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keystonemortgagebrokers · 24 days ago
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Mortgage Finance Broker Reservoir: Your Partner in Achieving Homeownership Dreams
Achieving the dream of owning a home is a significant milestone, and partnering with the right professionals can make this journey smooth and rewarding. At Keystone Mortgage Brokers, we specialise in delivering tailored solutions to meet the unique financial needs of our clients in Reservoir. As trusted mortgage brokers in the area, we are committed to helping you navigate the complex world of home loans Reservoir and securing the most suitable financing options for your dream home. Read More: https://www.sociomix.com/diaries/stories/mortgage-finance-broker-reservoir-your-partner-in-achieving-homeownership-dreams/1733907343
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yourbetteragentgilbert · 2 years ago
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Hi I am Gilbert and I present you this key turn home located in beautiful 91915 area. WOW! STUNNING! Spacious Designer Corner Unit 3 bdrms 2.5 bath 1494 sf townhome. GORGEOUS kitchen with quartz countertops, stainless steel appliances & eat-in bar. STYLISH open living, dining & kitchen with lots of light. Custom fireplace & bathrooms. Bedrooms are on their independent floor while living, kitchen, dining, laundry room are on their separate floor. Private balcony overlooking lush landscape. New floors, bathrooms, counters, lighting, paint, appliances, faucets. 2 car garage & plenty of storage. Separate laundry room next to kitchen. Enjoy your relaxation time in your 3 pools, clubhouses, bbq areas with lake views, spas & playgrounds. Excellent, highly rated schools, lots of shopping, restaurants, lake, walking, hiking & biking trails by Otay Lakes. So much to enjoy in this resort setting! There is a pool in the Greystone complex and also 2 beautiful clubhouses nearby with BBQ areas, lake views, multiple pools, spas, playgrounds & more all included in monthly HOA. Creekside Clubhouse is @ 1331 S Creekside Rd & the woods Clubhouse is @ 1150 Woods Dr, Excellent ratings for all schools close by. Quick access to highway 125, close to Shopping, hiking, walking & biking trails @the lower Otay reservoir. So much to enjoy! Contact me if you are interested or have something else in mind. #realestate #realtor #realestateagent #home #property #investment #forsale #realtorlife #househunting #dreamhome #luxury #interiordesign #luxuryrealestate #newhome #architecture #house #homesweethome #realestateinvesting #luxuryhomes #realestatelife #business #design #realestateinvestor #realty #sold #entrepreneur #mortgage #broker #homesforsale #justlisted (at Chula Vista, California) https://www.instagram.com/p/CgZ3DiAJWRw/?igshid=NGJjMDIxMWI=
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didanawisgi · 7 years ago
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As gun policy discussions unfold in the wake of mass shooter incidents, they routinely end in three buckets. There’s the “tyranny can never happen here” bucket, which the left has mostly abdicated in the wake of Trump winning after they called (and still call) him a tyrant. There’s the “you can’t fight the army with small arms” bucket, which is increasingly unsound given our ongoing decade-and-a-half war with Afghani tribal goat herders. And there’s the “what the hell do you need an AR-15 for anyway?” bucket, which, by its very language, eschews a fundamental lack of understanding of what those people are thinking. I am not a prepper. But I know a few. Some of the ones I do know are smart. They may not be doing as deep an analysis as I present here, on a mathematical level, but the smart ones are definitely doing it at a subconscious level. If you want to understand the perspectives of others, as everyone in my opinion should strive to do, then you would do well to read to the end of this article. To get where we’re going, we will need to discuss the general framework of disaster mathematics.
Stormwater Hydrology and the Mathematics of Unlikely Events
I’m not a writer by trade. I’m a stormwater hydrologist, and in my opinion, a pretty good one. Hydrology is the science of tracking water as it moves through the water cycle, from ocean evaporation through cloud formation, precipitation, groundwater infiltration, runoff, evapotranspiration, riverine hydraulics, and the time series behavior of reservoirs. It is a deep and fascinating field, but one of its most relevant applications to our lives is delineating floodplain boundaries.
To determine a floodplain boundary, we first identify a “storm event” that concerns us. We use historical rainfall data and some statistical magic to calculate the worst storm event a place is likely to experience in a 100-year time span, probabilistically speaking, and we call that the “100-year storm.” There’s a push in the field to quit calling it that, because it confuses the muggles, so now we often say something like “the storm which has a 1% chance of happening in any given year.” Then we take that rainfall data, judiciously apply more math, and turn it into a flow rate in a river. Then we do hydraulics (more math) to determine how deep the river will have to be to carry that much water, and we draw a line on a map.
You should have seen this line, if you’ve ever bought a house near a floodplain. If you bought a house near a floodplain and were not shown this line, contact me professionally to ensure you didn’t make a terrible mistake.
We don’t buy houses in the floodplain if we can help it, because we are risk averse, even though the chance of it flooding in any given year is only 1%. Why? We will live in the house longer than one year. Over the 30-year life of a mortgage, the chance of the house flooding at least once vastly exceeds 1%, because every year is another roll of the dice. It’s not cumulative, though. The mathematics for back-calculating the odds is called a Bernoulli Process. Here’s what it looks like:
Let’s quickly walk through this. The chance of flooding, P(F), is 1%, or 0.01. The chance of not flooding, which we notate P(F’), is 100%-1%, or 99%, or 0.99. To see the chance you don’t flood two years in a row, you would have to “not-flood” the first year, and then “not-flood” the second year, so you multiply the two probabilities together, and get 0.9801. The chance of “not-flooding” 30 years in a row is calculated by multiplying the chance of not flooding with itself, over and over, 30 times, which is a power relationship. P(F’)³⁰. That’s 0.7397 chance of 30 consecutive years of no flood, which means a 26% chance of at least one flood.
And then your mortgage broker doesn’t give you your thirty-year fixed rate loan, because a 26% chance of a disaster is a big chance, when we’re talking about disasters. Now let’s talk about a bigger, nastier disaster than a flood.
Prepper Math
There’s a common misconception in the media about the eventuality for which the preppers are exactly prepping. That’s because they’re a diverse group, and prep for many different things. No, they aren’t planning for a revolution to overthrow the government. (Most of them, anyway.) Mostly they’re planning to keep themselves and their families safe while someone else tries to overthrow the government. That, or zombies. (More on zombies below.)
While we don’t have any good sources of data on how often zombies take over the world, we definitely have good sources of data on when the group of people on the piece of dirt we currently call the USA attempt to overthrow the ruling government. It’s happened twice since colonization. The first one, the American Revolution, succeeded. The second one, the Civil War, failed. But they are both qualifying events. Now we can do math.
Stepping through this, the average year for colony establishment is 1678, which is 340 years ago. Two qualifying events in 340 years is a 0.5882% annual chance of nationwide violent revolution against the ruling government. Do the same math as we did above with the floodplains, in precisely the same way, and we see a 37% chance that any American of average life expectancy will experience at least one nationwide violent revolution.
This is a bigger chance than your floodplain-bound home flooding during your mortgage.
It’s noticeably bigger.
Following the same procedure, we can see that even over an 18-year span we have a 10% chance of violent revolution, which is an interesting thought experiment to entertain before you have kids. It’s also important to note that a violent nation-state transition doesn’t just affect people who live in a floodplain. It affects everyone stuck in the middle. Especially the poor and defenseless.
But You’re Cheating
Am I? Two instances in 340 years is not a great data pool to work with, I will grant, but if you take a grab sample of other countries around the world you’ll see this could be much worse. Since our 1678 benchmark, Russia has had a two world wars, a civil war, a revolution, and at least half a dozen uprisings, depending on how you want to count them. Depending on when you start the clock, France had a 30-year war, a seven-year war, a particularly nasty revolution, a counter-revolution, that Napoleon thing, and a couple of world wars tacked on the end. China, North Korea, Vietnam, and basically most of the Pacific Rim has had some flavor of violent revolution in the last 100 years, sometimes more than one. With Africa, it’s hard to even conceive where to start and end the data points. Most Central and South American countries have had significant qualifying events in the time span. And honestly, if we were to widen our analysis to not only include nationwide violent civil wars, but also instances of slavery, internment, and taking of native lands, our own numbers go way up.
Or we could look at a modern snapshot. Counting places like the Vatican, we have 195 countries on the planet today. Somalia is basically in perpetual war, Syria is a hot mess with no signs of mitigation any time soon, Iraq is sketchy, Afghanistan has been in some flavor of civil war or occupation my entire life outside the salad days of the Taliban, and Libya is in such deep throes of anarchy that they’ve reinvented the African slave trade. Venezuela. The Israeli-Palestinian conflict may be a qualifying event depending on how you define it. And again, Africa is … hard to even conceive of where to start. Spitballing, perhaps 3% of the nations in the modern world are in some version of violent revolt against the ruling government, some worse than others. There’s at least some case to be made that our 0.5% annual chance estimate may be low, if we’re looking at comps.
Or we could look at a broader historical brush. Since the fall of Constantinople in 1453, there have been 465 sovereign nations which no longer exist, and that doesn’t even count colonies, secessionist states, or annexed countries. Even if we presume that half of these nation-state transitions were peaceful, which is probably a vast over-estimation, that’s still an average of one violent state transition every 2.43 years.
If we look at raw dialectic alone, we reach dismal conclusions. “Do you think the United States will exist forever and until the end of time?” Clearly any reasonable answer must be “no.” So at that point, we’re not talking “if,” but “when.” If you don’t believe my presumed probability, cook up your own, based on whatever givens and data pool you’d like, and plug it in. The equations are right up there. Steelman my argument in whatever way you like, and the answer will still probably scare you.
Eyes on the Horizon
In 2010, 8.5 million tourists visited Syria, accounting for 14% of their entire GDP. Eight years later, they have almost half a million dead citizens, and ten million more displaced into Europe. They didn’t see this coming, because if they did, they would have fled sooner. Nobody notices the signs of impending doom unless they’re looking carefully.
Further, the elites of a nation rarely take it on the chin. They can hop on a plane. The poor, disenfranchised, and defenseless experience the preponderance of the suffering, violence, and death. They’re the ones that should be worried.
Pretend you’re someone with your eyes on the horizon. What would you be looking for, exactly? Increasing partisanship. Civil disorder. Coup rhetoric. A widening wealth gap. A further entrenching oligarchy. Dysfunctional governance. The rise of violent extremist ideologies such as Nazism and Communism. Violent street protests. People marching with masks and dressing like the Italian Blackshirts. Attempts at large scale political assassination. Any one of those might not necessarily be the canary in the coal mine, but all of them in aggregate might be alarming to someone with their eyes on the horizon. Someone with disproportionate faith in the state is naturally inclined to disregard these sorts of events as a cognitive bias, while someone with little faith in the state might take these signs to mean they should buy a few more boxes of ammunition.
“Prepping” is Just Disaster Planning
“But if one of these things happens, you’re screwed anyway!” Well, sure. The point of disaster planning for a hurricane, tornado, earthquake, or wildfire, is not to be “not-screwed.” It’s to be notably less screwed. Ready.gov is the central point for information about family disaster preparedness planning here in the US. They list a wide range of things they think you might want to prepare for. Chief among these is flooding, which is my field, but they also list many other things an alarmist might include in their family disaster preparedness plan, from volcanoes and tsunamis to space debris, nukes, and terrorist dirty bombs. Violent nation-state transition doesn’t make the list, though, because the list was compiled by the government. But the best one to prepare for, in my opinion, is zombies.
