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Resolving Common Errors on Credit Reports

Pursuing bankruptcy allows people to rebuild their credit score. After all, details about a person’s credit history are easily shared with creditors. While some of us think that credit reports are always accurate, however, the reality is that credit reporting agencies make several common mistakes on credit reports. To achieve the best credit score possible, this article reviews some of the most common mistakes credit agencies make on credit reports. How to Handle Credit Reporting Errors If you[...]

Property Trends in 2020

Since 2010, many real estate trends have come and gone. For example, many homeowners were concerned about losing their homes a decade ago. Today, Millennials are the dominant force in the real estate market rather than Baby Boomers.  The following reviews some of the various trends in the property acquisition process that the most adept realtors should understand. Buyers are Seeking Affordable Markets For years, various real estate markets hit high selling prices and bubble after bubble of hot [...]

When can You Stop Paying on Debts After Filing for Bankruptcy?

If you plan on filing for bankruptcy, you are likely left wondering various questions including when you can stop paying creditors. The short answer is that you should not. Despite this, many people stop paying creditors shortly before filing for bankruptcy and use this money to pay for the bankruptcy filing costs. If you intend on filing for bankruptcy but are not sure exactly when you will do so, however, it is common to end up wondering if it is okay to stop paying your debt. While there is n[...]

Weighing the Advantages (and Disadvantages) of an Open House

  For many years, realtors have relied on open houses to gain interest in a property. Like many parts of the property acquisition process, some realtors swear by open houses and others think the process is overrated.  If you are a realtor who is considering whether there is any reason for holding an open house, the following outlines the various advantages (and disadvantages) that you should consider. Reasons to Think Twice About Holding an Open House Some of the reasons why you should thi[...]

How Bankruptcy Impacts Existing Judgments

People in Florida who have existing judgments or liens often hesitate to file for bankruptcy. After all, many of these people believe that these types of legal instruments are final and that it is too late to pursue a good credit report. This is a misconception, however. The following reviews some important information to consider about the impact that filing for bankruptcy can have on existing judgments. Impact of Bankruptcy on Pending Judgments After filing for bankruptcy, an automatic stay is[...]

Factors That Influence Property Prices

One of the most critical factors to consider when selling a property is whether it has been appropriately priced. Realtors and their clients must make sure that the best possible price is assigned to the property, but this is often not easy to do. Overpricing a property can damage its appeal, even if you decide to drop the property’s price later. Underpricing a property will result in multiple offers and dashed expectations. While there is no universal way to price a property, there are some c[...]

Four Things to do When You Owe the IRS Money

  As tax season looms, you likely have given some thought to your current financial situation. If you have encountered the problem of not being able to pay your income taxes this year, you might be considering various options, including filing for bankruptcy. While you consider how to respond to this situation, you should review the following five pieces of advice about owing the Internal Revenue Service money.  Promptly File Your Income Taxes Taxpayers who owe the Internal Revenue Service[...]

Avoiding Six Small Issues That can Ruin Property Sales

Selling a property can be a stressful and time-consuming process. While the issues that disrupt property sales are sometimes big ones, other times the issue that interferes with a property sale is quite small on its face. Realtors should understand some of the smallest issues that can ultimately end up disrupting a property sale. Missing Cover Plates Most people never have their property in perfect condition. Instead, it is common for small things to never get repaired or go missing and never ge[...]

Dispelling Five Misconceptions Your Clients Likely Have About Foreclosure

We are all aware that homes can be sold at various points during the foreclosure process. As a realtor, you might step into the process when a property remains unsold after the foreclosure process is concluded. One big difference is that the bank or financial institution selling the home will ultimately pay you the commission.  Your client, however, will likely have many questions about how exactly the foreclosure process develops. As a result, this article reviews some of the biggest misconcep[...]

Four Strategies for Rebuilding Your Post-Bankruptcy Credit

If you recently went through the Chapter 7 or Chapter 13 bankruptcy process, you likely have been left with many questions about what your life will be like now. Many people worry about their credit scores and whether they will ever be able to buy houses or motor vehicles. One of the most common things our clients wonder about is what steps they can take to improve their credit score. The following will review a few helpful steps you can take after a bankruptcy discharge to make the most of your[...]