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Unemployment Rates Increase Might Increase Real Estate Foreclosure

Unemployment Rates Increase Might Increase Real Estate Foreclosure
Unemployment Rates Increase Might Increase Real Estate Foreclosure

A Real Estate Property consist of mortgage loans and the ability to repay mortgage loans is dependent on a person’s income as well as its ability to repay. Should there be job losses and if unemployment rises, there might be an increase in foreclosures of properties. Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media. There is hope, though, that as businesses reopen, most people will become employed again soon.

Last month’s report indicated we initially lost over 700,000 jobs in this country, and the unemployment rate quickly rose to 4.4%. With the release of the new data, that number will climb even higher. Experts forecast this report will show somewhere between a 15% – 20% national unemployment rate, and some anticipate that number to be even greater (see graph below):Unemployment: Hope on the Horizon | Simplifying The Market
What’s happened over the last several weeks?

Here’s a breakdown of this spring’s weekly unemployment filings:Unemployment: Hope on the Horizon | Simplifying The MarketThe good news shown here indicates the number of additional unemployment claims has decreased week over week since the beginning of April. Carlos Rodriguez, CEO of Automatic Data Processing (ADP) says based on what he’s seeing:

He goes on to say that this doesn’t mean all companies are hiring, but it could mean they are at the point where they’re not cutting jobs anymore. Let’s hope this trend continues.
What will the future bring?

Most experts predict that while unemployment is high right now, it won’t be that way for long. The length of unemployment during this crisis is projected to be significantly shorter than the duration seen in the Great Recession and the Great Depression.Unemployment: Hope on the Horizon | Simplifying The MarketWhile forecasts may be high, the numbers are trending down and the length of time isn’t expected to last forever.

Don’t let the headlines rattle you. There’s hope coming as we start to safely reopen businesses throughout the country. Unemployment affects our families, our businesses, and our country. Our job is to rally around those impacted and do our part to support them through this time.

So, you’re facing foreclosure? One of the best options you have is to sell your house fast when facing foreclosure.
Selling a house can be a daunting process for those inexperienced in the real estate business.

However, this article will help you break down and explain all questions you might have about how to sell your house fast when facing foreclosure.

I’ll teach you how to sell a house to avoid foreclosure, how the owner can sell a house fast when facing foreclosure, how to sell your house before foreclosure and selling your house during foreclosure.

sell your house fast when facing foreclosure
What is foreclosure?

Foreclosure is a legal process which is undertaken if the homeowner fails to pay his mortgage. If you’re from Virginia Beach, have a look at my VA Foreclosure Process article to fully understand the laws and the consequences of the foreclosure process in VA.

The trick most people aren’t aware of is, that you can sell a house fast when facing foreclosure.

Here’s how.
How to sell your house fast when facing foreclosure

There are several options you have when you want to sell a house fast:

Sell with an agent at a reduced price
Sell to cash home buyers
Sell for sale by owner
Marketing sale

Sell with an agent at a reduced price

Plenty of websites will tell you how to sell a house with an agent, but not many go into how to sell with an agent at a reduced price. There are a few tricks you can consider when you want to sell your house fast when facing foreclosure.

Trick #1: Lower the commission fees

Realtors usually charge 6% or more on commission. It’s what many accept as a standard fee, however, you are often able to negotiate this fee in half.

Trick #2: Compare agent fees

Don’t go with the first agent you find just because they’re the closest to you – they might be charging fees out of this world. Instead, shop around – find someone who you feel will be willing to lower the fees and still perform an excellent job.

Trick #3: Up the value of your property

Although this might not necessarily lower your agent fees, it will help you balance it all out and keep a steady cash flow.

san Francisco sell your house fast when facing foreclosure
Sell to cash home buyers

Selling your house fast to a cash home buyer is becoming a popular option in the USA and it’s slowly spreading around the world. There are many pros that come with this decision:

Your house can be sold in a week – if you sell with Christian Buys Houses, we will aim to sell in just a couple of days if necessary.
Sell without making any repairs on the house.
Receive a cash offer within 24 hours.
Hassle-free sale.

Sell for sale by owner

There are many reasons why someone might not want to go through a realtor to sell their house:

It’s expensive.
It takes time.
It’s a gamble.
It depends on the season.

If you’re real estate savvy and an excellent negotiator, you can sell your house fast when facing foreclosure by selling it by yourself. The truth is, you can save more than 7% of the property value if you decide to sell a house by owner.

sell your house fast when facing foreclosure plan
Here’s how you can be your own real estate agent:

Put a value on your home.
Obtain a flat fee listing on the MLS
Research laws in your state.
Hold a house viewing.
Sell, sell, sell!

