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Janet K. Hong and Derek Hong are the founding partners of Hong Law, PLC

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Home  >  Posts tagged "Home foreclosure"

Lowest foreclosure number in 8 years seen in May

U.S. foreclosure activity recently observed an all-time low in the past eight years, a CNBC article stated on June 10.

In May, RealtyTrac data showed that 109,824 homes in the U.S. are in various stages of foreclosure procedures, 6 percent lower than the month before. Compared to last year, May’s foreclosure activity dropped by 26 percent. Last month’s bank repossession only totaled 28,373 and was considered to be the lowest since the U.S. was plagued by foreclosure crisis. RealtyTrac’s Daren Blomquist predicted that by early 2015, the housing market will fully recover.

Though foreclosure activity in the U.S. continues to decline, the lawyers of Hong Law, PLC, know that many Cedar Rapids homeowners are still being threatened by foreclosure. If you or someone you know is in a situation like this, we may possibly work for you to protect your property. Speak with us today at (319) 294-5853 to learn more about your options.

Lindsay Lohan mom’s home in Merrick may be foreclosed

The $1.3 million home of Lindsay Lohan’s mom is being threatened by foreclosure after she has failed to pay mortgage and other bills, a report on the 20th of September stated.

The foreclosure news surfaced after Dina Lohan was recently arrested for drunk driving and speeding in Northern State Parkway. According to reports, Lohan did not pay the mortgage and other bills on their family home in Mineola, New York. Last fall, Lindsay lent $40,000 to her mom to prevent the house from being foreclosed.

Dina has been struggling to save the house from foreclosure since 2005. The Lohan’s house might go on auction if they fail to settle their mortgage.

Our lawyers at Hong Law, PLC, work for homeowners in Cedar Rapids to defend their home from being foreclosed upon. If you or a loved one’s home is being threatened by foreclosure, there may be legal options available to help you protect your home. Discuss your situation today with us by calling (319) 632-1400.        

O.J. Simpson’s home foreclosed

The South Florida home of ex-NFL star O.J. Simpson will be sold after bank foreclosure proceedings, a report stated on Tuesday, August 27.

According to court documents, the former football star owes principal and interests that cost more than $796,000, and unpaid taxes that reached about $42,000. A judge from Miami-Dade Circuit Court issued a final decision for JPMorgan Chase Bank to auction Simpson’s house near Miami in October.

The legal team of Hong Law, PLC, works to defend people in Cedar Rapids whose homes were threatened by foreclosure. To learn more of your legal actions, speak with a lawyer by calling (319) 294-5853.