The zombie apocalypse is obviously pure fiction, but it has an allure to a few tongue-in-cheek preppers because of its functional completeness. If you are prepared for zombies, you are literally prepared for anything. The key fixture of zombie preparedness is a fundamental understanding of what happens when our systems of economics, governance, and civil infrastructure fail. There’s a great one going on right now in Venezuela, with people eating rats and dogs, incapable of trading in the local currency, and a general humanitarian disaster associated with descent into anarchy. No class of person is more capable of riding out a situation like that than a well-provisioned zombie prepper. Various fixtures of zombie prepping include:
Food stockpiles
Access to clean (or cleanable) water
Shelter that exists away from the zombies (a.k.a. other citizens)
Subsistence agriculture
Medicinal supplies
A way to defend items 1–5. In modern terms, that means firearms. Rifles in particular.
Optional: Escape method. Sailboats rank highly on any objective list here.
For the ethical zombie prepper, firearms are a relatively small piece of this overall disaster plan, but a necessary one. For an unethical zombie prepper, firearms may be all they need, if they can find someone else from whom to steal.
The Bosnian War is a great test case for this, and many firsthand experienceshave been chronicled since, about how prepper-minded people were the likeliest to survive.
And it’s not just tin foil hat equipped right wingers thinking about this stuff. There’s a widely reported trend of Silicon Valley billionaires building apocalypse bunkers, as many as 50% according to Steve Huffman, the guy who founded Reddit. Yishan Wong, another former Reddit CEO, goes through a conceptual ROI analysis with The New Yorker.
Yishan Wong, an early Facebook employee, was the C.E.O. of Reddit from 2012 to 2014. He, too, had eye surgery for survival purposes, eliminating his dependence, as he put it, “on a nonsustainable external aid for perfect vision.” In an e-mail, Wong told me, “Most people just assume improbable events don’t happen, but technical people tend to view risk very mathematically.” He continued, “The tech preppers do not necessarily think a collapse is likely. They consider it a remote event, but one with a very severe downside, so, given how much money they have, spending a fraction of their net worth to hedge against this . . . is a logical thing to do.”
And it’s not just the techies. A lot of folks in Hollywood are thinking the same thing. It’s big business out there.
Gary Lynch, GM at Rising S Bunkers, a Texas-based company that specializes in underground bunkers and services scores of Los Angeles residences, says that sales at the most upscale end of the market��— mainly to actors, pro athletes and politicians (who require signed NDAs) — have increased 700 percent this year compared with 2015, and overall sales have risen 150 percent.
So that’s another canary in the coal mine for the tin foil hat right winger — you have a class of people who are vehemently demanding confiscation of rifles in the public sphere, while some of them are secretly building underground fortresses in the private sphere.
Buy another box of ammo. Clearly.
A Fundamental Disconnect on Rifles
When our semiannual mass shooter culture war erupts after the latest round of media Handwaving Freakoutery, it always seems to focus on rifles. Most recently, we had some guy cut his own AR-15 in half on YouTube, to thunderous applause. Don’t mischaracterize my position. If Mr. Pappalardo thought that he might be prone to murdering someone with his rifle, or more statistically likely — purposely killing himself with it, then he should absolutely sell or destroy it. But if he isn’t going to do either of those things, all he must do to ensure it doesn’t hurt anyone is not shoot anyone with it. He could leave it in his attic with a couple of cans of ammunition, just in case something horrible does transpire where he might actually need it. There are certain things in the world you’d rather have and not need, than need and not have. And paramount among those things, given the state of the modern human condition, is a rifle.
So if you ask someone else on the opposite side of a culture war argument, “Why would you want to own one of those things, anyway?” please don’t be surprised if they simply respond, “Why wouldn’t you?”
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unifiedsuccess · 5 years ago
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📢 "Marketing is really just about sharing your 🤎 🤍passion🤎 🤍.". – Michael Hyatt , virtual business mentor. 🤎😃🤍 🤎🤑🤍 🤎🥳🤍 🤎🤠🤍 🤎👽🤍 #realestate #realty #broker #forsale #newhome #househunting #property #properties #investment #home #housing #mortgage #foreclosure #selling #listing #renovated #marblecountertops #fixandflip #homeinspection #justlisted #justsold #openhouse #offmarketlisting #newlisting #homesale #homeforsale #eatinkitchen #motherinlawsuite #emptynest #petfriendly ☆☆●●○○☆☆ (at Newark Reservoir) https://www.instagram.com/p/CBEE258jnhX/?igshid=113jnnkkb9wqj
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drunzzy01-blog · 6 years ago
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melissawalker01 · 4 years ago
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Foreclosure Lawyer Park City Utah
Park City is a city in Summit County, Utah, United States. It is considered to be part of the Wasatch Back. The city is 32 miles (51 km) southeast of downtown Salt Lake City and 20 miles (32 km) from Salt Lake City’s east edge of Sugar House along Interstate 80. The population was 7,558 at the 2010 census. On average, the tourist population greatly exceeds the number of permanent residents. After a population decline following the shutdown of the area’s mining industry, the city rebounded during the 1980s and 1990s through an expansion of its tourism business. The city currently brings in a yearly average of $529.8 million to the Utah Economy as a tourist hot spot, $80 million of which is attributed to the Sundance Film Festival. The city has two major ski resorts: Deer Valley Resort and Park City Mountain Resort. Both ski resorts were the major locations for ski and snowboarding events at the 2002 Winter Olympics. Although they receive less snow and have a shorter ski season than do their counterparts in Salt Lake County, such as Snowbird resort, they are much easier to access. In 2015, Park City Ski Resort and Canyons resorts merged creating the largest ski area in the U.S. In all, the resort boasts 17 slopes, 14 bowls, 300 trails and 22 miles of lifts. Additionally the city is the main location of the United States’ largest independent film festival, the Sundance Film Festival, home of the United States Ski Team, training center for members of the Australian Freestyle Ski Team, the largest collection of factory outlet stores in northern Utah, the 2002 Olympic bobsled/skeleton/luge track at the Utah Olympic Park, and golf courses. Some scenes from the 1994 film Dumb and Dumber were shot in the city. Outdoor-oriented businesses such as backcountry.com, Rossignol USA, and Skullcandy have their headquarters in Park City. The city has many retailers, clubs, bars, and restaurants, and has nearby reservoirs, hot springs, forests, and hiking and biking trails. In the summertime many valley residents of the Wasatch Front visit the town to escape high temperatures. Park City is usually cooler than Salt Lake City as it lies mostly higher than 7,000 feet (2,100 m) above sea level, while Salt Lake City is situated at an elevation of about 4,300 feet (1,300 m). In 2008, Park City was named by Forbes Traveler Magazine as one of the “20 prettiest towns” in the United States.] In 2011, the town was awarded a Gold-level Ride Center designation from the International Mountain Bicycling Association for its mountain bike trails, amenities and community.
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Nestled in the Wasatch Mountains, Park City, Utah offers all the benefits of resort living, with the conveniences and opportunities that can only be provided by a major metropolis. At 7,000 feet above sea level, Park City (Pop. 7,500) is a short 35 mile drive from the Salt Lake International Airport, enabling it to remain one of only a handful of resort destinations, worldwide, that can provide such accessibility advantages. As some locals like to point out, “it is possible to leave New York City in the morning and ski the fresh powder of Park City by noon!” The convenience, accessibility and most importantly the lifestyle of Park City living are the reasons people live here, but I will get to that in a minute. Park City was originally a mining town. In an effort to bring non-Mormons into the Utah Territory, Colonel Patrick E. Connor of Fort Douglas commissioned a search to explore the mountains surrounding Salt Lake City for mining opportunities. As records indicate, the first mining deed recorded within the Park City Mining District was the “Young American Lode” in December 1869. By the mid-1870s, production within Park City had begun in earnest, fueled by the discovery of a large vein of silver ore in what would later become the Ontario Mine. At its peak, the mine was considered the largest and most productive silver mine in the world. In May of 1872, an early settler, George Snyder, brought his family to the mountainous area that is now Park City. Inspired by the beautiful wildflowers, lush vegetation and picturesque setting, he appropriately named the area, “…Park City, for it is a veritable park.” In 1884, Park City was incorporated. By the late 20th century Park City had changed into a resort community. The Park City Ski Area had opened and the old mines had begun to operate as museums for tourists, school children, and locals. As a tourist hot spot, the city currently contributes an average of $529,800,000 annually to the Utah Economy. Since the rise of the skiing and tourist trade, Park City houses more tourists than residents. It has become a place of fame through the 2002 Winter Olympics. The Sundance Film Festival is another drawing card and affords more recreational and employment opportunities than ever before. Park City is small with a population of 7,500. The average number of tourists in Park City is 600,000 per year. Park City is located in Summit County, Utah and is considered to be part of the Wasatch Back. The Wasatch Mountain Range, with its towering 12,000 ft. peaks is widely considered to have the “Greatest Snow on Earth”. Its light fluffy texture is a result of the areas low humidity, its ideal temperatures, and its geographic location relative to the mountains. This unique marriage of weather conditions truly provide for an unparalleled skiing and snowboarding experience that is known the world over. So what’s it really like to live in Park City? Read on to learn how locals adapt to this unique area.
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Owning a Home
Park City consistently ranks as one of the wealthiest areas of the country and continues to attract people from every corner of the United States. It naturally follows, that real estate is reflective of this, not only in the type of homes that are built, but in their cost as well. Homes within the Park City area range in price from the low $300’s to well in excess of $20M, and the average price of a home falls in the mid $700’s. Park City has not been immune to the recession of 2008 – 2009, and has experience a 10%-15% overall decrease in home values during that period. Home prices stabilized by the second quarter of 2010 and have remained stable ever since, according to Sheila Hall, an Associate Broker and Realtor with Equity Real Estate Luxury Group. “Overall sales volume has been up 24% during that same period of 2010, as compared with the second quarter of 2011. Sales of distressed properties remain a significant part of our market, but have dropped to 27% of all sales, down from 35% at the end of the first quarter 2011. It is interesting to note, that our second quarter sales are the highest we have seen since the fourth quarter of 2007.”
What Factors Cause Foreclosure Costs to Vary?
How much a lawyer charges will certainly be a factor in the cost of a foreclosure. However, there are many other considerations ultimately determine how expensive the process will be. Below is a general lay out of the costs typically associated with home foreclosure: • Type of Foreclosure – The cost of a foreclosure can vary largely on whether the mortgage loan has just recently fallen into default and the homeowners are willing to surrender the property, or if they are going to attempt to reinstate the home loan or otherwise defend against the foreclosure process. • Costs – It is not uncommon for a loan servicer to assess additional charges against a borrower in default. Default-related fees include: • Property inspection and preservation costs • Foreclosure costs and fees, including: Filing fees, notice and certified mailing costs, where a loan is reinstated, and potentially the lender’s attorney’s fees. • Corporate advances • Attorney’s Fees – Generally, each party will be responsible for their own costs. However, there are some instances where the lender may seek to have the borrower pay for a portion or all of their foreclosure fees. Moreover, these fees may vary depending on how complicated the defense will be and how long the foreclosure will take.
The primary reasons for the large disparity in the cost of a foreclosure are: • The type of foreclosure defense strategy • The lawyer’s fee structure Generally, foreclosure lawyers either bill through a flat fee or by the hour. If a lawyer charges a flat fee, expect to pay $1,000-$4,000. There is a common misconception that a lower fee may indicate a low quality legal representation; however nothing could be further from the truth. A lower fee is simply an assessment of what work the lawyer expects to do with respect to the difficulty of the case. Thus, if a foreclosure is going to be quick and relatively straight forward, a lawyer will likely charge a lower flat fee. By contrast, if the borrower is adamant about continuing to live in the house, or is otherwise putting forth difficult foreclosure defenses, the fee will likely be higher.
