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One of the most popular categories of fraud is the Contractor Fraud(also known as Home Building Fraud or Home Renovation Fraud). This term applies to the illegal practice of renovating, reforming, repairing, rebuilding personal property by misrepresentation of services, inflation of costs and project remuneration. It is usually practiced by small firms, or incredulous individuals that guarantee quick repairs for low prices. Generally, those repairs and upgrades are unnecessary, or even harmful for your property.
Do not forget that not all the contractors are con-artists – most of them are honest workers, but still be careful with all the warning signs that we will mention below and make sure you do everything possible to protect your budget and your property.
The process of adopting a child was always very sensitive from the economic and legal point of view, especially when it comes up to intercountry adoption (when the child lives in a different country). In this case, the Immigrant Law plays its role, making the whole situation even harder. Everyone going through this procedure has to deal with Hague Convention, and the best decision that a potential parent can make before starting the process – is to hire a professional adoption lawyer that will assist you in your case. But first, let’s have a deeper insight into the concept of “Hague Process”.
So you made your life-changing decision to buy a house. Now it is the right time to take a step back and decide whether it is reasonable to make this kind of decision right now. Buying a home is a complex process that requires a big amount of time, money and patience.
Here are some questions that are absolutely necessary to be asked before the purchase:
Is My Credit Report Good Enough?
It is extremely important to check your credit report and score. The first thing lenders want to know is how much of your monthly income goes towards debt payments (debt-to-income ratio). This ratio is expressed in a percentage of your personal debt. Luckily, you have the possibility to check online your credit. According to the law, you’re allowed to receive one free copy of your credit report per year, by clicking here. Do not hesitate to check your report for mistakes, because even the small ones can cause rejection. Continue reading →
A home is often a most valuable possession of a family. Buying a house is very stressful and when you finally got a mortgage on the home you want, you never think that you’ll ever loose it. But you never know. Few choose to remain without their houses voluntary. Yet, if you miss your mortgage payments, you may lose your home through foreclosure.
Foreclosure is a process by which a party (bank, mortgage lender, etc.) who has loaned money secured by a mortgage or deed of trust on real property or is the owner of an unpaid judgementforces the sale of the property to recover principle balance due, plus unpaid interest and all costs associated with the foreclosure after the debtor fails to remedy the default on the loan.
Every three months, 250,000 new families enter into foreclosure;
One child in every classroom in America is at risk of losing his/her home because their parents are unable to pay their mortgage;