Firma de Abogados / Law Firm
Bolentin Board FAQ Information
FAQs Labor Law Attorneys The corresponding me if I get fired?
In principle, if you are legally registered, ie, that their situation is in order, before a dismissal without cause the employer must pay compensation, consisting of one month's salary for each year or fraction greater than three months.
For example, if you worked one year, three months and two days, we consider two years to calculate the allowance, but if I work one year and two months or three months just, it is for only one year of compensation.
They must also pay him the total months of work plus one full month's notice, be aware that if he worked five years or more, must pay two months instead of one by way of notice.
They must also pay the proportionate rental, bonus and other normal and customary items. This calculation should be based on the salary before deductions.
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I have to pay any expenses to claim?
Usted no tiene que abonar ningún gasto para comenzar el reclamo laboral porque la ley le concede el beneficio de gratuidad. Tampoco debe pagar los telegramas que tiene que enviar, consúltenos, estamos a su disposición.
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Will Selling my Home in a Short Sale Affect My Credit Score?
Selling your home in a short sale will negatively affect your credit score, but how much will depend on many factors. Your payment history, your ability to pay other debts, and the amount the lender forgave in your short sale will all play a part.
A short sale typically will reduce a borrower’s credit score anywhere from 50 to 200 points. In most cases, a short sale will show up as an entry on the borrower’s credit report as “Paid in full; settled for less than originally owed.”
However, damage to your credit score from a short sale is generally less than that from a foreclosure or bankruptcy, which generally are the most damaging financial events which may occur with regards to your score. For this reason, most borrowers consider a short sale to be a better alternative to filing for bankruptcy. Choosing a short sale instead of a foreclosure or bankruptcy is seen as a way to better preserve a borrower’s credit history.
Also, resolving the mortgage problem through a short sale may damage your credit a bit, but it can leave you as a borrower in a much better financial situation, allowing you to improve your credit by keeping up with other debts.
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Will My Lender Accept the Short Sale as Payment in Full for My Loan?
Maybe. Your lender is not required to accept the short sale payment to satisfy your loan amount. The company may decide that you and your property do not qualify for a short sale and deny your request. In that event, you may be forced to explore other options, including trying to sell your house in a traditional sale, requesting a loan modification or a refinance of your home, or declaring for bankruptcy.
Working with a real estate attorney or other professional who has experience filing applications for short sales can increase your chances of being approved by your lender.
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Can My Lender Come After Me in Court for the Loan Balance I Owe After a Short Sale?
This depends in part on whether the property in the short sale is located in a judicial or a non-judicial foreclosure jurisdiction.
In non-judicial foreclosure, also called a mortgage walk-away trustee sale, when a lender forecloses on your property or agrees to a short sale of the home, the lender cannot later come after you personally for their financial losses, with exceptions in some states for borrowers who have significant other assets.
In judicial foreclosure states, lenders go to court and argue to a judge why they should be allowed to foreclose on the property. The lender files a complaint and a notice called a Lis Pendens, which details how much the debt is for and why the lender should be allowed to foreclose and take the property given as security for the loan.
If the court agrees with the lender and grants the judicial foreclosure, it will issue a judgment against the borrower for the total amount owed on the mortgage, including the costs of going through the judicial foreclosure process.
Some states permit lenders to choose whether they want to proceed with judicial or non-judicial foreclosure proceedings.
However, many states limit the rights of lenders to foreclose on a property and seek a personal judgment against the borrower through what are commonly called “One Action Rules.” The rules mean creditors may take only one action for the recovery of debt and may not both foreclose on a property and hold the borrower personally responsible for losses incurred in a foreclosure or short sale.
In states with One Action Rules for foreclosure and short sale proceedings, the rules work in conjunction with state deficiency-judgment statutes to bar or limit a creditor’s rights to recover the balance of proceeds from the sale of real property where the funds paid were insufficient to cover the total debt.
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