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Hourly rates typically vary depending on the skills and time restraints of the lawyer. Expect to pay $300-$500 an hour for a lawyer’s time. Remember, similar to a lower flat rate, a lower hourly rate is in no way indicative of the quality of representation. In fact, the opposite may be true; a lower hourly rate may reflect the lawyer’s analysis that a case will be long, and with several complicated defenses, meaning many, many hours will be required to reach result that is favorable to their client. Thus, charging a “lower” hourly fee is simply taking into account how costly the overall case may be, and a lower fee may be the only way to ensure a case remains affordable for a client. A lawyer who works on an hourly rate may also require the payment of a retainer. A retainer covers a set amount of a lawyer’s time, and after the retainer is expended, a standard hourly rate will apply. For example, if the lawyer requires a retainer of $3,000, and bills at a rate of $150 an hour, then that retainer will cover 20 hours of the lawyer’s time. With an hourly fee structure, it is not uncommon for legal bills to get into the $10,000 – $15,000 range quickly. Thus, this type of billing system is most common where a complicated foreclosure defense will be employed, or where a home is quite valuable and the owners do not want to lose it.
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The best fee structure is the one that best suit your needs, and real estate lawyers understand that. It is always a good practice to learn more about what you are paying for, and having a better idea of what a foreclosure will cost you when you go in for an initial consultation will better situate you to start a dialogue with your lawyer about their fee structure and why they use the one they do.
the foreclosure lawyer you want
When you buy a pair of shoes, you know exactly what you are getting. When you buy an attorney’s services, you start out with only a few vague assurances. The person, who hires a lawyer he does not trust, or is suspicious of, is certainly not making the best use of his money.
How can you know you are getting your money’s worth?
To begin, it is up to the client to establish his or her comfort level of trust and confidence in the lawyer to be hired for the task. How long has he or she been representing clients in foreclosure? What percentage of their practice is dedicated to defending foreclosures, or helping clients successfully reach alternatives to foreclosure such as mortgage modification or loan workouts, short sales or deeds in lieu, or renegotiation of a second mortgage?
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Is the lawyer sophisticated in assisting clients with serious debt problems? Do they work diligently with clients to find debt relief solutions so they can really manage their debt and get on a secure financial track once more? After the trust factor is settled, the other sure way to get your money’s worth out of your attorney is to tell him honestly and completely all the facts of your case. Hold nothing back. A seemingly trivial detail may be pivotal to your case. Reasonable legal fees paid to a good foreclosure lawyer will substantially benefit you. For clients who succeed in defending the foreclosure or avoiding foreclosure via alternative measures, the benefit of retaining a highly experienced foreclosure law firm is clear. Sometimes the client is not able to keep the home. Even in this situation, proficient legal counsel will protect your rights with solutions much more favorable that foreclosure, as well as protecting you from the liability associated with foreclosure, and keeping you clear of risks and scams.
Foreclosure Attorney
When you need a Park City Utah Lawyer for Foreclosure, please call Ascent Law LLC for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
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asafeatherwould · 4 years ago
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Foreclosure Lawyer Park City Utah
Park City is a city in Summit County, Utah, United States. It is considered to be part of the Wasatch Back. The city is 32 miles (51 km) southeast of downtown Salt Lake City and 20 miles (32 km) from Salt Lake City’s east edge of Sugar House along Interstate 80. The population was 7,558 at the 2010 census. On average, the tourist population greatly exceeds the number of permanent residents. After a population decline following the shutdown of the area’s mining industry, the city rebounded during the 1980s and 1990s through an expansion of its tourism business. The city currently brings in a yearly average of $529.8 million to the Utah Economy as a tourist hot spot, $80 million of which is attributed to the Sundance Film Festival. The city has two major ski resorts: Deer Valley Resort and Park City Mountain Resort. Both ski resorts were the major locations for ski and snowboarding events at the 2002 Winter Olympics. Although they receive less snow and have a shorter ski season than do their counterparts in Salt Lake County, such as Snowbird resort, they are much easier to access. In 2015, Park City Ski Resort and Canyons resorts merged creating the largest ski area in the U.S. In all, the resort boasts 17 slopes, 14 bowls, 300 trails and 22 miles of lifts. Additionally the city is the main location of the United States’ largest independent film festival, the Sundance Film Festival, home of the United States Ski Team, training center for members of the Australian Freestyle Ski Team, the largest collection of factory outlet stores in northern Utah, the 2002 Olympic bobsled/skeleton/luge track at the Utah Olympic Park, and golf courses. Some scenes from the 1994 film Dumb and Dumber were shot in the city. Outdoor-oriented businesses such as backcountry.com, Rossignol USA, and Skullcandy have their headquarters in Park City. The city has many retailers, clubs, bars, and restaurants, and has nearby reservoirs, hot springs, forests, and hiking and biking trails. In the summertime many valley residents of the Wasatch Front visit the town to escape high temperatures. Park City is usually cooler than Salt Lake City as it lies mostly higher than 7,000 feet (2,100 m) above sea level, while Salt Lake City is situated at an elevation of about 4,300 feet (1,300 m). In 2008, Park City was named by Forbes Traveler Magazine as one of the “20 prettiest towns” in the United States.] In 2011, the town was awarded a Gold-level Ride Center designation from the International Mountain Bicycling Association for its mountain bike trails, amenities and community.
youtube
Nestled in the Wasatch Mountains, Park City, Utah offers all the benefits of resort living, with the conveniences and opportunities that can only be provided by a major metropolis. At 7,000 feet above sea level, Park City (Pop. 7,500) is a short 35 mile drive from the Salt Lake International Airport, enabling it to remain one of only a handful of resort destinations, worldwide, that can provide such accessibility advantages. As some locals like to point out, “it is possible to leave New York City in the morning and ski the fresh powder of Park City by noon!” The convenience, accessibility and most importantly the lifestyle of Park City living are the reasons people live here, but I will get to that in a minute. Park City was originally a mining town. In an effort to bring non-Mormons into the Utah Territory, Colonel Patrick E. Connor of Fort Douglas commissioned a search to explore the mountains surrounding Salt Lake City for mining opportunities. As records indicate, the first mining deed recorded within the Park City Mining District was the “Young American Lode” in December 1869. By the mid-1870s, production within Park City had begun in earnest, fueled by the discovery of a large vein of silver ore in what would later become the Ontario Mine. At its peak, the mine was considered the largest and most productive silver mine in the world. In May of 1872, an early settler, George Snyder, brought his family to the mountainous area that is now Park City. Inspired by the beautiful wildflowers, lush vegetation and picturesque setting, he appropriately named the area, “…Park City, for it is a veritable park.” In 1884, Park City was incorporated. By the late 20th century Park City had changed into a resort community. The Park City Ski Area had opened and the old mines had begun to operate as museums for tourists, school children, and locals. As a tourist hot spot, the city currently contributes an average of $529,800,000 annually to the Utah Economy. Since the rise of the skiing and tourist trade, Park City houses more tourists than residents. It has become a place of fame through the 2002 Winter Olympics. The Sundance Film Festival is another drawing card and affords more recreational and employment opportunities than ever before. Park City is small with a population of 7,500. The average number of tourists in Park City is 600,000 per year. Park City is located in Summit County, Utah and is considered to be part of the Wasatch Back. The Wasatch Mountain Range, with its towering 12,000 ft. peaks is widely considered to have the “Greatest Snow on Earth”. Its light fluffy texture is a result of the areas low humidity, its ideal temperatures, and its geographic location relative to the mountains. This unique marriage of weather conditions truly provide for an unparalleled skiing and snowboarding experience that is known the world over. So what’s it really like to live in Park City? Read on to learn how locals adapt to this unique area.
youtube
Owning a Home
Park City consistently ranks as one of the wealthiest areas of the country and continues to attract people from every corner of the United States. It naturally follows, that real estate is reflective of this, not only in the type of homes that are built, but in their cost as well. Homes within the Park City area range in price from the low $300’s to well in excess of $20M, and the average price of a home falls in the mid $700’s. Park City has not been immune to the recession of 2008 – 2009, and has experience a 10%-15% overall decrease in home values during that period. Home prices stabilized by the second quarter of 2010 and have remained stable ever since, according to Sheila Hall, an Associate Broker and Realtor with Equity Real Estate Luxury Group. “Overall sales volume has been up 24% during that same period of 2010, as compared with the second quarter of 2011. Sales of distressed properties remain a significant part of our market, but have dropped to 27% of all sales, down from 35% at the end of the first quarter 2011. It is interesting to note, that our second quarter sales are the highest we have seen since the fourth quarter of 2007.”
What Factors Cause Foreclosure Costs to Vary?
How much a lawyer charges will certainly be a factor in the cost of a foreclosure. However, there are many other considerations ultimately determine how expensive the process will be. Below is a general lay out of the costs typically associated with home foreclosure: • Type of Foreclosure – The cost of a foreclosure can vary largely on whether the mortgage loan has just recently fallen into default and the homeowners are willing to surrender the property, or if they are going to attempt to reinstate the home loan or otherwise defend against the foreclosure process. • Costs – It is not uncommon for a loan servicer to assess additional charges against a borrower in default. Default-related fees include: • Property inspection and preservation costs • Foreclosure costs and fees, including: Filing fees, notice and certified mailing costs, where a loan is reinstated, and potentially the lender’s attorney’s fees. • Corporate advances • Attorney’s Fees – Generally, each party will be responsible for their own costs. However, there are some instances where the lender may seek to have the borrower pay for a portion or all of their foreclosure fees. Moreover, these fees may vary depending on how complicated the defense will be and how long the foreclosure will take.
The primary reasons for the large disparity in the cost of a foreclosure are: • The type of foreclosure defense strategy • The lawyer’s fee structure Generally, foreclosure lawyers either bill through a flat fee or by the hour. If a lawyer charges a flat fee, expect to pay $1,000-$4,000. There is a common misconception that a lower fee may indicate a low quality legal representation; however nothing could be further from the truth. A lower fee is simply an assessment of what work the lawyer expects to do with respect to the difficulty of the case. Thus, if a foreclosure is going to be quick and relatively straight forward, a lawyer will likely charge a lower flat fee. By contrast, if the borrower is adamant about continuing to live in the house, or is otherwise putting forth difficult foreclosure defenses, the fee will likely be higher.
youtube
Hourly rates typically vary depending on the skills and time restraints of the lawyer. Expect to pay $300-$500 an hour for a lawyer’s time. Remember, similar to a lower flat rate, a lower hourly rate is in no way indicative of the quality of representation. In fact, the opposite may be true; a lower hourly rate may reflect the lawyer’s analysis that a case will be long, and with several complicated defenses, meaning many, many hours will be required to reach result that is favorable to their client. Thus, charging a “lower” hourly fee is simply taking into account how costly the overall case may be, and a lower fee may be the only way to ensure a case remains affordable for a client. A lawyer who works on an hourly rate may also require the payment of a retainer. A retainer covers a set amount of a lawyer’s time, and after the retainer is expended, a standard hourly rate will apply. For example, if the lawyer requires a retainer of $3,000, and bills at a rate of $150 an hour, then that retainer will cover 20 hours of the lawyer’s time. With an hourly fee structure, it is not uncommon for legal bills to get into the $10,000 – $15,000 range quickly. Thus, this type of billing system is most common where a complicated foreclosure defense will be employed, or where a home is quite valuable and the owners do not want to lose it.
youtube
The best fee structure is the one that best suit your needs, and real estate lawyers understand that. It is always a good practice to learn more about what you are paying for, and having a better idea of what a foreclosure will cost you when you go in for an initial consultation will better situate you to start a dialogue with your lawyer about their fee structure and why they use the one they do.
the foreclosure lawyer you want
When you buy a pair of shoes, you know exactly what you are getting. When you buy an attorney’s services, you start out with only a few vague assurances. The person, who hires a lawyer he does not trust, or is suspicious of, is certainly not making the best use of his money.