Please note that selling your own home is not for everyone – it requires plenty of business skill and some marketing experience.

So here’s how you should market your house to sell it fast when facing foreclosure.

‘For sale’ sign on your front yard.
List your property on reputable services such as Zillow or any newspaper ads if you’re looking for a local buyer.
Start a property auction!
Create a website for your property. Use Google Adwords to attract more users.
Put your property website in your email signature.
Promote your property on Facebook and Facebook real estate / house buying groups.
Do a tour of your house on Youtube.
Network. Network. Network.
Word of mouth – your buyer might be living next door!
Use flyers to attract locals.
Advertise at your local events.
Find property buyers in your area.
Email campaign!
Open and friendly communication with everyone you come in contact with – be AWESOME!

Marketing tips: Don’t overdo it. Make sure your reputation is positive – sometimes too much marketing can bring bad reputation to your property and it will make it harder for you to sell. The best option is always to start locally – just ask around, you never know what or who you might find in your area. For more information about preventing foreclosure, please read this article.

Finding a Good Tax Attorney Could Help you Save Money

Finding a Good Tax Attorney Could Help you Save Money
Finding a Good Tax Attorney Could Help you Save Money

It’s really important to find the right tax solicitor when you want someone to look after your finances. You need to learn how to choose the right tax solicitor to do that. Doing some work would definitely help you figure out what things to look for while you are recruiting the right tax attorney. Then you’ll know exactly what question to ask the aspirants for the position you are offering. If you’re doing your research, you’ll also know what kinds of references you need to search for when you want the best tax lawyer. It is in your interest to make sure that the investment that you make is worthwhile. The following are tips for finding a good tax attorney that can help you save money for your family.

Undergraduate Education

You should make sure that you complete your undergraduate degree if you intend to become a tax attorney. A tax attorney can have an undergraduate degree, and no particular degree is listed as a prerequisite. However, choosing a degree that will aid in the law school and in their tax career will be a good choice, too. Accounting, economics, business, and finance majors are common undergraduate degree choices that aspiring attorneys opt for. Holding good grades in your undergraduate degree is significant. Grades have a big effect on whether law schools accept you or deny you.

Law degree

With an undergraduate degree in hand, you can apply for admission into the country’s law schools. To become a lawyer, you’ll need to graduate from any of the country’s accredited law schools. There are no law schools specialized in law. Nonetheless, you can opt for a number of classes and familiarize yourself with the tax issues.

Licensing

You will need a license to practice as an attorney after you graduate from Law school. This license is only issued after you take the bar examination for the state from which you intend to practice. Depending on the jurisdiction, the length of the bar examination can range from two to three days. Before you can appear for the bar exam, you should go through a preparation course for the bar exam. This course usually lasts approximately six to eight weeks.

Enrolling as an agent

You will have to follow the related IRS plan if you want to be a candidate before the IRS to become an Enrolled Agent. This is an IRS-designed three-part Special Enrolment Program that will cover individual that corporate tax returns. You will have to meet professional guidelines and take 72 hours of instructional classes once every three years to remain an enrolled student.

Ask for referrals

You are likely to have a relative, family member, or acquaintance who has already employed a lawyer. Ask the person about their avocado experience. If the experience has been good, ask for a referral. Even if the lawyer typically doesn’t do similar cases to yours, he can refer you to an associate who does.

Use a Lawyer Directory

While some online directories do not screen the lawyers appearing in their pages, a variety of reputable repositories are available. For example, for over 130 years, the Martindale-Hubbell directory has made available it’s listing of lawyers. Every prosecutor is classified by his peers. Additionally, you can scan their database by area of specialization using the West Group Legal Database. Such directories will play a significant role in locating a well-suited lawyer to support you.

Referrals

Use a referring service search with the website of the local state bar to find a referral service for the lawyer. To assess the sort of legal skills and experience you may need for your circumstances, they may interview you. Next, you should be referred to a lawyer approved by the State Board, who has the correct experience. The attorneys you are referring to will be in good standing with the relevant State Bar Association, as well as meet a set of minimum requirements.

Qualification

No special qualification is needed for exercising as a lawyer. A few lawyers, however, get state certifications to allow them to advertise themselves as tax lawyers. The solicitor must pass an examination to receive the credential from the department. The other conditions are that the tax attorney must have served in tax law for a number of hours. Many states have specialist taxation tests that lawyers can use to improve their qualifications.

The Best Lawyer For Your Needs 

The legal system can be both overwhelming and frustrating. The morass of laws and legal precedents will make the uninitiated feel utterly powerless. A well-trained lawyer can be key. We will give you clarification about your circumstances. They are going to evaluate your case to assess possible results in court and using the tips above to find the right lawyer and recruit them for your particular legal needs.