Tags: 9/11/01

Unlicensed Legal Advice is Dangerous If You’re in Foreclosure

It can be a very dangerous situation where a group or individual promises the ability to perform legal services without any legal training on a foreclosure case.

Bad idea. Working with one of these unlicensed people can be more expensive and cause major problems for anyone who would hire and pay them for legal help, paperwork or guidance. 

Lanigan and Lanigan YouTube Vid


Foreign Investors in Florida Real Estate

This is something that we’ve seen come and go in waves especially here in Florida. And I would say we’re now reaching another point where foreign interest in Florida property is very high. So it’s again a subject that has come to the forefront. In my 36 plus years of practice I’ve probably seen four or five of these waves over the years. And they come and they go, but no matter when it is there are always certain basic issues on top of the regular real estate purchase issues about disclosures and title search and all of those kinds of things.

Lenders And NextJob Help Homeowners Find A Job

The Oregon based company, NextJob, introduced an innovative program to get banks to help find jobs for the homeowners at risk of foreclosure.

In a recent article on Bloomberg.com, a story unfolds about a man from South Carolina who received a call from his bank telling him about a great new job opportunity rather that might save his home from foreclosure.

Fifth Third Bank collaborated with NextJob on their Homeowner Reemployment program as a way to help homeowners find a job so they could keep their homes. NextJob’s CEO, John Courtney envisioned a program that would help banks look at a new way of helping their mortgage holder’s avoid foreclosure.

Read more at Bankruptcy-Lanigan.com

Student Loan Debt Tops $1 Trillion

Total student loan debt in the U.S. has topped $1 trillion for the first time, the Federal Reserve reports.

And here’s another startling statistic from the Fed: the average U.S. college student has $33,607 in loans. That is twice the debt of the average U.S. household ($15,191, excluding mortgages).

Before we look at this closer, remind yourself of this if you have a student loan or loans: Theyrepresent an investment and opportunity – to gain knowledge and skills for a career you want, to earn more than those who don’t have a degree. Your education will pay dividends, in various ways, for the rest of your life. That’s the good part of having student loans.

Now, let’s look at the rest of it.

Rest of article on LaniganPL.com

What CAN Be Done With Student Loan Debt Part 1 of 4

http://laniganpl.com/2013/03/27/no-1-myth-in-bankruptcy/ (Winter Park, Florida) bankruptcy lawyer Roddy Lanigan of Lanigan and Lanigan has been practicing Florida law since 2007. Roddy says that the No. 1 myth in bankruptcy is that you can’t build your credit or get credit for eight years. 

Roddy explains that in bankruptcy there are several issues that come up all the time over and over again. He tells clients that there are many ways to rebuild credit after filing bankruptcy. 

Pay As You Earn Student Loan Payback, Part 1 of 2

There are a number of Federal student loan repayment plans available to recent college graduates who have student loan debt.

The newest option is called Pay As You Earn. If you just graduated from college and don’t have enough money for your monthly payments, this option may let you pay less each month than other income-based plans. It also may help you if your student loan debt is high in relation to your income.

Pay As You Earn isn’t a choice for most people who’ve begun repaying their Direct Loans. If you’re in that group, you may want to consider the income-based repayment plan.

Today, we’ll look at what Pay As You Earn is, whether you might qualify and which Federal student loans are eligible.

In the second part of this two-part series, we’ll look at the program’s requirements, and its advantages and disadvantages.

What Is Pay As You Earn?

If you qualify, make on-time monthly payments for 20 years and meet some other requirements, what’s left of your student debt after 20 years is forgiven.

Unless a profession offers student loan forgiveness, there will be a student loan debt payment for many, many years so it’s a strong suggestion that you save for it. 

If at all possible, setup an automatic student loan debt payment.

Making an effort to establish some savings in any amount will create a habit. 

At the end of every payment celebrate by noting the occasion. Whether with a dinner at home with friends, or simply keeping a calendar, successful, on-time loan payments should be monitored carefully. 

Keep track of and note interest rates. For questions about what can be done to diminish student loan debt, if anything, consult only with a student loan law attorney who is experienced and knowledgeable.

Deciding that bankruptcy is your only option can be stressful but it can also be cathartic if you realize that you’ve made the right choice. 

Part of your choice is learning whether you file Chapter 7 bankruptcy or Chapter 13 bankruptcy. 

Next you want to know what happens to your assets in each kind of bankruptcy.

Winter Park, Florida, attorney and partner at Lanigan & Lanigan, P.L., Eric Lanigan, explains some of the diferences in Chapter 7 and Chapter 13. 

Call for an appointment 407-740-7379 and find out what is best for your situation. Everyone has different financial and economic situations. When you invest in a consultation, do the best for yourself by getting a specific answer.