How can you know you are getting your money’s worth?
To begin, it is up to the client to establish his or her comfort level of trust and confidence in the lawyer to be hired for the task. How long has he or she been representing clients in foreclosure? What percentage of their practice is dedicated to defending foreclosures, or helping clients successfully reach alternatives to foreclosure such as mortgage modification or loan workouts, short sales or deeds in lieu, or renegotiation of a second mortgage?
youtube
Is the lawyer sophisticated in assisting clients with serious debt problems? Do they work diligently with clients to find debt relief solutions so they can really manage their debt and get on a secure financial track once more? After the trust factor is settled, the other sure way to get your money’s worth out of your attorney is to tell him honestly and completely all the facts of your case. Hold nothing back. A seemingly trivial detail may be pivotal to your case. Reasonable legal fees paid to a good foreclosure lawyer will substantially benefit you. For clients who succeed in defending the foreclosure or avoiding foreclosure via alternative measures, the benefit of retaining a highly experienced foreclosure law firm is clear. Sometimes the client is not able to keep the home. Even in this situation, proficient legal counsel will protect your rights with solutions much more favorable that foreclosure, as well as protecting you from the liability associated with foreclosure, and keeping you clear of risks and scams.
Foreclosure Attorney
When you need a Park City Utah Lawyer for Foreclosure, please call Ascent Law LLC for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Recent Posts
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Utah Divorce Code 30-3-10.10
Wage Garnishment
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Source: https://www.ascentlawfirm.com/foreclosure-lawyer-park-city-utah/
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michaeljames1221 · 4 years ago
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Foreclosure Lawyer Park City Utah
Park City is a city in Summit County, Utah, United States. It is considered to be part of the Wasatch Back. The city is 32 miles (51 km) southeast of downtown Salt Lake City and 20 miles (32 km) from Salt Lake City’s east edge of Sugar House along Interstate 80. The population was 7,558 at the 2010 census. On average, the tourist population greatly exceeds the number of permanent residents. After a population decline following the shutdown of the area’s mining industry, the city rebounded during the 1980s and 1990s through an expansion of its tourism business. The city currently brings in a yearly average of $529.8 million to the Utah Economy as a tourist hot spot, $80 million of which is attributed to the Sundance Film Festival. The city has two major ski resorts: Deer Valley Resort and Park City Mountain Resort. Both ski resorts were the major locations for ski and snowboarding events at the 2002 Winter Olympics. Although they receive less snow and have a shorter ski season than do their counterparts in Salt Lake County, such as Snowbird resort, they are much easier to access. In 2015, Park City Ski Resort and Canyons resorts merged creating the largest ski area in the U.S. In all, the resort boasts 17 slopes, 14 bowls, 300 trails and 22 miles of lifts. Additionally the city is the main location of the United States’ largest independent film festival, the Sundance Film Festival, home of the United States Ski Team, training center for members of the Australian Freestyle Ski Team, the largest collection of factory outlet stores in northern Utah, the 2002 Olympic bobsled/skeleton/luge track at the Utah Olympic Park, and golf courses. Some scenes from the 1994 film Dumb and Dumber were shot in the city. Outdoor-oriented businesses such as backcountry.com, Rossignol USA, and Skullcandy have their headquarters in Park City. The city has many retailers, clubs, bars, and restaurants, and has nearby reservoirs, hot springs, forests, and hiking and biking trails. In the summertime many valley residents of the Wasatch Front visit the town to escape high temperatures. Park City is usually cooler than Salt Lake City as it lies mostly higher than 7,000 feet (2,100 m) above sea level, while Salt Lake City is situated at an elevation of about 4,300 feet (1,300 m). In 2008, Park City was named by Forbes Traveler Magazine as one of the “20 prettiest towns” in the United States.] In 2011, the town was awarded a Gold-level Ride Center designation from the International Mountain Bicycling Association for its mountain bike trails, amenities and community.
youtube
Nestled in the Wasatch Mountains, Park City, Utah offers all the benefits of resort living, with the conveniences and opportunities that can only be provided by a major metropolis. At 7,000 feet above sea level, Park City (Pop. 7,500) is a short 35 mile drive from the Salt Lake International Airport, enabling it to remain one of only a handful of resort destinations, worldwide, that can provide such accessibility advantages. As some locals like to point out, “it is possible to leave New York City in the morning and ski the fresh powder of Park City by noon!” The convenience, accessibility and most importantly the lifestyle of Park City living are the reasons people live here, but I will get to that in a minute. Park City was originally a mining town. In an effort to bring non-Mormons into the Utah Territory, Colonel Patrick E. Connor of Fort Douglas commissioned a search to explore the mountains surrounding Salt Lake City for mining opportunities. As records indicate, the first mining deed recorded within the Park City Mining District was the “Young American Lode” in December 1869. By the mid-1870s, production within Park City had begun in earnest, fueled by the discovery of a large vein of silver ore in what would later become the Ontario Mine. At its peak, the mine was considered the largest and most productive silver mine in the world. In May of 1872, an early settler, George Snyder, brought his family to the mountainous area that is now Park City. Inspired by the beautiful wildflowers, lush vegetation and picturesque setting, he appropriately named the area, “…Park City, for it is a veritable park.” In 1884, Park City was incorporated. By the late 20th century Park City had changed into a resort community. The Park City Ski Area had opened and the old mines had begun to operate as museums for tourists, school children, and locals. As a tourist hot spot, the city currently contributes an average of $529,800,000 annually to the Utah Economy. Since the rise of the skiing and tourist trade, Park City houses more tourists than residents. It has become a place of fame through the 2002 Winter Olympics. The Sundance Film Festival is another drawing card and affords more recreational and employment opportunities than ever before. Park City is small with a population of 7,500. The average number of tourists in Park City is 600,000 per year. Park City is located in Summit County, Utah and is considered to be part of the Wasatch Back. The Wasatch Mountain Range, with its towering 12,000 ft. peaks is widely considered to have the “Greatest Snow on Earth”. Its light fluffy texture is a result of the areas low humidity, its ideal temperatures, and its geographic location relative to the mountains. This unique marriage of weather conditions truly provide for an unparalleled skiing and snowboarding experience that is known the world over. So what’s it really like to live in Park City? Read on to learn how locals adapt to this unique area.
youtube
Owning a Home
Park City consistently ranks as one of the wealthiest areas of the country and continues to attract people from every corner of the United States. It naturally follows, that real estate is reflective of this, not only in the type of homes that are built, but in their cost as well. Homes within the Park City area range in price from the low $300’s to well in excess of $20M, and the average price of a home falls in the mid $700’s. Park City has not been immune to the recession of 2008 – 2009, and has experience a 10%-15% overall decrease in home values during that period. Home prices stabilized by the second quarter of 2010 and have remained stable ever since, according to Sheila Hall, an Associate Broker and Realtor with Equity Real Estate Luxury Group. “Overall sales volume has been up 24% during that same period of 2010, as compared with the second quarter of 2011. Sales of distressed properties remain a significant part of our market, but have dropped to 27% of all sales, down from 35% at the end of the first quarter 2011. It is interesting to note, that our second quarter sales are the highest we have seen since the fourth quarter of 2007.”
What Factors Cause Foreclosure Costs to Vary?
How much a lawyer charges will certainly be a factor in the cost of a foreclosure. However, there are many other considerations ultimately determine how expensive the process will be. Below is a general lay out of the costs typically associated with home foreclosure: • Type of Foreclosure – The cost of a foreclosure can vary largely on whether the mortgage loan has just recently fallen into default and the homeowners are willing to surrender the property, or if they are going to attempt to reinstate the home loan or otherwise defend against the foreclosure process. • Costs – It is not uncommon for a loan servicer to assess additional charges against a borrower in default. Default-related fees include: • Property inspection and preservation costs • Foreclosure costs and fees, including: Filing fees, notice and certified mailing costs, where a loan is reinstated, and potentially the lender’s attorney’s fees. • Corporate advances • Attorney’s Fees – Generally, each party will be responsible for their own costs. However, there are some instances where the lender may seek to have the borrower pay for a portion or all of their foreclosure fees. Moreover, these fees may vary depending on how complicated the defense will be and how long the foreclosure will take.
The primary reasons for the large disparity in the cost of a foreclosure are: • The type of foreclosure defense strategy • The lawyer’s fee structure Generally, foreclosure lawyers either bill through a flat fee or by the hour. If a lawyer charges a flat fee, expect to pay $1,000-$4,000. There is a common misconception that a lower fee may indicate a low quality legal representation; however nothing could be further from the truth. A lower fee is simply an assessment of what work the lawyer expects to do with respect to the difficulty of the case. Thus, if a foreclosure is going to be quick and relatively straight forward, a lawyer will likely charge a lower flat fee. By contrast, if the borrower is adamant about continuing to live in the house, or is otherwise putting forth difficult foreclosure defenses, the fee will likely be higher.
youtube
Hourly rates typically vary depending on the skills and time restraints of the lawyer. Expect to pay $300-$500 an hour for a lawyer’s time. Remember, similar to a lower flat rate, a lower hourly rate is in no way indicative of the quality of representation. In fact, the opposite may be true; a lower hourly rate may reflect the lawyer’s analysis that a case will be long, and with several complicated defenses, meaning many, many hours will be required to reach result that is favorable to their client. Thus, charging a “lower” hourly fee is simply taking into account how costly the overall case may be, and a lower fee may be the only way to ensure a case remains affordable for a client. A lawyer who works on an hourly rate may also require the payment of a retainer. A retainer covers a set amount of a lawyer’s time, and after the retainer is expended, a standard hourly rate will apply. For example, if the lawyer requires a retainer of $3,000, and bills at a rate of $150 an hour, then that retainer will cover 20 hours of the lawyer’s time. With an hourly fee structure, it is not uncommon for legal bills to get into the $10,000 – $15,000 range quickly. Thus, this type of billing system is most common where a complicated foreclosure defense will be employed, or where a home is quite valuable and the owners do not want to lose it.
youtube
The best fee structure is the one that best suit your needs, and real estate lawyers understand that. It is always a good practice to learn more about what you are paying for, and having a better idea of what a foreclosure will cost you when you go in for an initial consultation will better situate you to start a dialogue with your lawyer about their fee structure and why they use the one they do.
the foreclosure lawyer you want
When you buy a pair of shoes, you know exactly what you are getting. When you buy an attorney’s services, you start out with only a few vague assurances. The person, who hires a lawyer he does not trust, or is suspicious of, is certainly not making the best use of his money.
How can you know you are getting your money’s worth?
To begin, it is up to the client to establish his or her comfort level of trust and confidence in the lawyer to be hired for the task. How long has he or she been representing clients in foreclosure? What percentage of their practice is dedicated to defending foreclosures, or helping clients successfully reach alternatives to foreclosure such as mortgage modification or loan workouts, short sales or deeds in lieu, or renegotiation of a second mortgage?
youtube
Is the lawyer sophisticated in assisting clients with serious debt problems? Do they work diligently with clients to find debt relief solutions so they can really manage their debt and get on a secure financial track once more? After the trust factor is settled, the other sure way to get your money’s worth out of your attorney is to tell him honestly and completely all the facts of your case. Hold nothing back. A seemingly trivial detail may be pivotal to your case. Reasonable legal fees paid to a good foreclosure lawyer will substantially benefit you. For clients who succeed in defending the foreclosure or avoiding foreclosure via alternative measures, the benefit of retaining a highly experienced foreclosure law firm is clear. Sometimes the client is not able to keep the home. Even in this situation, proficient legal counsel will protect your rights with solutions much more favorable that foreclosure, as well as protecting you from the liability associated with foreclosure, and keeping you clear of risks and scams.
