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5 Tips for a Successful Loan Modification
5 Tips for a Successful Loan Modification Earlier this month, CNBC news reported that, nationally, consumers and business owners are at greater risk of losing their assets as the number of foreclosures and repossessions have spiked. The need for payment modifications...
Bank Foreclosures & Repossessions Spike Again: 5 Tips for Requesting a Loan Modification
5 Tips for Requesting a Loan Modification Here are five tips debtors should review when contemplating a consumer or business loan modification. Bank Communications in Writing Bankers at the retail level have very limited authority to make significant financial...
Real Estate Tricksters: How Consumers Can Avoid Property Horror Stories
“Fraud is the daughter of greed” ― Jonathan Gash Federal consumer protection agencies regularly warn consumers about scams involving everything from false Ebola charities to student loan scams. But nowhere are the warnings more prevalent, and the loss of citizens’...
The Best Way to Pay Off Debt: 5 Precautions for Paying on a Negotiated Account
“Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.” - Ogden Nash It’s quite a feeling to pay down or pay off lingering credit card debt, especially after negotiating a high-balance account down to something that is more...
“Zombie Debt” Survival Guide: What to do when former debt obligations rise again!
What to do When Former Debt Obligations Rise Again! Resolving a legal or financial problem can be difficult. But imagine the surprise and frustration when a former debt obligation, retired long ago, rises again. Below are four of the common "zombie" debt scenarios...
Forfeiture vs. Foreclosure of Michigan Land Contracts: 5 Things to Consider for Seller Financing
Forfeiture or Foreclosure When a buyer defaults on a land contract, the seller can generally pursue one of two legal remedies: forfeiture or foreclosure. Both remedies have advantages and disadvantages. Forfeiture is faster, cheaper and easier, but does not allow you...
Attorney Soble Lists 5 Reasons Why You May Not Even Need an Attorney
When a legal matter arises, most people seek legal representation from a licensed attorney well-versed in law that addresses their problem. But there are no laws against pursuing a matter without an attorney, and not all matters require professional guidance. Here are...
6 Things For Debtors to Consider Once a Judgment is Filed Against Them
5 Things for Debtors to Consider Once a Judgment is Filed Against Them Recently, a $37 million default judgment against an Alabama restaurant owner was set aside by the Alabama Supreme Court. A default judgment is awarded when a defendant in a civil suit fails to...
When Debt Buyers Escalate Collection Efforts: What to Do in a Collection Lawsuit
What to Do in a Collection Lawsuit Aggressive debt buyers make big business out of purchasing and collecting on old credit card, medical, and charged-off consumer debt. California passed its Debt Buyers Fair Practices Act in part because old consumer debt accounts...
The Impact of Having An Estate Plan: 3 Reasons for Creating a Plan Regardless of One’s Station in Life
August is National Will Month. It precedes September’s National Preparedness Month and somehow, National “What Will Be Your Legacy” Month manages to fit snugly between the two. In truth, there is never a better time than “now” to be prepared and create an estate plan...
Meet David Soble
DAVID SOBLE
Real Estate & Finance Attorney