How an Attorney Can Help During a Foreclosure

 

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Foreclosure
Image: bankrate.com

Owner of a law office in Palm Beach, Florida, Henrietta Feldman is a real estate attorney. With clients in Florida and Massachusetts, Henrietta Feldman specializes in residential cases, including foreclosures.

Many people assume when they are facing a foreclosure that they are definitely going to lose their home. However, with the right help from a real estate attorney, it may be possible to avoid this eventuality. One of the ways an attorney can help with a foreclosure is if your loan officer or lending institution didn’t follow appropriate procedures at some point during the foreclosure process. A foreclosing party is required by law and by legal agreements to follow specific steps. An attorney can look into the circumstances and let the homeowner know if a mistake or mistakes were made.

When involving an attorney in a foreclosure case, the entire process will slow down for the homeowner. As soon as an attorney is involved, the legal department at the mortgage company will have to get in contact with the attorney. During this process, it may give the homeowner a chance to catch up on their finances.

Additionally, an attorney can try to negotiate a payment plan with the lender to allow smaller payments so the homeowner can catch up more easily. Although an attorney won’t always be able to help, they often have a better chance of getting a mortgage company to listen to them than the homeowner.

Reasons to Get a Home Appraisal

 

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Home Appraisal
Image: mortgage101.com

A graduate of Cornell University and Boston University School of Law, Henrietta Feldman has practiced real estate law since 1999. Working with both commercial and residential clients in Florida and Massachusetts, Henrietta Feldman reviews and documents transactions such as leases, purchases, inspections, and appraisals.

Determining the fair market value of a home is an essential step in the process of home buying and selling. A qualified, state-licensed appraiser evaluates the home’s age and condition, as well as its future marketability and selling prices of nearby homes, to accurately determine whether the home’s selling price is fair. A home appraisal may be necessary in order to refinance a home, or to determine if a loan’s remaining balance has fallen below 80 percent of a home’s value should the owners wish to discontinue their private mortgage insurance or PMI. Additionally, homeowners who are considering renovations might hire an appraiser to determine whether the contemplated improvements would add significant value to their home.

Preparing to Sell Your Commercial Property

 

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Commercial Property
Image: realty101.com

For more than 15 years, Henrietta Feldman has been practicing as a real estate attorney. Currently practicing at the Law Office of Henrietta Feldman, LLC, in Palm Beach, Florida, she spent much of her career working in Boston. She focuses on residential and commercial real estate matters and handles such things as loan, purchase, and sale agreements.

Selling commercial real estate can be exciting, but it also brings about several unique challenges that you must navigate. Below are just a few things you should do when preparing to sell a commercial property:

Analyze recent sales. By looking at recent commercial property sales, you can determine whether it is a good time to sell your property. Check prices of similar properties in your area to see if they are near your sales goal. Recent sales are not always a guarantee of the price you will get, but they can provide you with some perspective about the market.

Gather documents. If you determine that it is a good time to sell, gather your documents before you put the property on the market. You should gather such documents as your rent roll, existing leases, and title deed. This ensures that you have all the necessary information for buyers as soon as they express an interest and prevents unnecessary delays in the sales process.

Make improvements. First impressions are very important when selling commercial property. If the outside of your property looks a bit plain, try adding some flowers or bushes to spruce it up. Further, make sure all existing plants are well groomed. It may also be helpful to make simple repairs inside the building or add a fresh coat of paint to make things look cleaner.