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Are We In Another Real Estate Bubble In The US?
Owning a home is one of the most sought-after dreams that anyone can have. While the world is still reeling with a pandemic that seems to grow stronger by the year and the resulting economic recession, they take heart from the favorable real estate market that allows them to buy homes at record low mortgage rates. While it may seem that a rapid increase in demand may lead to a real estate bubble, the opposite seems to be the case. A Warrenville real estate attorney from Covert Marrero Covert can guide you to the best decision. Why the US Housin...
How Harsh Are DWI Penalties in Illinois?
Illinois courts are pretty harsh when it comes to drunk driving offenses. As such, DWI penalties in Illinois carry both administrative and criminal consequences that can make your life extremely difficult. The penalties in the state differ per case. The actual amount offenders need to pay will depend on their blood alcohol concentration (BAC), their age, whether they had a child in their vehicle when they were stopped, whether they were driving on the wrong side of the road and whether they had a previous conviction. Any of these factors can in...
How To Buy A Short Sale Property In Illinois
Do you want to purchase a new home in Illinois for a bargain? If you answered yes, then you should consider getting properties that are on a short sale. A short sale property always sells below the amount the current owners owe on it to their lender. Anything from unemployment to a divorce can force homeowners to sell their home for less than what it would have amounted to, provided they paid their mortgage regularly. Experienced Illinois short sale attorneys from Covert Marrero Covert will ensure you get the best deal. How To Buy A Short Sale ...
Should I Get A Home Loan Modification In 2021?
If you are having trouble making mortgage payments on time, you should consider getting an Illinois home loan modification with the help of a lawyer. You should know that you aren’t alone. Due to the Covid-19 crisis, moratoriums have been placed across the nation on foreclosure and eviction proceedings. By the end of August, the Federal Housing Finance Agency (FHFA) extended it to cover mortgages on single-family homes. However, when the FHFA realized that a lot of homeowners may default on mortgage payments after the moratorium expires, they...
How To Protect Yourself From A Real Estate Market Crash
The stock market is not the only thing that can suffer from a bubble home prices can be affected by a real estate crash. During the notorious housing bubble of 2008, home prices plummeted to an all-time low and a large number of borrowers had to default on payments and foreclosures were at an all-time high. It lead to the greatest credit crisis and recession since the Great Depression. While the crisis was the result of a series of factors, an Illinois real estate attorney will recommend that you protect yourself from the next crash by followin...
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