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11 Tips For Avoiding Foreclosure In South Florida

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Purchasing a home can be a frightful experience. Imagine owning a home for 3 years, all the payments have been made on time and in full. When the fourth year rolls around, your job downsizes leaving you without work and a paycheck. If this is your fear you may be one of the millions of at-risk Americans with a subprime adjustable-rate mortgage (ARM). Which means your interest rates will rise to a much higher percentage later this year. On the other hand, you may be a prime borrower who chose a nontraditional mortgage. You may be up to date at this time on your mortgage but have a fear of company layoffs and expenses rising.

The odds of avoiding foreclosure in Florida are improving. There are now many “We Buy Houses Florida” companies who specialize in saving homeowners from foreclosure. As well there are new programs for refinancing, governmental solutions, and lenders who are willing to freeze interest rates depending on the mortgage.

1.) How Do I Avoid Foreclosure In Florida? Do Your Homework.
The reason many homeowners end up in unaffordable loans is that they either did understand the terms of the loan or were swindled by loan sharks. “A good portion of the people we see are folks who received loans they should never have gotten in the first place,” says Phyllis Salowe-Kaye of Citizen Action a large mortgage crisis counseling agency. Are you someone who was uninformed when entering into your mortgage? Now is the time to make sure you do not make that mistake again. For avoiding foreclosure in Florida counseling here is a list provided by the U.S. Department of Housing and Urban Development. Many other websites provide free advice for distressed homeowners on their attorney general, banking department or housing finance agency websites.

2.) Contact Your Lender Immediately
If your credit has already gone down the drain, you will lose leveraging power. Also, for those who do not yet have a credit problem, there are new programs for avoiding foreclosure in Florida. Project Lifeline has six major lenders (Bank Of America, Citigroup, Countrywide Financial, JP Morgan Chase, Washington Mutual, and Wells Fargo) who have agreed to suspend the foreclosure process for 30 days for qualified borrowers seeking to keep their homes in the Sunshine State.

3.) Open All Mail From Lenders
Subprime Lenders offer a reset of ARM mortgages through the mail months before the interest rate is scheduled to reset.

4.) Be Patient
“Too many people are trying to resolve the problem with quick takeaway advice,” says Salowe-Kaye. ” The fastest way to relief from a mortgage is through a “We Buy Houses Florida” for more information click the link. For those who are willing to wait an eternity for a resolution, William Sanchez of Tampa Bay Community Development Corporation in Clearwater, Florida has advice for you. He reports, “You cannot get this resolved with one phone call.” Helplines are jammed, it can take an eternity to reach the person servicing your loan, and it’s impossible to know how many homeowners will actually hang on to their homes. Still, “lenders are definitely more willing to work out plans.” Be prepared to be dogged by experts and options from your lender.

5.) Contact A Free Or Low-Cost Housing-Counselor
For HUD-certified counselors that assist homeowners with avoiding foreclosure in Florida visit the U.S. Department Of Housing and Urban Development.

6.) Get A Qualified Expert To Help You Navigate The Foreclosure Process
Do not stop at a housing-counselor the very next number you should be calling is a foreclosure attorney. Ignore lawyers advertising “quick fixes” on tv, the internet, or telephone calls. The only quick fix is selling your home fast to a “We Buy Houses Florida” company. They are the only company you can trust who will give you a free consultation and help you navigate the foreclosure process. To find a lawyer you can trust, contact Legal Services Corp.

If your income level is low enough they will connect you with an affiliated agency. Call the Florida State Bar Association and search for a county bar association for further assistance.

7.) You May Be Eligible For Special Assistance.
The federal FHASecure program may be able to provide a refinance option with a fixed rate for homeowners who have an adjustable-rate mortgage and a good credit rating. Current and former members of the military who have served within the past 90 days may be eligible for the Servicemembers Civil Relief Act offering foreclosure protection.