Foreclosure Attorney
When you need a Park City Utah Lawyer for Foreclosure, please call Ascent Law LLC for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Recent Posts
Foreclosure Lawyer Morgan Utah
Utah Divorce Code 30-3-10.10
Wage Garnishment
Statute Of Limitations On Back Taxes
How To Enforce Child Support
Best In West Valley City UT DUI
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keystonemortgagebrokers · 3 months ago
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aretia · 4 years ago
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Foreclosure Lawyer Park City Utah
Park City is a city in Summit County, Utah, United States. It is considered to be part of the Wasatch Back. The city is 32 miles (51 km) southeast of downtown Salt Lake City and 20 miles (32 km) from Salt Lake City’s east edge of Sugar House along Interstate 80. The population was 7,558 at the 2010 census. On average, the tourist population greatly exceeds the number of permanent residents. After a population decline following the shutdown of the area’s mining industry, the city rebounded during the 1980s and 1990s through an expansion of its tourism business. The city currently brings in a yearly average of $529.8 million to the Utah Economy as a tourist hot spot, $80 million of which is attributed to the Sundance Film Festival. The city has two major ski resorts: Deer Valley Resort and Park City Mountain Resort. Both ski resorts were the major locations for ski and snowboarding events at the 2002 Winter Olympics. Although they receive less snow and have a shorter ski season than do their counterparts in Salt Lake County, such as Snowbird resort, they are much easier to access. In 2015, Park City Ski Resort and Canyons resorts merged creating the largest ski area in the U.S. In all, the resort boasts 17 slopes, 14 bowls, 300 trails and 22 miles of lifts. Additionally the city is the main location of the United States’ largest independent film festival, the Sundance Film Festival, home of the United States Ski Team, training center for members of the Australian Freestyle Ski Team, the largest collection of factory outlet stores in northern Utah, the 2002 Olympic bobsled/skeleton/luge track at the Utah Olympic Park, and golf courses. Some scenes from the 1994 film Dumb and Dumber were shot in the city. Outdoor-oriented businesses such as backcountry.com, Rossignol USA, and Skullcandy have their headquarters in Park City. The city has many retailers, clubs, bars, and restaurants, and has nearby reservoirs, hot springs, forests, and hiking and biking trails. In the summertime many valley residents of the Wasatch Front visit the town to escape high temperatures. Park City is usually cooler than Salt Lake City as it lies mostly higher than 7,000 feet (2,100 m) above sea level, while Salt Lake City is situated at an elevation of about 4,300 feet (1,300 m). In 2008, Park City was named by Forbes Traveler Magazine as one of the “20 prettiest towns” in the United States.] In 2011, the town was awarded a Gold-level Ride Center designation from the International Mountain Bicycling Association for its mountain bike trails, amenities and community.
youtube
Nestled in the Wasatch Mountains, Park City, Utah offers all the benefits of resort living, with the conveniences and opportunities that can only be provided by a major metropolis. At 7,000 feet above sea level, Park City (Pop. 7,500) is a short 35 mile drive from the Salt Lake International Airport, enabling it to remain one of only a handful of resort destinations, worldwide, that can provide such accessibility advantages. As some locals like to point out, “it is possible to leave New York City in the morning and ski the fresh powder of Park City by noon!” The convenience, accessibility and most importantly the lifestyle of Park City living are the reasons people live here, but I will get to that in a minute. Park City was originally a mining town. In an effort to bring non-Mormons into the Utah Territory, Colonel Patrick E. Connor of Fort Douglas commissioned a search to explore the mountains surrounding Salt Lake City for mining opportunities. As records indicate, the first mining deed recorded within the Park City Mining District was the “Young American Lode” in December 1869. By the mid-1870s, production within Park City had begun in earnest, fueled by the discovery of a large vein of silver ore in what would later become the Ontario Mine. At its peak, the mine was considered the largest and most productive silver mine in the world. In May of 1872, an early settler, George Snyder, brought his family to the mountainous area that is now Park City. Inspired by the beautiful wildflowers, lush vegetation and picturesque setting, he appropriately named the area, “…Park City, for it is a veritable park.” In 1884, Park City was incorporated. By the late 20th century Park City had changed into a resort community. The Park City Ski Area had opened and the old mines had begun to operate as museums for tourists, school children, and locals. As a tourist hot spot, the city currently contributes an average of $529,800,000 annually to the Utah Economy. Since the rise of the skiing and tourist trade, Park City houses more tourists than residents. It has become a place of fame through the 2002 Winter Olympics. The Sundance Film Festival is another drawing card and affords more recreational and employment opportunities than ever before. Park City is small with a population of 7,500. The average number of tourists in Park City is 600,000 per year. Park City is located in Summit County, Utah and is considered to be part of the Wasatch Back. The Wasatch Mountain Range, with its towering 12,000 ft. peaks is widely considered to have the “Greatest Snow on Earth”. Its light fluffy texture is a result of the areas low humidity, its ideal temperatures, and its geographic location relative to the mountains. This unique marriage of weather conditions truly provide for an unparalleled skiing and snowboarding experience that is known the world over. So what’s it really like to live in Park City? Read on to learn how locals adapt to this unique area.
youtube
Owning a Home
Park City consistently ranks as one of the wealthiest areas of the country and continues to attract people from every corner of the United States. It naturally follows, that real estate is reflective of this, not only in the type of homes that are built, but in their cost as well. Homes within the Park City area range in price from the low $300’s to well in excess of $20M, and the average price of a home falls in the mid $700’s. Park City has not been immune to the recession of 2008 – 2009, and has experience a 10%-15% overall decrease in home values during that period. Home prices stabilized by the second quarter of 2010 and have remained stable ever since, according to Sheila Hall, an Associate Broker and Realtor with Equity Real Estate Luxury Group. “Overall sales volume has been up 24% during that same period of 2010, as compared with the second quarter of 2011. Sales of distressed properties remain a significant part of our market, but have dropped to 27% of all sales, down from 35% at the end of the first quarter 2011. It is interesting to note, that our second quarter sales are the highest we have seen since the fourth quarter of 2007.”
What Factors Cause Foreclosure Costs to Vary?
How much a lawyer charges will certainly be a factor in the cost of a foreclosure. However, there are many other considerations ultimately determine how expensive the process will be. Below is a general lay out of the costs typically associated with home foreclosure: • Type of Foreclosure – The cost of a foreclosure can vary largely on whether the mortgage loan has just recently fallen into default and the homeowners are willing to surrender the property, or if they are going to attempt to reinstate the home loan or otherwise defend against the foreclosure process. • Costs – It is not uncommon for a loan servicer to assess additional charges against a borrower in default. Default-related fees include: • Property inspection and preservation costs • Foreclosure costs and fees, including: Filing fees, notice and certified mailing costs, where a loan is reinstated, and potentially the lender’s attorney’s fees. • Corporate advances • Attorney’s Fees – Generally, each party will be responsible for their own costs. However, there are some instances where the lender may seek to have the borrower pay for a portion or all of their foreclosure fees. Moreover, these fees may vary depending on how complicated the defense will be and how long the foreclosure will take.
The primary reasons for the large disparity in the cost of a foreclosure are: • The type of foreclosure defense strategy • The lawyer’s fee structure Generally, foreclosure lawyers either bill through a flat fee or by the hour. If a lawyer charges a flat fee, expect to pay $1,000-$4,000. There is a common misconception that a lower fee may indicate a low quality legal representation; however nothing could be further from the truth. A lower fee is simply an assessment of what work the lawyer expects to do with respect to the difficulty of the case. Thus, if a foreclosure is going to be quick and relatively straight forward, a lawyer will likely charge a lower flat fee. By contrast, if the borrower is adamant about continuing to live in the house, or is otherwise putting forth difficult foreclosure defenses, the fee will likely be higher.
youtube
Hourly rates typically vary depending on the skills and time restraints of the lawyer. Expect to pay $300-$500 an hour for a lawyer’s time. Remember, similar to a lower flat rate, a lower hourly rate is in no way indicative of the quality of representation. In fact, the opposite may be true; a lower hourly rate may reflect the lawyer’s analysis that a case will be long, and with several complicated defenses, meaning many, many hours will be required to reach result that is favorable to their client. Thus, charging a “lower” hourly fee is simply taking into account how costly the overall case may be, and a lower fee may be the only way to ensure a case remains affordable for a client. A lawyer who works on an hourly rate may also require the payment of a retainer. A retainer covers a set amount of a lawyer’s time, and after the retainer is expended, a standard hourly rate will apply. For example, if the lawyer requires a retainer of $3,000, and bills at a rate of $150 an hour, then that retainer will cover 20 hours of the lawyer’s time. With an hourly fee structure, it is not uncommon for legal bills to get into the $10,000 – $15,000 range quickly. Thus, this type of billing system is most common where a complicated foreclosure defense will be employed, or where a home is quite valuable and the owners do not want to lose it.
youtube
The best fee structure is the one that best suit your needs, and real estate lawyers understand that. It is always a good practice to learn more about what you are paying for, and having a better idea of what a foreclosure will cost you when you go in for an initial consultation will better situate you to start a dialogue with your lawyer about their fee structure and why they use the one they do.
the foreclosure lawyer you want
When you buy a pair of shoes, you know exactly what you are getting. When you buy an attorney’s services, you start out with only a few vague assurances. The person, who hires a lawyer he does not trust, or is suspicious of, is certainly not making the best use of his money.
How can you know you are getting your money’s worth?
To begin, it is up to the client to establish his or her comfort level of trust and confidence in the lawyer to be hired for the task. How long has he or she been representing clients in foreclosure? What percentage of their practice is dedicated to defending foreclosures, or helping clients successfully reach alternatives to foreclosure such as mortgage modification or loan workouts, short sales or deeds in lieu, or renegotiation of a second mortgage?
youtube
Is the lawyer sophisticated in assisting clients with serious debt problems? Do they work diligently with clients to find debt relief solutions so they can really manage their debt and get on a secure financial track once more? After the trust factor is settled, the other sure way to get your money’s worth out of your attorney is to tell him honestly and completely all the facts of your case. Hold nothing back. A seemingly trivial detail may be pivotal to your case. Reasonable legal fees paid to a good foreclosure lawyer will substantially benefit you. For clients who succeed in defending the foreclosure or avoiding foreclosure via alternative measures, the benefit of retaining a highly experienced foreclosure law firm is clear. Sometimes the client is not able to keep the home. Even in this situation, proficient legal counsel will protect your rights with solutions much more favorable that foreclosure, as well as protecting you from the liability associated with foreclosure, and keeping you clear of risks and scams.
Foreclosure Attorney
When you need a Park City Utah Lawyer for Foreclosure, please call Ascent Law LLC for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Recent Posts
Foreclosure Lawyer Morgan Utah
Utah Divorce Code 30-3-10.10
Wage Garnishment
Statute Of Limitations On Back Taxes
How To Enforce Child Support
Best In West Valley City UT DUI
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The post Foreclosure Lawyer Park City Utah first appeared on Michael Anderson.
