5 Benefits of General Counsel Services for Construction Companies

Just about every companies can benefit from having a staff attorney, but most of them can’t really afford the expense of paying the salary. When this is the case, securing general counsel is the next best option. A general counsel is an attorney who is not an employee, but who is familiar with the company and used for most (or even all) of their legal needs. This can be done on retainer, or just on an as-needed basis. While most companies can ...
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Finding Another Way: 4 Alternatives to Foreclosure

Getting behind on your mortgage is sometimes easier than you might think due to unemployment or unforeseen expenses that pop up. If you’re worried that you might lose your home to foreclosure, remember there are many options available to help you get caught up. If getting current on your mortgage is beyond reach, one of several solutions might work for you. Let’s explore 4 alternatives to foreclosure and some of the potential side effects they ...
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How to Negotiate with the Bank on a Construction Project

Our nation’s current economic climate can make borrowing money difficult for many people, and unfortunately construction companies aren’t insulated from this challenge. When it comes time to secure funds for your next building project, consider that with a little careful negotiation, you might be able to save yourself and your company a substantial amount of money. Here are a few avenues to consider when talking with your bank:   Use ...
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Buying a Home: Avoid These 5 Common Mistakes in the Closing Process

Buying a home is one of the most exciting events in your life. By the time you get to the closing phase of the deal, it is quite common for people to already be thinking about moving in and starting their life in their new home. The closing process, however, can be quite complicated, and it is important to ensure mistakes are not made. Avoiding the following five common mistakes in the closing process can help ensure you are happy with the ...
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How to Protect Your Construction Company from Legal Disputes

As a construction company, legal disputes with clients (or others) are among the biggest problems that can be faced. In addition to being potentially costly, they can also result in extensive down-time and even reputational issues that could cause issues for your company for years. Learning how to avoid legal disputes is an important skill that all construction company owners or managers need to learn. The following tips can help to reduce the ...
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A Brief Introduction to Florida TRIM Notices

If you're a property owner in Florida, you should pay close attention to your TRIM (“Truth in Millage”) Notice. The notice is typically sent out in August and aims to forecast the value of your real estate property as of January 1 in the following year. The valuation will affect the property taxes you pay in November, as outlined on the notice. Because the real estate market has a tendency to fluctuate, you should review your TRIM Notice ...
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What Could Go Wrong?: The Dangers of Purchasing a Home Without Legal Guidance

Home ownership is a serious undertaking with a long list of potential perils. While many home buyers don't think to involve a lawyer until after a deal is made, you actually run several risks when you purchase a home without legal guidance. Take a look at some of the possible dangers that can arise when you buy a home without legal counsel. Unexpected charges Many people are reluctant to hire lawyers because of the expense, but have you ...
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Refinancing With HARP Before Its Expiration

Many of Americans have what’s known as an “underwater” mortgage, which means they owe more on their mortgage than what their home is worth. If that’s the situation you’re in, the Home Affordable Refinance Program (HARP) can help. This program was created in March 2009 by the Federal Housing Finance Agency as a response to the collapse of the housing bubble and the subprime mortgage crisis that led to the Great Recession.   At the time, ...
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Financing Your Home: Understanding The Various Types of Mortgages

These days, it’s just about impossible for most people to afford a house without a mortgage. Of course, you can’t just walk into a bank and say “I’d like a mortgage, please” – there are a lot of different types of mortgages to choose from, each with their own set of pros and cons. Let’s take a look: Fixed Rate A fixed rate mortgage is just what it sounds like. The interest rate remains the same—fixed, that is—for the entirety of the ...
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Mortgage Math: How Your Debt-to-Income Ratio Affects Your Financing

Mortgage Math: How Your Debt-to-Income Ratio Affects Your Financing There are many factors a lender will consider when they are determining whether you qualify for a mortgage or not. They’ll look at your credit score, how stable your income is, and how often you pay your bills on time. Another key factor which you should be aware of is your debt-to-income (DTI) ratio. DTI Ratio Defined Your DTI ratio is how much of the gross total of ...
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