Due to the instability of today’s market, many individuals face financial issues that are becoming harder and harder to overcome. At present, millions of Americans are currently in debt. One of the most common problems that these individuals face is the threat of losing their home due to their inability to pay their mortgage. More and more people experience foreclosures in the U.S. Because they are unable to meet pay off their debts, creditors or lenders attempt to recover their balance by forcing assets, particularly their homes, on sale.
According to the Office of the Controller of the Currency (OCC), around a third of all individuals who faced foreclosures had lost their homes and other assets due to errors made by banks and mortgage companies. These instances are known as wrongful foreclosures. For individuals already struggling to resolve their financial burden, losing their home can be an extremely stressful situation. The idea that they have to go through such an ordeal because of someone else’s error is particularly maddening. When creditors and money lenders pursue foreclosures through dodgy and even downright illegal practices, it’s important that the individuals facing the threat of losing their valued home and properties are protected by the law.
The website of Gagnon, Peacock & Vereeke, P.C. points out the following scenarios as common practices that indicate wrongful foreclosures. Homeowners can pursue appropriate legal action if their situation is applicable to the following:
- Lender has failed to provide the homeowner with sufficient and appropriate notices regarding their late payments
- Lender overcharging the homeowner with fees for late payment
- Lender bad faith and predatory practices
There are other specific scenarios that might be considered as an act of wrongful foreclosure. If you feel like you have been subject to such illegal practices, your best recourse is to consult with an experience real estate litigators for more information.
We’ve all been told that relationships are hard work. In real life, marriage isn’t as easy as they portray it in fairy tales. This is especially true during times when a couple is faced with difficult conflicts and problems. Sometimes, such issues can become so grave that they can weigh down even the strongest relationship. If you are in a similar situation, there are several options that can help you properly deal with the issues affecting your marriage.
Married couples facing problems in their relationship can consider working with a counselor to help resolve their conflict. Through couple therapy, each party can air their concerns and address issues with the aid of a mediator who is especially equipped to handle such situations. As pointed out by Marriage Like New: Therapy for Couples website, sitting down with your partner to learn better ways to communicate your point of view can do a lot to resolve conflicts and rebuild trust. Snyder typically helps her clients through teaching couples how to manage their stress responses and avoid the common ‘fight or flight’ reaction, then coaching them with new communication techniques. She emphasizes, however, that these methods are only effective when both parties are willing to work on rebuilding their relationship. If one partner is ambivalent or is closed-off about the whole process, there’s little chance of any progress.
Snyder also emphasizes that certain marital issues can’t be solved through couple therapy. Again, it will depend on how much you and your partner are willing to find a resolution for the problems that you are facing. She also points out that issues involving violence or abuse are best brought to the attention of authorities and are dealt with through anger management and other similar individual counseling.
If you and your partner come to a realization that staying together and maintaining your relationship is no longer a realistic or desirable option, it may be time to decide on several legal options. Pursuing divorce, nullity, or legal separation can help distraught couples move on with their lives. Going through any of these proceedings can definitely be tense and stressful, so it’s best to have a support network that can help you through the process. Likewise, it would also be advisable to have a qualified and experience family law attorney to guide you through whatever complicated legalities you may encounter.
The idea that estate planning is only crucial for older individuals is a common misconception. The simple truth is that everyone at any age should start thinking of plans that can ensure that their loved ones will be well taken care of should the worst happen. As the website of Arenson Law Group, PC puts it, it might not be the most pleasant of things to think about, but planning for the future of your family can bring you considerable peace of mind and avoid headaches in the future. This is why estate planning or going through the process of making arrangements regarding the distribution of your properties and assets is extremely important.
Estate planning is a process that entails having to plan and make decisions about what you would like done to your home savings, personal property, investments, life insurance, and other financial matters at the event of your death. Specifically, you will have to determine how you’d want your finances handled and distributed to your dependents. Your plans can also include specific instructions about how you’d want your children to be cared for, as well as specific options for your end-of-life care.
To begin the process, the first step you need to accomplish is to draft a will—a legal document where you can declare all the plans and instructions you want honored after you pass away. The United States federal law requires that an individual must be over 18 and is of sound mental capacity in order to write their own will. It becomes valid as soon as you sign the document with at least two witnesses present, although most lawyers would agree that having your will notarized can help prevent your instructions from being disputed later on.
If you would like to begin the process of estate planning, it’s best to seek out legal counsel to ensure that all your affairs can be arranged according to the complicated legalities of tax and estate laws.