Source: https://www.ascentlawfirm.com/foreclosure-lawyer-park-city-utah/
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Foreclosure Lawyer Park City Utah
Park City is a city in Summit County, Utah, United States. It is considered to be part of the Wasatch Back. The city is 32 miles (51 km) southeast of downtown Salt Lake City and 20 miles (32 km) from Salt Lake City’s east edge of Sugar House along Interstate 80. The population was 7,558 at the 2010 census. On average, the tourist population greatly exceeds the number of permanent residents. After a population decline following the shutdown of the area’s mining industry, the city rebounded during the 1980s and 1990s through an expansion of its tourism business. The city currently brings in a yearly average of $529.8 million to the Utah Economy as a tourist hot spot, $80 million of which is attributed to the Sundance Film Festival. The city has two major ski resorts: Deer Valley Resort and Park City Mountain Resort. Both ski resorts were the major locations for ski and snowboarding events at the 2002 Winter Olympics. Although they receive less snow and have a shorter ski season than do their counterparts in Salt Lake County, such as Snowbird resort, they are much easier to access. In 2015, Park City Ski Resort and Canyons resorts merged creating the largest ski area in the U.S. In all, the resort boasts 17 slopes, 14 bowls, 300 trails and 22 miles of lifts. Additionally the city is the main location of the United States’ largest independent film festival, the Sundance Film Festival, home of the United States Ski Team, training center for members of the Australian Freestyle Ski Team, the largest collection of factory outlet stores in northern Utah, the 2002 Olympic bobsled/skeleton/luge track at the Utah Olympic Park, and golf courses. Some scenes from the 1994 film Dumb and Dumber were shot in the city. Outdoor-oriented businesses such as backcountry.com, Rossignol USA, and Skullcandy have their headquarters in Park City. The city has many retailers, clubs, bars, and restaurants, and has nearby reservoirs, hot springs, forests, and hiking and biking trails. In the summertime many valley residents of the Wasatch Front visit the town to escape high temperatures. Park City is usually cooler than Salt Lake City as it lies mostly higher than 7,000 feet (2,100 m) above sea level, while Salt Lake City is situated at an elevation of about 4,300 feet (1,300 m). In 2008, Park City was named by Forbes Traveler Magazine as one of the “20 prettiest towns” in the United States.] In 2011, the town was awarded a Gold-level Ride Center designation from the International Mountain Bicycling Association for its mountain bike trails, amenities and community.
youtube
Nestled in the Wasatch Mountains, Park City, Utah offers all the benefits of resort living, with the conveniences and opportunities that can only be provided by a major metropolis. At 7,000 feet above sea level, Park City (Pop. 7,500) is a short 35 mile drive from the Salt Lake International Airport, enabling it to remain one of only a handful of resort destinations, worldwide, that can provide such accessibility advantages. As some locals like to point out, “it is possible to leave New York City in the morning and ski the fresh powder of Park City by noon!” The convenience, accessibility and most importantly the lifestyle of Park City living are the reasons people live here, but I will get to that in a minute. Park City was originally a mining town. In an effort to bring non-Mormons into the Utah Territory, Colonel Patrick E. Connor of Fort Douglas commissioned a search to explore the mountains surrounding Salt Lake City for mining opportunities. As records indicate, the first mining deed recorded within the Park City Mining District was the “Young American Lode” in December 1869. By the mid-1870s, production within Park City had begun in earnest, fueled by the discovery of a large vein of silver ore in what would later become the Ontario Mine. At its peak, the mine was considered the largest and most productive silver mine in the world. In May of 1872, an early settler, George Snyder, brought his family to the mountainous area that is now Park City. Inspired by the beautiful wildflowers, lush vegetation and picturesque setting, he appropriately named the area, “…Park City, for it is a veritable park.” In 1884, Park City was incorporated. By the late 20th century Park City had changed into a resort community. The Park City Ski Area had opened and the old mines had begun to operate as museums for tourists, school children, and locals. As a tourist hot spot, the city currently contributes an average of $529,800,000 annually to the Utah Economy. Since the rise of the skiing and tourist trade, Park City houses more tourists than residents. It has become a place of fame through the 2002 Winter Olympics. The Sundance Film Festival is another drawing card and affords more recreational and employment opportunities than ever before. Park City is small with a population of 7,500. The average number of tourists in Park City is 600,000 per year. Park City is located in Summit County, Utah and is considered to be part of the Wasatch Back. The Wasatch Mountain Range, with its towering 12,000 ft. peaks is widely considered to have the “Greatest Snow on Earth”. Its light fluffy texture is a result of the areas low humidity, its ideal temperatures, and its geographic location relative to the mountains. This unique marriage of weather conditions truly provide for an unparalleled skiing and snowboarding experience that is known the world over. So what’s it really like to live in Park City? Read on to learn how locals adapt to this unique area.
youtube
Owning a Home
Park City consistently ranks as one of the wealthiest areas of the country and continues to attract people from every corner of the United States. It naturally follows, that real estate is reflective of this, not only in the type of homes that are built, but in their cost as well. Homes within the Park City area range in price from the low $300’s to well in excess of $20M, and the average price of a home falls in the mid $700’s. Park City has not been immune to the recession of 2008 – 2009, and has experience a 10%-15% overall decrease in home values during that period. Home prices stabilized by the second quarter of 2010 and have remained stable ever since, according to Sheila Hall, an Associate Broker and Realtor with Equity Real Estate Luxury Group. “Overall sales volume has been up 24% during that same period of 2010, as compared with the second quarter of 2011. Sales of distressed properties remain a significant part of our market, but have dropped to 27% of all sales, down from 35% at the end of the first quarter 2011. It is interesting to note, that our second quarter sales are the highest we have seen since the fourth quarter of 2007.”
What Factors Cause Foreclosure Costs to Vary?
How much a lawyer charges will certainly be a factor in the cost of a foreclosure. However, there are many other considerations ultimately determine how expensive the process will be. Below is a general lay out of the costs typically associated with home foreclosure: • Type of Foreclosure – The cost of a foreclosure can vary largely on whether the mortgage loan has just recently fallen into default and the homeowners are willing to surrender the property, or if they are going to attempt to reinstate the home loan or otherwise defend against the foreclosure process. • Costs – It is not uncommon for a loan servicer to assess additional charges against a borrower in default. Default-related fees include: • Property inspection and preservation costs • Foreclosure costs and fees, including: Filing fees, notice and certified mailing costs, where a loan is reinstated, and potentially the lender’s attorney’s fees. • Corporate advances • Attorney’s Fees – Generally, each party will be responsible for their own costs. However, there are some instances where the lender may seek to have the borrower pay for a portion or all of their foreclosure fees. Moreover, these fees may vary depending on how complicated the defense will be and how long the foreclosure will take.
The primary reasons for the large disparity in the cost of a foreclosure are: • The type of foreclosure defense strategy • The lawyer’s fee structure Generally, foreclosure lawyers either bill through a flat fee or by the hour. If a lawyer charges a flat fee, expect to pay $1,000-$4,000. There is a common misconception that a lower fee may indicate a low quality legal representation; however nothing could be further from the truth. A lower fee is simply an assessment of what work the lawyer expects to do with respect to the difficulty of the case. Thus, if a foreclosure is going to be quick and relatively straight forward, a lawyer will likely charge a lower flat fee. By contrast, if the borrower is adamant about continuing to live in the house, or is otherwise putting forth difficult foreclosure defenses, the fee will likely be higher.
youtube
Hourly rates typically vary depending on the skills and time restraints of the lawyer. Expect to pay $300-$500 an hour for a lawyer’s time. Remember, similar to a lower flat rate, a lower hourly rate is in no way indicative of the quality of representation. In fact, the opposite may be true; a lower hourly rate may reflect the lawyer’s analysis that a case will be long, and with several complicated defenses, meaning many, many hours will be required to reach result that is favorable to their client. Thus, charging a “lower” hourly fee is simply taking into account how costly the overall case may be, and a lower fee may be the only way to ensure a case remains affordable for a client. A lawyer who works on an hourly rate may also require the payment of a retainer. A retainer covers a set amount of a lawyer’s time, and after the retainer is expended, a standard hourly rate will apply. For example, if the lawyer requires a retainer of $3,000, and bills at a rate of $150 an hour, then that retainer will cover 20 hours of the lawyer’s time. With an hourly fee structure, it is not uncommon for legal bills to get into the $10,000 – $15,000 range quickly. Thus, this type of billing system is most common where a complicated foreclosure defense will be employed, or where a home is quite valuable and the owners do not want to lose it.
youtube
The best fee structure is the one that best suit your needs, and real estate lawyers understand that. It is always a good practice to learn more about what you are paying for, and having a better idea of what a foreclosure will cost you when you go in for an initial consultation will better situate you to start a dialogue with your lawyer about their fee structure and why they use the one they do.
the foreclosure lawyer you want
When you buy a pair of shoes, you know exactly what you are getting. When you buy an attorney’s services, you start out with only a few vague assurances. The person, who hires a lawyer he does not trust, or is suspicious of, is certainly not making the best use of his money.
How can you know you are getting your money’s worth?
To begin, it is up to the client to establish his or her comfort level of trust and confidence in the lawyer to be hired for the task. How long has he or she been representing clients in foreclosure? What percentage of their practice is dedicated to defending foreclosures, or helping clients successfully reach alternatives to foreclosure such as mortgage modification or loan workouts, short sales or deeds in lieu, or renegotiation of a second mortgage?
youtube
Is the lawyer sophisticated in assisting clients with serious debt problems? Do they work diligently with clients to find debt relief solutions so they can really manage their debt and get on a secure financial track once more? After the trust factor is settled, the other sure way to get your money’s worth out of your attorney is to tell him honestly and completely all the facts of your case. Hold nothing back. A seemingly trivial detail may be pivotal to your case. Reasonable legal fees paid to a good foreclosure lawyer will substantially benefit you. For clients who succeed in defending the foreclosure or avoiding foreclosure via alternative measures, the benefit of retaining a highly experienced foreclosure law firm is clear. Sometimes the client is not able to keep the home. Even in this situation, proficient legal counsel will protect your rights with solutions much more favorable that foreclosure, as well as protecting you from the liability associated with foreclosure, and keeping you clear of risks and scams.
Foreclosure Attorney
When you need a Park City Utah Lawyer for Foreclosure, please call Ascent Law LLC for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Recent Posts
Foreclosure Lawyer Morgan Utah
Utah Divorce Code 30-3-10.10
Wage Garnishment
Statute Of Limitations On Back Taxes
How To Enforce Child Support
Best In West Valley City UT DUI
{ "@context": "http://schema.org/", "@type": "Product", "name": "ascentlawfirm", "description": "Ascent <a href="https://www.ascentlawfirm.com/divorce-law/" >Law helps you in divorce, bankruptcy, probate, business or criminal cases in Utah, call 801-676-5506 for a free consultation today. We want to help you. ", "brand": { "@type": "Thing", "name": "ascentlawfirm" }, "aggregateRating": { "@type": "AggregateRating", "ratingValue": "4.9", "ratingCount": "118" }, "offers": { "@type": "Offer", "priceCurrency": "USD" } }
The post Foreclosure Lawyer Park City Utah first appeared on Michael Anderson.
