Sugarman Law

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Mortgage Payments Piling Up? Here Are Your Options

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Modification
If you find that you are still having issues or cannot apply for a forbearance, you can apply for a loan modification. In this case, the lender agrees to modify the terms of your existing mortgage by lowering the interest rate and extending the term, thereby reducing your monthly payment. In some instances, the past due amounts are capitalized, or deferred to the end of the loan and need to be paid as a balloon payment. The lender’s financial review is much like the process of qualifying for a mortgage and you will need to produce the same financial documents. 

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Updating Business Policies In The Time of Covid-19

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We’re in the midst of a rough winter and since we can’t spend too much time outside, it’s a perfect time to get organized! I’ve been spending hours at my office every weekend getting rid of old files, which is clearing up a lot of drawer space. It feels pretty good. I’ve been in my current office suite for 9 years and in business for almost 16 years, so you can imagine how many files and papers have accumulated. Employee records from a decade ago? Yeah, going in the shredder. At home, I’ve been tackling personal files, as well, trying to clean up those things I keep saying I’m going to get rid of. (Ever hear of the “Swedish Death Cleaning?” – look it up – it’s a real thing!) So, this brings us to this month’s topic – If you’re a business owner, it’s time to clean house (or office as it is) AND build up that house (or office) for maximum efficiency.

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Be Prepared: My Recent Experience And Why Plans Must Be In Place

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A sentence I didn’t think I would be typing…
I had COVID-19 recently. Thankfully, I am now fine. It wasn’t an easy road though, it was tough. This virus is very real and you just never know how it will affect you. I am much better now and throwing myself back into work, but the experience really made me think about life and planning. [Read more…] about Be Prepared: My Recent Experience And Why Plans Must Be In Place

Why A Home Inspection And Final Walk-Through Are So Important

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We’ve been chatting the past few months about real estate and this month we focus on the initial home inspection and the final walk-through, which is really the last chance a purchaser has before they are handed the keys.In the contract of sale, the seller usually gives basic representations that the plumbing, electrical, heating and septic/sewer systems are in good working order and that the roof is free of leaks. The seller also generally represents that if the appliances are working at the time of contract, and are listed in the listing agreement, those same appliances will be in good condition at closing. The only caveat is normal wear and tear from the date of contract to closing. The contract usually allows the purchaser to conduct for a termite inspection, and if active termites or termite damage is found, the seller has the option of either cancelling the contract or treating and repairing the condition.

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