debtor’s home from foreclosure while preserving $ 140,000 worth of equity for the debtor. According to Ventura County public records, a foreclosure sale was schedule to occur on January 12, 2011 on the debtor’s home, which would have wiped out over $ 140,000 of equity the debtor acquired in her property located in Thousand Oaks, California. On January 10, 2011, the Law Offices of Michael H. Raichelson filed an emergency Chapter 13 bankruptcy petition in the Central District of California Bankruptcy Court. The case number is 1:11-bk-10355. This Chapter 13 bankruptcy filing stopped the foreclosure sale and provided the debtor with some much needed breathing room.
According to the Bankruptcy Court’s records in case number 1:11-bk-10355, a short term hard money loan had matured and the debtor was required to pay in excess of $ 97,000 or lose her home to foreclosure. Court records indicate that the creditor filed an objection to the debtor’s Chapter 13 Plan, as well as a Motion to lift the bankruptcy stay which, if successful, would have allowed the creditor to conclude the foreclosure sale. After receiving the debtor’s opposition brief and hearing the argument of the debtor’s counsel, Michael H. Raichelson, the court denied the motion, thus saving the debtor’s house. The creditor subsequently filed two more objections to confirmation of the debtor’s Chapter 13 Plan. According to the Bankruptcy Court records, the Court set an evidentiary hearing as to the appropriate interest rate. Michael H. Raichelson confirmed that the creditor finally agreed to lower the interest rate by over six percentage points rather than face a stiff opposition by debtor’s counsel. Also, the creditor acknowledged that the Court was going to stretch out repayment of the balloon payment over five years and as a result, entered into a stipulation allowing for this treatment in the debtor’s Chapter 13 plan. Michael H. Raichelson indicated that this is a clear win for this debtor. Court records confirm that the debtor’s Chapter 13 plan was confirmed in December 2010 after 10 months of hearings.
The Law Offices of Michael H. Raichelson already makes quality bankruptcy information, news, articles, and resources available to the public through its Web site at http://www.cabkattorney.com. The site contains a complete list of on line bankruptcy resources, explanations regarding California bankruptcy exemptions, information on asset protection, and methods for eliminating your second mortgage through bankruptcy.
Attorney Michael H. Raichelson, owner and operator of the Law Offices of Michael H. Raichelson, is a former senior associate with a national law firm. He has counseled thousands of individuals and businesses regarding their debt problems and solutions, and, he has been selected as a Super Lawyer by Thomson Reuters – as republished in Los Angeles Magazine – confirming that he is in the top five percent of all attorneys in the Los Angeles? area. He is dedicated to providing solid representation to his clients during the bankruptcy process and helping them to rebuild their financial life after bankruptcy.
For more information regarding Chapter 7, Chapter 11, and Chapter 13 bankruptcies, visit the Law Offices of Michael H. Raichelson.
Borrowing upwards of $ 4000 can be accomplished in under 10 minutes from the comfort without a credit check according to financial website, ReallyBadCreditOffers.com. The site has announced that the recommended bad credit loans have been increasing significantly in recent months.
New offers have been made available for bad credit score burdened consumers that make getting approved for a loan as easy as filling out a few basic questions and directing the lenders as to where the money can be deposited.
?With the cost of living rising, gas prices through the roof, and food costs creeping ever higher, people are finding it more difficult every day to confidently pay their bills,? said Ariel Pryor, analyst with the site.
These loans require borrowers to be a U.S. citizen, over 18 years old and to be employed or be able to provide proof of income.
Following the applicants approval, the money is wired directly into the borrowers account and the money can be used at their discretion.
Most commonly, according to the website, these bad credit loans are used for:
Avoiding late fees and penalties
Paying for essentials like groceries or utility bills
Emergency bills
Avoiding foreclosure or repossession
Ariel added, ?Getting money fast can often make the difference in emergency situations.?
Visitors to the website are encouraged to browse the recommended personal loans offered. In addition, the site provides a number of free resources to help people recover from bad credit including a free learning center, calculators, cost analysis and repayment resources.
The caring people at Real Prompt are national homeowner protection experts and were just featured on ABC, CBS, The Boston Globe, The San Francisco Chronicle, and many business journals and daily news magazines nationwide as they continue to halt foreclosures all across America. Real Prompt is home of Program HR3648, a nation-wide program which offers free services and solutions to homeowners to help them avoid foreclosure hires six more employees and continues aggressive growth strategy with plans to hire additional staff.
?With more than 10 million homeowners likely to default on their mortgages over the next few years, the market is driving demand for knowledgeable real estate professional that specialize in short sale services and solutions,? stated Jeremy Bowman President and Founder of Real Prompt. TruDocs, a short sale assistant division of Real Prompt provides free short sale processing, training and support for real estate agents, mortgage servicers, and attorneys.