Source: https://www.ascentlawfirm.com/foreclosure-lawyer-park-city-utah/
0 notes
coming-from-hell · 4 years ago
Text
Foreclosure Lawyer Park City Utah
Park City is a city in Summit County, Utah, United States. It is considered to be part of the Wasatch Back. The city is 32 miles (51 km) southeast of downtown Salt Lake City and 20 miles (32 km) from Salt Lake City’s east edge of Sugar House along Interstate 80. The population was 7,558 at the 2010 census. On average, the tourist population greatly exceeds the number of permanent residents. After a population decline following the shutdown of the area’s mining industry, the city rebounded during the 1980s and 1990s through an expansion of its tourism business. The city currently brings in a yearly average of $529.8 million to the Utah Economy as a tourist hot spot, $80 million of which is attributed to the Sundance Film Festival. The city has two major ski resorts: Deer Valley Resort and Park City Mountain Resort. Both ski resorts were the major locations for ski and snowboarding events at the 2002 Winter Olympics. Although they receive less snow and have a shorter ski season than do their counterparts in Salt Lake County, such as Snowbird resort, they are much easier to access. In 2015, Park City Ski Resort and Canyons resorts merged creating the largest ski area in the U.S. In all, the resort boasts 17 slopes, 14 bowls, 300 trails and 22 miles of lifts. Additionally the city is the main location of the United States’ largest independent film festival, the Sundance Film Festival, home of the United States Ski Team, training center for members of the Australian Freestyle Ski Team, the largest collection of factory outlet stores in northern Utah, the 2002 Olympic bobsled/skeleton/luge track at the Utah Olympic Park, and golf courses. Some scenes from the 1994 film Dumb and Dumber were shot in the city. Outdoor-oriented businesses such as backcountry.com, Rossignol USA, and Skullcandy have their headquarters in Park City. The city has many retailers, clubs, bars, and restaurants, and has nearby reservoirs, hot springs, forests, and hiking and biking trails. In the summertime many valley residents of the Wasatch Front visit the town to escape high temperatures. Park City is usually cooler than Salt Lake City as it lies mostly higher than 7,000 feet (2,100 m) above sea level, while Salt Lake City is situated at an elevation of about 4,300 feet (1,300 m). In 2008, Park City was named by Forbes Traveler Magazine as one of the “20 prettiest towns” in the United States.] In 2011, the town was awarded a Gold-level Ride Center designation from the International Mountain Bicycling Association for its mountain bike trails, amenities and community.
youtube
Nestled in the Wasatch Mountains, Park City, Utah offers all the benefits of resort living, with the conveniences and opportunities that can only be provided by a major metropolis. At 7,000 feet above sea level, Park City (Pop. 7,500) is a short 35 mile drive from the Salt Lake International Airport, enabling it to remain one of only a handful of resort destinations, worldwide, that can provide such accessibility advantages. As some locals like to point out, “it is possible to leave New York City in the morning and ski the fresh powder of Park City by noon!” The convenience, accessibility and most importantly the lifestyle of Park City living are the reasons people live here, but I will get to that in a minute. Park City was originally a mining town. In an effort to bring non-Mormons into the Utah Territory, Colonel Patrick E. Connor of Fort Douglas commissioned a search to explore the mountains surrounding Salt Lake City for mining opportunities. As records indicate, the first mining deed recorded within the Park City Mining District was the “Young American Lode” in December 1869. By the mid-1870s, production within Park City had begun in earnest, fueled by the discovery of a large vein of silver ore in what would later become the Ontario Mine. At its peak, the mine was considered the largest and most productive silver mine in the world. In May of 1872, an early settler, George Snyder, brought his family to the mountainous area that is now Park City. Inspired by the beautiful wildflowers, lush vegetation and picturesque setting, he appropriately named the area, “…Park City, for it is a veritable park.” In 1884, Park City was incorporated. By the late 20th century Park City had changed into a resort community. The Park City Ski Area had opened and the old mines had begun to operate as museums for tourists, school children, and locals. As a tourist hot spot, the city currently contributes an average of $529,800,000 annually to the Utah Economy. Since the rise of the skiing and tourist trade, Park City houses more tourists than residents. It has become a place of fame through the 2002 Winter Olympics. The Sundance Film Festival is another drawing card and affords more recreational and employment opportunities than ever before. Park City is small with a population of 7,500. The average number of tourists in Park City is 600,000 per year. Park City is located in Summit County, Utah and is considered to be part of the Wasatch Back. The Wasatch Mountain Range, with its towering 12,000 ft. peaks is widely considered to have the “Greatest Snow on Earth”. Its light fluffy texture is a result of the areas low humidity, its ideal temperatures, and its geographic location relative to the mountains. This unique marriage of weather conditions truly provide for an unparalleled skiing and snowboarding experience that is known the world over. So what’s it really like to live in Park City? Read on to learn how locals adapt to this unique area.
youtube
Owning a Home
Park City consistently ranks as one of the wealthiest areas of the country and continues to attract people from every corner of the United States. It naturally follows, that real estate is reflective of this, not only in the type of homes that are built, but in their cost as well. Homes within the Park City area range in price from the low $300’s to well in excess of $20M, and the average price of a home falls in the mid $700’s. Park City has not been immune to the recession of 2008 – 2009, and has experience a 10%-15% overall decrease in home values during that period. Home prices stabilized by the second quarter of 2010 and have remained stable ever since, according to Sheila Hall, an Associate Broker and Realtor with Equity Real Estate Luxury Group. “Overall sales volume has been up 24% during that same period of 2010, as compared with the second quarter of 2011. Sales of distressed properties remain a significant part of our market, but have dropped to 27% of all sales, down from 35% at the end of the first quarter 2011. It is interesting to note, that our second quarter sales are the highest we have seen since the fourth quarter of 2007.”
What Factors Cause Foreclosure Costs to Vary?
How much a lawyer charges will certainly be a factor in the cost of a foreclosure. However, there are many other considerations ultimately determine how expensive the process will be. Below is a general lay out of the costs typically associated with home foreclosure: • Type of Foreclosure – The cost of a foreclosure can vary largely on whether the mortgage loan has just recently fallen into default and the homeowners are willing to surrender the property, or if they are going to attempt to reinstate the home loan or otherwise defend against the foreclosure process. • Costs – It is not uncommon for a loan servicer to assess additional charges against a borrower in default. Default-related fees include: • Property inspection and preservation costs • Foreclosure costs and fees, including: Filing fees, notice and certified mailing costs, where a loan is reinstated, and potentially the lender’s attorney’s fees. • Corporate advances • Attorney’s Fees – Generally, each party will be responsible for their own costs. However, there are some instances where the lender may seek to have the borrower pay for a portion or all of their foreclosure fees. Moreover, these fees may vary depending on how complicated the defense will be and how long the foreclosure will take.
The primary reasons for the large disparity in the cost of a foreclosure are: • The type of foreclosure defense strategy • The lawyer’s fee structure Generally, foreclosure lawyers either bill through a flat fee or by the hour. If a lawyer charges a flat fee, expect to pay $1,000-$4,000. There is a common misconception that a lower fee may indicate a low quality legal representation; however nothing could be further from the truth. A lower fee is simply an assessment of what work the lawyer expects to do with respect to the difficulty of the case. Thus, if a foreclosure is going to be quick and relatively straight forward, a lawyer will likely charge a lower flat fee. By contrast, if the borrower is adamant about continuing to live in the house, or is otherwise putting forth difficult foreclosure defenses, the fee will likely be higher.
youtube
Hourly rates typically vary depending on the skills and time restraints of the lawyer. Expect to pay $300-$500 an hour for a lawyer’s time. Remember, similar to a lower flat rate, a lower hourly rate is in no way indicative of the quality of representation. In fact, the opposite may be true; a lower hourly rate may reflect the lawyer’s analysis that a case will be long, and with several complicated defenses, meaning many, many hours will be required to reach result that is favorable to their client. Thus, charging a “lower” hourly fee is simply taking into account how costly the overall case may be, and a lower fee may be the only way to ensure a case remains affordable for a client. A lawyer who works on an hourly rate may also require the payment of a retainer. A retainer covers a set amount of a lawyer’s time, and after the retainer is expended, a standard hourly rate will apply. For example, if the lawyer requires a retainer of $3,000, and bills at a rate of $150 an hour, then that retainer will cover 20 hours of the lawyer’s time. With an hourly fee structure, it is not uncommon for legal bills to get into the $10,000 – $15,000 range quickly. Thus, this type of billing system is most common where a complicated foreclosure defense will be employed, or where a home is quite valuable and the owners do not want to lose it.
youtube
The best fee structure is the one that best suit your needs, and real estate lawyers understand that. It is always a good practice to learn more about what you are paying for, and having a better idea of what a foreclosure will cost you when you go in for an initial consultation will better situate you to start a dialogue with your lawyer about their fee structure and why they use the one they do.
the foreclosure lawyer you want
When you buy a pair of shoes, you know exactly what you are getting. When you buy an attorney’s services, you start out with only a few vague assurances. The person, who hires a lawyer he does not trust, or is suspicious of, is certainly not making the best use of his money.
How can you know you are getting your money’s worth?
To begin, it is up to the client to establish his or her comfort level of trust and confidence in the lawyer to be hired for the task. How long has he or she been representing clients in foreclosure? What percentage of their practice is dedicated to defending foreclosures, or helping clients successfully reach alternatives to foreclosure such as mortgage modification or loan workouts, short sales or deeds in lieu, or renegotiation of a second mortgage?
youtube
Is the lawyer sophisticated in assisting clients with serious debt problems? Do they work diligently with clients to find debt relief solutions so they can really manage their debt and get on a secure financial track once more? After the trust factor is settled, the other sure way to get your money’s worth out of your attorney is to tell him honestly and completely all the facts of your case. Hold nothing back. A seemingly trivial detail may be pivotal to your case. Reasonable legal fees paid to a good foreclosure lawyer will substantially benefit you. For clients who succeed in defending the foreclosure or avoiding foreclosure via alternative measures, the benefit of retaining a highly experienced foreclosure law firm is clear. Sometimes the client is not able to keep the home. Even in this situation, proficient legal counsel will protect your rights with solutions much more favorable that foreclosure, as well as protecting you from the liability associated with foreclosure, and keeping you clear of risks and scams.
Foreclosure Attorney
When you need a Park City Utah Lawyer for Foreclosure, please call Ascent Law LLC for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Recent Posts
Foreclosure Lawyer Morgan Utah
Utah Divorce Code 30-3-10.10
Wage Garnishment
Statute Of Limitations On Back Taxes
How To Enforce Child Support
Best In West Valley City UT DUI
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The post Foreclosure Lawyer Park City Utah first appeared on Michael Anderson.
Source: https://www.ascentlawfirm.com/foreclosure-lawyer-park-city-utah/
0 notes
divorcelawyergunnisonutah · 4 years ago
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Foreclosure Lawyer Park City Utah
Park City is a city in Summit County, Utah, United States. It is considered to be part of the Wasatch Back. The city is 32 miles (51 km) southeast of downtown Salt Lake City and 20 miles (32 km) from Salt Lake City’s east edge of Sugar House along Interstate 80. The population was 7,558 at the 2010 census. On average, the tourist population greatly exceeds the number of permanent residents. After a population decline following the shutdown of the area’s mining industry, the city rebounded during the 1980s and 1990s through an expansion of its tourism business. The city currently brings in a yearly average of $529.8 million to the Utah Economy as a tourist hot spot, $80 million of which is attributed to the Sundance Film Festival. The city has two major ski resorts: Deer Valley Resort and Park City Mountain Resort. Both ski resorts were the major locations for ski and snowboarding events at the 2002 Winter Olympics. Although they receive less snow and have a shorter ski season than do their counterparts in Salt Lake County, such as Snowbird resort, they are much easier to access. In 2015, Park City Ski Resort and Canyons resorts merged creating the largest ski area in the U.S. In all, the resort boasts 17 slopes, 14 bowls, 300 trails and 22 miles of lifts. Additionally the city is the main location of the United States’ largest independent film festival, the Sundance Film Festival, home of the United States Ski Team, training center for members of the Australian Freestyle Ski Team, the largest collection of factory outlet stores in northern Utah, the 2002 Olympic bobsled/skeleton/luge track at the Utah Olympic Park, and golf courses. Some scenes from the 1994 film Dumb and Dumber were shot in the city. Outdoor-oriented businesses such as backcountry.com, Rossignol USA, and Skullcandy have their headquarters in Park City. The city has many retailers, clubs, bars, and restaurants, and has nearby reservoirs, hot springs, forests, and hiking and biking trails. In the summertime many valley residents of the Wasatch Front visit the town to escape high temperatures. Park City is usually cooler than Salt Lake City as it lies mostly higher than 7,000 feet (2,100 m) above sea level, while Salt Lake City is situated at an elevation of about 4,300 feet (1,300 m). In 2008, Park City was named by Forbes Traveler Magazine as one of the “20 prettiest towns” in the United States.] In 2011, the town was awarded a Gold-level Ride Center designation from the International Mountain Bicycling Association for its mountain bike trails, amenities and community.
