It may make sense to buy real estate with an LLC depending on the situation and the purpose for the real estate ownership. For example, are you purchasing the property to use as your personal residence? Are you purchasing the property to fix up, flip and put on the...
Deciding whether bankruptcy or debt settlement is better for your credit score likely means that you have a significant amount of debt and you are weighing your options moving forward. Some consumers will continue to pay minimums on their debts, while the debt...
Does Real Estate Have to Go through probate? Anybody who passes away in Washington State with an estate net worth of over $100,000 likely needs to have their estate go through probate in Washington State. Probate is the process of paying creditors of the person who...
If you are thinking about creating a real estate co-ownership agreement then you may have already purchased a home, are on the home search or getting ready to close on the purchase of a home and are trying to figure out the complexities of home ownership with a...
You may be entitled to surplus funds after the foreclosure sale of your home in Washington State if your home sells at a trustee sale for more than you owed on your mortgage(s) or judgment liens. You may be notified by a foreclosing trustee or perhaps a business or...
On January 13, 2022 Thirty-nine state attorneys general announced that Student Loan Servicer Navient will provide relief to student loan borrowers and state attorneys general, including Washington State, in the amount of approximately 1.85 billion. I had the chance...
The year 2022 is upon us and now is a good time to discuss where things may be headed in Bankruptcy and Real Estate in Washington State in 2022. I was able to discuss the outlook for Bankruptcy and Real estate in 2022 on 1150AM KKNW recently and you can listen to the...
If you are reading this blog post then there is a high likelihood that you are attempting to settle a debt with a debt collector. The next thing you may be trying to figure out is whether it makes sense to hire a debt settlement attorney or company to negotiate a...
If you are considering filing for bankruptcy but have assets you want to protect, you may be asking yourself if you can transfer assets into a trust prior to filing bankruptcy. Trusts comes in a few varieties and are either revocable (also known as a living trust)...
If you were impacted by COVID-19, own real estate and were unable to make your usual monthly mortgage payments, you may have requested a life line from your mortgage servicer and asked that your mortgage payments be put into forbearance and are now looking for options...
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