?As Real Prompt continues to grow our focus remains on providing exceptional customer service and complimentary short sale training to our agent partners while expanding of our homeowner outreach program (Program HR3648),? adds Wood Davis Vice President of Marketing.
Joining Real Prompt includes Jason Benedict, Director of Online Marketing & Public Relations;Adam Brake, Territory Fulfillment Specialist; Patty Del Valle, Short Sale Assistant; Steve Harper, Short Sale Assistant; Tracy Mora, Partner Support Specialist, and Nicole Sabetta, Short Sales Manager.
Jason Benedict, Director of Online Marketing & Public Relations
Benedict will focus on driving awareness through multichannel marketing, public relations, social media and content management and creation.
Adam Brake, Territory Fulfillment Specialists
Brake is a bi-lingual communication specialist who?s primary objective is to identify and qualify agent partners to assist distressed homeowners nation-wide.
Patty Del Valle, Short Sale Assistant
Del Valle will facilitate short sales between the lender and the listing agent, ensuring a successful, accurate, and positive client experience.
Steve Harper, Short Sale Assistant
Harper will expedite short sales between the lender and the listing agent, ensuring a successful, accurate, and positive client experience.
Tracy Mora, Partner Support Specialist
Mora, formerly with Bank of America, will work closely with agent partners to provide coaching, customer service, operational support and successful partner solutions.
Nicole Sabetta, Short Sales Manager
Sabetta will oversee day-to-day operations of all short sale processing and procedures to ensure the overall success of agent partner strategies.
Having expanded its staff by 250% within the last six-months is evidence that RealPrompt is experiencing high growth and continuous demand for their services.
About Real Prompt
Real Prompt Real Estate Services (Chandler, AZ) is an innovative short sale servicer that has revolutionized a FREE nation-wide program which provides real estate agents and brokers with all of the leads, tools, technology, training, assistance and short sale processing needed to help distressed homeowners avoid foreclosure. Through its two main divisions Program HR 3648 and TruDocs, Real Prompt, has helped over 4,000 homeowners find alternative solutions to foreclosure. For more information, visit http://www.RealPrompt.com or call 1.800.915.1988.
Jason Benedict
Real Prompt Real Estate Services
Director of Online Marketing & Public Relations
1.800.915.1988 Ext: 225
Jason.Benedict (at) RealPrompt (dot) com
“We Support The H.O.M.E. Foundation”
About The H.O.M.E. Foundation:
The Helping Others Means Everything, or The H.O.M.E. Foundation, is a not-for-profit organization dedicated to helping our Family of Charities. Frankie Verdugo, President of The HOME Foundation, wants to help as many worthy charities as possible as they struggle during these tough economic times. Frankie Verdugo helps raise funds through luxury dream home raffles, home giveaways, prizes, and high profile celebrity events in Hollywood… “Our mission is to help charities reach their fundraising goals and to bring awareness to their praiseworthy causes.” Please visit our 2012 Dream Home Raffle Giveaway at: http://www.HOMEFoundationRaffle.com and http://www.facebook.com/HOMEFoundationRaffle.
The commercial real estate market throughout the Northern Illinois region is in the midst of a steady but slow recovery. One sector that is anything but sluggish today is the multi-family market.
Investors continue to sink their dollars into multi-family properties across the Chicago area because these buildings remain among the top-performing assets in the region. According to sales statistics compiled by Midwest Real Estate Data, LLC, sales of buildings with five or more rental units totaled 348 properties in 2011, an increase of 27 percent over 2010. For the first quarter of 2012, sales in this property category were 14 percent higher than a year earlier.
As for apartment rents, Reis Reports estimates that the Chicago area will see an average annual increase of 3.9 percent during the next four years and a vacancy rate that will decline to just 4 percent from a current level of 4.6 percent. Landlords should benefit from both trends.
Kelly Dyson, an agent with RE/MAX Professionals Select in Naperville, Ill., agrees that strong demand for rental housing does not appear to be a short-term phenomenon. Dyson, like other RE/MAX agents, points to the high number of residential foreclosures and short sales as one major reason for the strength of the multi-family sector.
When people lose their homes to foreclosure, renting in a multi-family apartment community is often the best choice. Homeowners who avoid foreclosure by completing a short sale ? selling their home for less than they owe on their mortgage loan ? also often choose to rent in a multi-family property.
“Multi-family properties will remain strong until we see short sales and foreclosure sales significantly reduced,” said Dyson, who anticipates that demand from would-be renters will remain robust for the next five to seven years. During that period, he expects investors will be eager to purchase rental properties, whether in the form of an apartment complex or just single units.
According to RE/MAX agents, the housing market today is creating more renters for two major reasons. For those who have lost their homes to foreclosure, it will to take five to seven years before they qualify as a home buyer again. In other cases, tighter mortgage-lending standards have encouraged continued renting by a growing number of consumers who would have been buyers during the days of the housing boom.