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Nestled in the Wasatch Mountains, Park City, Utah offers all the benefits of resort living, with the conveniences and opportunities that can only be provided by a major metropolis. At 7,000 feet above sea level, Park City (Pop. 7,500) is a short 35 mile drive from the Salt Lake International Airport, enabling it to remain one of only a handful of resort destinations, worldwide, that can provide such accessibility advantages. As some locals like to point out, “it is possible to leave New York City in the morning and ski the fresh powder of Park City by noon!” The convenience, accessibility and most importantly the lifestyle of Park City living are the reasons people live here, but I will get to that in a minute. Park City was originally a mining town. In an effort to bring non-Mormons into the Utah Territory, Colonel Patrick E. Connor of Fort Douglas commissioned a search to explore the mountains surrounding Salt Lake City for mining opportunities. As records indicate, the first mining deed recorded within the Park City Mining District was the “Young American Lode” in December 1869. By the mid-1870s, production within Park City had begun in earnest, fueled by the discovery of a large vein of silver ore in what would later become the Ontario Mine. At its peak, the mine was considered the largest and most productive silver mine in the world. In May of 1872, an early settler, George Snyder, brought his family to the mountainous area that is now Park City. Inspired by the beautiful wildflowers, lush vegetation and picturesque setting, he appropriately named the area, “…Park City, for it is a veritable park.” In 1884, Park City was incorporated. By the late 20th century Park City had changed into a resort community. The Park City Ski Area had opened and the old mines had begun to operate as museums for tourists, school children, and locals. As a tourist hot spot, the city currently contributes an average of $529,800,000 annually to the Utah Economy. Since the rise of the skiing and tourist trade, Park City houses more tourists than residents. It has become a place of fame through the 2002 Winter Olympics. The Sundance Film Festival is another drawing card and affords more recreational and employment opportunities than ever before. Park City is small with a population of 7,500. The average number of tourists in Park City is 600,000 per year. Park City is located in Summit County, Utah and is considered to be part of the Wasatch Back. The Wasatch Mountain Range, with its towering 12,000 ft. peaks is widely considered to have the “Greatest Snow on Earth”. Its light fluffy texture is a result of the areas low humidity, its ideal temperatures, and its geographic location relative to the mountains. This unique marriage of weather conditions truly provide for an unparalleled skiing and snowboarding experience that is known the world over. So what’s it really like to live in Park City? Read on to learn how locals adapt to this unique area.
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Owning a Home
Park City consistently ranks as one of the wealthiest areas of the country and continues to attract people from every corner of the United States. It naturally follows, that real estate is reflective of this, not only in the type of homes that are built, but in their cost as well. Homes within the Park City area range in price from the low $300’s to well in excess of $20M, and the average price of a home falls in the mid $700’s. Park City has not been immune to the recession of 2008 – 2009, and has experience a 10%-15% overall decrease in home values during that period. Home prices stabilized by the second quarter of 2010 and have remained stable ever since, according to Sheila Hall, an Associate Broker and Realtor with Equity Real Estate Luxury Group. “Overall sales volume has been up 24% during that same period of 2010, as compared with the second quarter of 2011. Sales of distressed properties remain a significant part of our market, but have dropped to 27% of all sales, down from 35% at the end of the first quarter 2011. It is interesting to note, that our second quarter sales are the highest we have seen since the fourth quarter of 2007.”
What Factors Cause Foreclosure Costs to Vary?
How much a lawyer charges will certainly be a factor in the cost of a foreclosure. However, there are many other considerations ultimately determine how expensive the process will be. Below is a general lay out of the costs typically associated with home foreclosure: • Type of Foreclosure – The cost of a foreclosure can vary largely on whether the mortgage loan has just recently fallen into default and the homeowners are willing to surrender the property, or if they are going to attempt to reinstate the home loan or otherwise defend against the foreclosure process. • Costs – It is not uncommon for a loan servicer to assess additional charges against a borrower in default. Default-related fees include: • Property inspection and preservation costs • Foreclosure costs and fees, including: Filing fees, notice and certified mailing costs, where a loan is reinstated, and potentially the lender’s attorney’s fees. • Corporate advances • Attorney’s Fees – Generally, each party will be responsible for their own costs. However, there are some instances where the lender may seek to have the borrower pay for a portion or all of their foreclosure fees. Moreover, these fees may vary depending on how complicated the defense will be and how long the foreclosure will take.
The primary reasons for the large disparity in the cost of a foreclosure are: • The type of foreclosure defense strategy • The lawyer’s fee structure Generally, foreclosure lawyers either bill through a flat fee or by the hour. If a lawyer charges a flat fee, expect to pay $1,000-$4,000. There is a common misconception that a lower fee may indicate a low quality legal representation; however nothing could be further from the truth. A lower fee is simply an assessment of what work the lawyer expects to do with respect to the difficulty of the case. Thus, if a foreclosure is going to be quick and relatively straight forward, a lawyer will likely charge a lower flat fee. By contrast, if the borrower is adamant about continuing to live in the house, or is otherwise putting forth difficult foreclosure defenses, the fee will likely be higher.
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Hourly rates typically vary depending on the skills and time restraints of the lawyer. Expect to pay $300-$500 an hour for a lawyer’s time. Remember, similar to a lower flat rate, a lower hourly rate is in no way indicative of the quality of representation. In fact, the opposite may be true; a lower hourly rate may reflect the lawyer’s analysis that a case will be long, and with several complicated defenses, meaning many, many hours will be required to reach result that is favorable to their client. Thus, charging a “lower” hourly fee is simply taking into account how costly the overall case may be, and a lower fee may be the only way to ensure a case remains affordable for a client. A lawyer who works on an hourly rate may also require the payment of a retainer. A retainer covers a set amount of a lawyer’s time, and after the retainer is expended, a standard hourly rate will apply. For example, if the lawyer requires a retainer of $3,000, and bills at a rate of $150 an hour, then that retainer will cover 20 hours of the lawyer’s time. With an hourly fee structure, it is not uncommon for legal bills to get into the $10,000 – $15,000 range quickly. Thus, this type of billing system is most common where a complicated foreclosure defense will be employed, or where a home is quite valuable and the owners do not want to lose it.
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The best fee structure is the one that best suit your needs, and real estate lawyers understand that. It is always a good practice to learn more about what you are paying for, and having a better idea of what a foreclosure will cost you when you go in for an initial consultation will better situate you to start a dialogue with your lawyer about their fee structure and why they use the one they do.
the foreclosure lawyer you want
When you buy a pair of shoes, you know exactly what you are getting. When you buy an attorney’s services, you start out with only a few vague assurances. The person, who hires a lawyer he does not trust, or is suspicious of, is certainly not making the best use of his money.
How can you know you are getting your money’s worth?
To begin, it is up to the client to establish his or her comfort level of trust and confidence in the lawyer to be hired for the task. How long has he or she been representing clients in foreclosure? What percentage of their practice is dedicated to defending foreclosures, or helping clients successfully reach alternatives to foreclosure such as mortgage modification or loan workouts, short sales or deeds in lieu, or renegotiation of a second mortgage?
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Is the lawyer sophisticated in assisting clients with serious debt problems? Do they work diligently with clients to find debt relief solutions so they can really manage their debt and get on a secure financial track once more? After the trust factor is settled, the other sure way to get your money’s worth out of your attorney is to tell him honestly and completely all the facts of your case. Hold nothing back. A seemingly trivial detail may be pivotal to your case. Reasonable legal fees paid to a good foreclosure lawyer will substantially benefit you. For clients who succeed in defending the foreclosure or avoiding foreclosure via alternative measures, the benefit of retaining a highly experienced foreclosure law firm is clear. Sometimes the client is not able to keep the home. Even in this situation, proficient legal counsel will protect your rights with solutions much more favorable that foreclosure, as well as protecting you from the liability associated with foreclosure, and keeping you clear of risks and scams.
Foreclosure Attorney
When you need a Park City Utah Lawyer for Foreclosure, please call Ascent Law LLC for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
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cathrynstreich · 5 years ago
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Stephen C. Roney: Service and Marketing Expertise Make the Difference
Vitals: Berkshire Hathaway HomeServices Utah Properties Years in Business: 43 Size: 30 offices, 475 agents Regions Served: Northern Utah: Wasatch Back (Park City, Heber Valley, East Summit County, Jordanelle), Wasatch Front (Utah, Salt Lake, Davis and Weber Counties); and moving into Southern Utah: St. George 2018 Sales Volume: $2.195 billion 2018 Transactions: 3,556 www.bhhsutah.com As the former president and CEO of the First American Corporation’s Residential Group and its subsidiary, MarketLinx, Stephen C. Roney was responsible for building one of the largest residential real estate platforms to provide transaction management, MLS and CRM software and services to more than 500,000 agents and brokers. Today he serves as CEO and owner of Berkshire Hathaway HomeServices Utah Properties, one of the state’s largest brokerage firms.
What are you seeing in the Utah market this year? Stephen Roney: Along the Wasatch Back (Park City area), there continues to be significant development activity throughout our market area coupled with enhancements to both Deer Valley Resort and Park City Mountain. We believe this, in conjunction with anticipated inventory increases and low interest rates, will continue to drive our markets in a positive direction. As the market begins to stabilize, we see increased buying opportunities in Summit and Wasatch counties, especially with the continued growth around the Jordanelle Reservoir and Heber Valley. Along the Wasatch Front (Salt Lake Valley through Ogden), strong demand and low inventory levels persist. We expect appreciation to continue, sales to remain strong, and a variety of development options to emerge across all sectors of the Wasatch Front. We anticipate mortgage rates will reduce slightly in the near term and also expect increased buyer activity, especially at or below median prices. With a strong regional economy in Utah, we see little sign of a market downturn in the foreseeable future.
Are you planning to grow your firm in the next 12 months? If so, in what capacity…increasing agent count, new offices, new markets, mergers/acquisitions, etc.? SR: In short, yes. We have recently opened an office in St. George, which has seen rapid growth as retirement, warm weather and business expansion bring more and more buyers to the area. We are also actively evaluating entry possibilities in other markets in Utah and nearby states.
What most sets your firm apart in the marketplace? SR: In one word, culture. We have great agents and employees who demonstrate knowledge, services, integrity and teamwork every day. Additionally, we have unparalleled experience in development marketing, sales and advisory services in our markets. We also have an in-house marketing department that includes marketing strategy/planning, graphic design, digital and social media marketing, and print and public relations capabilities.
How are you updating your technology and training to provide the resources agents need to succeed? SR: Our chief technology officer and executive leadership team are constantly evaluating new technology and maintaining alignment with Berkshire Hathaway HomeServices’ existing platforms and future initiatives.
How are you attracting new agents to your firm and retaining top producers? SR: We have a very selective recruiting process for new agents. We look for strong-producing agents or other individuals with significant sales and service backgrounds who will fit our culture and benefit from the strength of our marketing capabilities, development experience, and leadership team. We also place great value on collaboration and collegiality. Retaining top-producing agents requires building and maintaining the “best in market” leadership team and support capabilities.
What do you look for in someone new coming into the company? SR: A successful and sustainable business will flourish in a culture that honors service, knowledge and a strong work ethic. Preserving the trust of our agents and their clients is our No. 1 priority.
Keith Loria is a contributing editor to RISMedia.
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valoansdallastx · 5 years ago
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