U.S. felt a 5% foreclosure rate increase in January
Posted on February 25th, 2015
A 5 percent foreclosure rate increase was felt in the U.S. last month according to real estate data provider RealtyTrac, a February 12 Business Insider article stated.
RealtyTrac said that last month’s increase was fueled by a recent jump in houses repossessed by banks; 37,292 properties have been repossessed nationwide. The number of homes headed for foreclosure auction rose by 8 percent in January compared to the data recorded a month earlier. There are 119,888 houses in January that are undergoing foreclosure procedures nationwide, though the figure was still lower by 4 percent compared to the same month last year.
In Cincinnati alone, the foreclosure lawyers at Ryan J. Ruehle, LLC, understand how stressful it is for families to have their homes taken away from them. However, if you are in such a situation, we may provide you workable options to possibly steer you away from foreclosure. Discuss your situation with us today at (513) 621-0999 to find out how we may work for you.
Tagged Foreclosure, Foreclosure Defense, foreclosure proceedings
Foreclosure looms for ex En Vogue singer
Posted on February 10th, 2015
Former En Vogue singer Maxine Jones may lose her house in Virginia to foreclosure after a federal judge permitted her bank to start the procedure, a February 4 article of The St. Louis American stated.
According to reports, the 53-year-old R&B singer missed paying her mortgage for two months late last year. On December 18 Jones sought Chapter 7 Bankruptcy protection, however the judge excluded her home from the filing. Jones’ reportedly has a $212,000 debt on her Virginia home and other debts in the form of state taxes, legal fees, and private school among others.
If you are being threatened with foreclosure, enlisting a skilled lawyer can be a crucial asset in the process of defending your home. Find out how the Cincinnati lawyers at Ryan J. Ruehle, LLC may be able to work for you today by calling (513) 621-0999.
Tips on recovering from foreclosure
Posted on February 3rd, 2015
Fox News offered some tips on January 23 about how to recover after experiencing the stressful process of foreclosure.
• After a foreclosure, people may initially improve their credit by using it responsibly enough to impress potential lenders. Homeowners with high credit scores before foreclosure may struggle more to get their credit back to their previous point. Despite this, it is important to continue using credit, as regular, responsible activity is crucial for potential lenders.
• People who lost their homes to foreclosure should dutifully settle their tax bills. The government may not require people to settle their foreclosure taxes if they declare insolvency or file for bankruptcy.
• After a foreclosure, homeowners may need to wait for several years to possibly get a new loan. However, if a family member died or a sudden job loss contributed to the foreclosure, people may not need to wait as long.
The attorneys at Ryan J. Ruehle, LLC, understand that many homeowners in Cincinnati are being threatened by foreclosure. If you are experiencing this, we may give you legal advice that could save your home. Find out how we may work for you today by calling (513) 621-0999.
Senator proposes bill for employees to get cash advance
Posted on January 21st, 2015
U.S. Senator Sherrod Brown recently proposed a bill to help millions of Americans avoid the high interest rates of payday loans, WSPD reported on January 19.
In the proposed bill, employees who qualified for Earned Income Tax Credit (EITC) may be given advance cash by their employers. After qualified employees get their advance cash, the Internal Revenue Service (IRS) will repay the employers, and that money would later be deducted from the employees’ tax return. According to Sen. Brown, workers with children could take out as much as $500, while those without immediate dependents may qualify to receive $133. The senator further said that his bill would provide an alternative to payday loans for millions of hardworking people, potentially allowing them to avoid significant debts that accrue from the high interest rates of these predatory loan services.
The lawyers of Ryan J. Ruehle, LLC, know that many people in Cincinnati are experiencing financial difficulties after feeling trapped by their payday loan debts. If this happens to you, we may be able to offer you legal solutions to help you recover from this stressful situation. Discuss your case with us today by calling (513) 621-0999, and learn about your legal options.
Tagged debt, debt consolidation, payday loans
Tips on how to handle credit card debt after the holiday season
Posted on January 7th, 2015
A January 5 article of Market Watch provided helpful tips on how to manage credit card debts after the holiday season.
• Individuals may opt to prioritize their credit card with high interest rate and make minimum payments on their other cards with lower interest rates.
• Individuals who do not have enough cash to pay their debt entirely but is in good standing with their credit card company may possibly lower their debt by asking them to lower their interest rate.
• Consumers might want to transfer their balance from a credit card with high interest rate to another card with much lower interest rate.
• Individuals who have a good grasp of their budget may want to pay more than the minimum to lessen the repayment period and lower their interest rate charge.
If you are having difficulties on paying your credit card debts, working with a lawyer is also worth considering for you to help negotiate your debts with creditors. Find out how the Cincinnati lawyers of Ryan J. Ruehle, LLC may help you today by calling (513) 621-0999.
