Does Loan Modification Stop Foreclosure?

If you’re facing foreclosure, you may feel hopeless, but the reality is that there’s a lot you can do to stay in your home. One of the most effective ways to stop foreclosure is with a loan modification. Here’s what you need to know. What Is a Loan Modification? A loan modification (also known as a mortgage modification) allows you to renegotiate the terms of your loan with your lender. The goal is to come to an agreement that makes your monthly mortgage payments more affordable so you can keep your home and your lender doesn’t have to go through the process of foreclosure. How Can a Mortgage Be Modified? There are several ways in [...]

By |September 30th, 2020|Categories: Loan Modification|0 Comments

What to Look for in a Real Estate Attorney

Hiring a real estate attorney is much like hiring any other professional—you ask around, you look at reviews, you do your research, and you make a decision. Of course, the difference with an attorney is that the stakes are much higher than with a painter or lawn service, which is why the “do your research” portion of the process should involve a little more work. You can always repaint your bedroom ceiling, but you can’t un-sign a contract! If you’re not sure where to start, we can help. Here’s what to look for in a real estate attorney. Find Someone With the Experience You Need First, we’ll assume you’ve already covered the basics of vetting [...]

By |September 28th, 2020|Categories: Loan Modification|0 Comments

Can A Lawyer Help With Loan Modification?

What Is a Loan Modification? There are several possible options when you’ve either fallen behind on your mortgage or your home is being foreclosed on. One of the best solutions is a loan modification. Loan modifications rewrite your current mortgage to change its terms and make it more affordable for you. Unlike many other solutions, loan modification programs are permanent—they’re not a temporary decrease in payments, but long-term solutions that lower your monthly payments for good. This is accomplished through renegotiating your interest rate, forbearing part of the principal balance, or extending the loan term. A loan modification is best for homeowners who have the ability to make mortgage payments, but can no longer afford [...]

By |September 21st, 2020|Categories: Loan Modification|0 Comments

How Do You Transfer A House Title To Another Person?

There are many reasons why you might want to transfer a house title to another person, but there’s only one way to accomplish it: through a deed. The process of navigating property deeds and titles can be confusing, but with an experienced attorney working on your behalf, it doesn’t have to be. Here’s what you need to know about transferring a house title. What Is a House Title? A property or house title is a legal document that stipulates the owner (or owners) of a property. It’s essentially the physical proof that you hold giving you the right to use and occupy the property in question. Most people only think about their house titles when [...]

By |September 14th, 2020|Categories: Real Estate Law|0 Comments

When Should I Hire a Foreclosure Attorney?

The foreclosure process is a lengthy one, but it’s best to hire a foreclosure attorney as soon as you can. With an attorney by your side early in the process, you’re more likely to be able to negotiate a resolution with your lender and keep your home. When to Hire a Foreclosure Attorney Your lender can begin proceeding with a foreclosure once you are 120 days late on your mortgage payments. Before the foreclosure starts, your lender will mail you a breach letter, which notifies you that they are about to start the foreclosure process unless you make the payments you owe. The best time to hire a foreclosure defense attorney is when you receive [...]

By |August 5th, 2020|Categories: Uncategorized|0 Comments

Common Situations When You Should Hire a Real Estate Attorney

The most common reason people use a real estate attorney is for purchasing or selling a house. Unlike some states, Texas doesn’t require real estate attorneys for these transactions, but luckily for us, there’s no shortage of situations and transactions where a lawyer is needed. Here are some times when you definitely need a real estate attorney on your side. 1. When You’re Purchasing Commercial or Investment Property Buying investment property is a good idea in theory, but it’s not uncommon for buyers to get more than what they bargained for when they make a purchase. Hiring a real estate attorney can help prevent this from happening. We evaluate contracts, deeds, and titles to make [...]

By |August 5th, 2020|Categories: Uncategorized|0 Comments

Do You Need A Lawyer To Transfer A Deed?

There are many circumstances in which the deed to a home or property may need to be transferred. You might think it seems straightforward enough that you can do it on your own without the help of a real estate lawyer, but with such an important document, it’s a good idea to hire a deed attorney to ensure that everything is done properly to avoid problems in the future. What Is a Deed? A deed is a written document that transfers ownership (title) of a home, land, or other property from one person to another. The previous owner is known as the seller or grantor, while the new owner is the buyer or grantee. Deeds [...]

Avoid These Mistakes When Setting up Your LLC

If you’re a small business owner, the decision to set up your own LLC is a big milestone—but it’s also one that can be fraught with anxiety. So many people who own their own businesses have a passion for what they do, but grappling with the accounting and legalities isn’t exactly in their wheelhouse. Here are some of the biggest mistakes small business owners make when establishing an LLC. 1. Not Forming Your LLC Locally You see many big businesses that are incorporated in Delaware or Nevada—if it’s a good idea for them, it must be a good idea for you too, right? Well, not necessarily.  It makes sense for larger businesses to incorporate in [...]

How COVID-19 Will Impact the Austin Real Estate Market?

Like realtors and mortgage brokers, real estate attorneys are getting the same question over and over again these days: what does COVID-19 mean for the real estate market? We wish we had a crystal ball and could give you the answer. Usually when we answer such questions, we base the answers on how the market has performed in the past, but we’ve never seen anything like the COVID-19 pandemic so the past can’t be used as a predictor. Here’s our best guess as to how Austin real estate will be impacted by the coronavirus. Should I Sell My House During the COVID-19 Pandemic? We’re lucky in Austin—the city is booming, the market is hot, and [...]

Builder’s Contracts and the Importance of Hiring an Attorney

There was a time when if you wanted new construction in the Austin area, you’d have to buy in a far-flung suburb. Now, everyone wants to live in the city itself, so older housing stock is being torn down and replaced with luxe new condos and houses. As more people flock to purchase custom homes in the city, we’ve seen an increase in buyers coming to us with issues with their builders after they’ve signed binding contracts.  The Problem With Not Hiring a Real Estate Attorney Let’s start by making it clear: we’re not blaming the victims here. Many people aren’t making the choice not to hire an attorney before signing on the dotted line—instead, [...]