?Many consumers have to rent until they can get their finances in order to qualify for a mortgage loan,” said Joanne Levicki, managing broker of RE/MAX Unlimited Northwest in Crystal Lake and Algonquin.
Levicki said that demand for rental housing is high enough to convince some investors to consider building new apartment complexes, something that hasn?t happened much in recent years. It also contrasts with the broader commercial real estate market today, where new construction is quite limited.
Investors who want to acquire an existing multi-family property are looking for certain amenities, according to Levicki. They want properties located close to highways, public transportation and busy shopping areas and situated in highly ranked school districts.
Most of all, investors want to purchase apartment properties that will provide a high rate of return.
The criteria they use should be familiar to anyone who has searched for a new home, Levicki said.
“Multi-family investors seek certain key attributes that will allow them to charge the highest amount of rent. Those are the same attributes that make specific homes attractive to buyers,” observed Levicki.
Dyson, from Naperville, agrees. Investors look at location first when determining which apartment property they want to purchase. It?s a priority that benefits Dyson because of his location in the Naperville and DuPage County market, an especially strong area for multi-family properties.
“The tenants seem to be very dependable here,” Dyson said. “Employment is a little stronger. This makes it quite attractive to operate a rental property here.”
Investors also want to do as little work to their new multi-family investments as possible. They want apartment complexes that have already been renovated and that feature modern kitchens and higher-end appliances. Again, these are many of the same features that buyers look for in single-family homes.
RE/MAX has been the leader in the northern Illinois real estate market since 1989. The RE/MAX Northern Illinois network, with headquarters in Elgin, Ill., consists of 2,100 sales associates and 110 individually owned and operated RE/MAX offices that provide a full range of brokerage services throughout the northern one-third of Illinois. Its http://www.illinoisproperty.com and http://www.remax.com websites are leaders in consumer visits among real estate franchise brands. Its mobile search, m.illinoisproperty.com, allows users to conduct real estate searches on any mobile device with Internet access. The northern Illinois network is part of RE/MAX LLC, a global real estate organization with 88,000 sales associates in 89 nations.
Mortgage relief scams are on the rise
In exchange for an advance fee of several hundred dollars, these companies claim that a homeowner can use their audit findings to stop foreclosure, speed loan modification, reduce mortgage debt or — in some cases — cancel the loan entirely. Read more on ksl.com
Carlyle's big-name IPO may not generate big gains
In fact, investors are more likely to take an interest in the initial public offering of small retail clothing chain Tilly's Inc. a day later, though that won't stop a likely media frenzy over everything Carlyle, a storied name on Wall Street. Read more on MarketWatch
RE/MAX Select Properties, a Northern Virginia Real Estate Company, is gearing up for another successful year of contributing their time, money and resources to the communities in which they live and work. Soliciting a little extra help, in an out-of-the-box way, has already got them off to a great start in their efforts to donate food to the Loudoun Interfaith Relief program in 2012.
Recently, RE/MAX Select Properties agent, Kyle Davis solicited the help of friend/extreme couponer, Lisa Schleffer of Ashburn, who used $ 90 in coupons to purchase a retail value of $ 245 worth of food to donate, a total of 225 pounds. In 2011, the office and its members donated over 6,000 pounds of food to this respected organization, which provides emergency food assistance to any person or family in need. This year, RE/MAX Select Properties is setting out to double last year?s donation and give 10,000 pounds of food to help those who rely on the program.
Agent, Kyle Davis said, ?Through the extreme couponing efforts of my friend Lisa Schleffer, she was able to almost double our food donation to the Loudoun Interfaith Relief. Lisa, REMAX Select Properties and I thank you from the bottom of our hearts! You ROCK!?
In addition to their regular efforts to help local home buyers and sellers avoid foreclosure, sell their homes and buy their dream homes, RE/MAX Select Properties agents have also contributed to the Salvation Army, Susan G. Komen, Walter Reed Wounded Warrior Program, Loudoun Holiday Coalition, The Good Shepherd Alliance, Rally for Ryan golf tournament, Ladies Board Rummage Sale and the Kurt Lange Memorial Scholarship golf tournament, among others.
RE/MAX Select Properties has more than 50 Associates serving Loudoun County. To see a list of all RE/MAX Select Property?s listings, to find a real estate professional and for more information on their fundraising efforts visit http://www.myselectproperties.com or follow us on Facebook and Twitter.
About RE/MAX Select Properties, Inc.
RE/MAX Select Properties was founded in 1987 in Sterling, Virginia by Jim and Phyllis Stakem. It has grown to a network of over 50 Sales Associates in three offices throughout Loudoun County, VA. RE/MAX Select Properties has the highest per agent annual production of any real estate franchise in the Northern Virginia Area.
RE/MAX is proud to help raise money and support charitable organizations like, Susan G. Komen Race for the Cure, Children?s Miracle Network and The Loudoun Interfaith Relief.
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