Tagged credit card, debt, holiday debt
Posted on December 29th, 2014
Atlanta-based rap artist Jermaine Dupri recently lost his mansion to foreclosure for failing to pay over $2 million worth of mortgage, an article by WSB-TV 2 stated on December 11.
The 42-year-old rapper and producer reportedly had unpaid monthly payments that totaled $2.5 million on his 9,441 square-foot mansion in Fulton County. A legal notice stated that the mansion, which has a property value of over $3 million, will be sold to settle Dupri’s debt and to pay other fees involved in the foreclosure procedure. Dupri reportedly worked hard to prevent his mansion from being foreclosed. The mansion where the rapper lived for nearly a decade has 19 rooms and nine bathrooms, property documents revealed.
Losing your home to foreclosure can induce serious anxiety, especially if you have tried to prevent it. However, if your beloved home is being threatened by foreclosure in Cincinnati, the attorneys of Ryan J. Ruehle, LLC, may be able to offer legal solutions to defend your home. Consult with us today by calling (513) 621-0999 to learn more about your options.
Tagged Foreclosure Defense, mortgage debt
Teenagers worried about student loan debt
Posted on December 16th, 2014
A survey recently revealed that more teenagers are concerned about having to pay student loan debt, ACA International reported on December 5.
Reports said at least 67 percent of the “Generation Z” respondents in the survey are worried about having enough finances to sustain their higher education. Twenty-five percent of the respondents did not believe any debt is manageable. Respondents also reported that they have other financial worries aside from student loan debt. However, the survey also revealed that many of the respondents believe in the importance of finishing college, though costly, to attain the career they want to pursue; the majority said that they are also eager to learn how to carefully plan their finances while in college.The survey was conducted at Northeastern University in Boston.
If you are having trouble repaying your student loan debt in Cincinnati, the lawyers of Ryan J. Ruehle, LLC may be able to help alleviate some of the burden. Speak with us today at (513) 621-0999 to find out how we can work for you.
Tagged college, debt, Student loans
15% rise in foreclosure activity in October
Posted on December 3rd, 2014
An increase of 15 percent in foreclosure filings was observed nationwide last month, an article of the National Mortgage Professional stated on November 13.
According to real estate information firm RealtyTrac though a foreclosure rise was felt last month, the numbers is still reduced by 8 percent compared to year 2013. Last October there were 59,869 properties nationwide are headed for auction, a 24 percent increase compared to a month earlier. Ohio reportedly ranked the 4th among the states with high foreclosure rate after a 51 percent increase was felt last month or 1 in every 674 properties filed for foreclosure.
Enlisting a skilled lawyer is important if you are in a difficult situation of losing your home to foreclosure. However, if this is happening to you in Cincinnati, the lawyers of Ryan J. Ruehle, LLC, may represent you. Call our office today at (513) 621-0999 to find out how we may possibly defend your home from foreclosure.
Posted on November 6th, 2014
New graduates who are now facing student loan repayment may consider these helpful tips in managing their debt:
• A recent grad who hasn’t found substantial work may want to see if they qualify for forbearance or deferment.
• Student loan borrowers should fully understand their loan terms in order be aware of the range of repayment options.
• Borrowers who have other loans to repay in addition to student loans may want to manage their debts by consolidating their loans.
• Know that you can deduct up to $2,500 on the interest paid on your principal at tax time.
• Student loan borrowers may want to find out if they qualify for a graduated repayment plan or adjusted repayment plans based on their monthly income.
The Cincinnati-based lawyers at Ryan J. Ruehle, LLC can advise people who are having significant financial trouble repaying their student loan. If you are in such situation, we may be able to offer you solutions to help you address your debts. Speak with us today at (513) 621-0999 to find out how we may work for you.
Posted on October 27th, 2014
American rap artist DMX settled $250,000 with Compass Bank to save his Mount Kisco home from foreclosure, the Chicago Defender reported on October 19.
The rapper, whose real name is Earl Simmons, 43, made the settlement in response to a lawsuit filed against him by Compass Bank. DMX was sued by the bank in 2013 for allegedly refusing to pay off his loan, and it urged the foreclose of his home. DMX’s payment of $250,000, however, settled the mortgage of the home he paid $649,000 for in 2000 and allowed him to avoid foreclosure.
If your home is being threatened by foreclosure, it is important that you work with an experienced lawyer who can provide you with legal options that could possibly prevent your home from being taken away from you. Learn more about your options by consulting with the Cincinnati lawyers of Ryan J. Ruehle, LLC, today by calling our offices at (513) 621-0999.