8.) Bankruptcy Is Not The Easy Way Out
Under the current laws of the State Of Florida, bankruptcy can halt or slow foreclosure. Seek legal advice from a trusted source before proceeding. Bankruptcy judges are not permitted to restructure debt owed on a mortgage covering a primary residence. “Borrowers can file Chapter 13 bankruptcy, which will put a temporary hold on a foreclosure action. The problem is that in order to sustain the Chapter 13 plan, a borrower in a high-cost mortgage has to be able to make payments in the mortgage going forward, and also to pay off a percentage of the arrears and other debts each month,” says Josh Zinner of the Neighborhood Economic Development Advocacy Project in New York. More so consider that relief programs such as Project Lifeline, are not available to borrowers who have entered bankruptcy.

9.) Keeping The Payments Current Is The Most Important Factor of Avoiding Foreclosure In Florida
Mindy Wright, a housing counselor in Elyria, Ohio, says people often make the mistake of paying off credit cards bills before making their monthly mortgage payment. People do this because credit card companies call them immediately and often use threatening tactics to get the borrower to pay. Banks, however, take a long time to communicate and solely communicate through the mail. Once the borrower receives the notice of default in the mail it is already too late. The borrower now owes interest and late fees on top of the payments past due. Typically lenders will not contact their borrowers until 60 to 90 days have passed. Credit card companies will harass you day and night until the late payment is up to date. Wright advises homeowners to put off the credit card companies and pay their mortgage payment first. “If you don’t pay the credit card bill, it might ruin your credit score, but a foreclosure will impact your credit score far more negatively-plus you won’t have a place to live,” she says.

10.) Fasten Your Seatbelt.
Rid yourself of luxuries such as cable and Netflix. Doing so will give you bargaining power when sitting down for a negotiation. Being willing to bring any money to the table and willing to cash in assets such as jewelry or a car will play in your favor. “Servicers want to see you make sacrifices. Show some effort,” says Michael van Zalinger, director of home ownership services for Neighborhood Housing Services of Chicago. When talking to the bank be sure to assemble pay stubs, benefit statements, and tax returns.

11.) Familiarize Your Self With Mortgage Workouts Aimed For Avoiding Foreclosure In Florida
The best solution would be to refinance into a long-term mortgage spreading out the late payments over time and raising the interest rate slightly. This option requires good credit and is rarely applicable for the average homeowner in Florida. You also may not be able to afford the fees involved. Alternatives would be a repayment plan or a loan modification.

The first resort that actually pays you would be to sell your house to a “We Buy Houses Florida” company.

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The Graph Price Prediction 2022 – Will GRT Hit $2 Soon?

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The Graph Price Prediction — Will GRT Hit $2 Soon?
  • Bullish GRT price prediction is $0.7922 to $1.67.
  • GRT price might also reach $2 soon.
  • GRT bearish market price prediction for 2022 is $0.01.

In The Graph’s (GRT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about GRT to analyze the future movement of the cryptocurrency. 

The Graph Current Market Status

According to CoinGecko, the price of GRT is $0.517 with a 24-hour trading volume of $98,864,928 at the time of writing. However, GRT has decreased nearly 7.8% in the last 24 hours.

Moreover, GRT has a circulating supply of 5,253,842,029 GRT. Currently, GRT trades in cryptocurrency exchanges such as Binance, OKX, CoinTiger, Bitget, and FTX.

What is The Graph (GRT)?

GRT is a global API and indexing protocol designed to organize blockchain data and make it easily accessible via GraphQL. Developers can use Graph Explorer to find, search, and publish any public data needed to build decentralized applications. For developers, they create serverless dApps that run entirely on public infrastructure.

The Graph (GRT) Price Prediction 2022

The Graph holds the 56th position on CoinGecko right now. GRT price prediction 2022 is explained below with a daily time frame.

GRT/USDT Horizontal Channel Trend Pattern (Source: Tradingview)

The horizontal channel trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal and the prevailing direction of price action is sideways.

Currently, GRT is in the range of $0.517. If the pattern continues, the price of GRT might reach the resistance level of $1.18. If the trend reverses, then the price of GRT may fall to $0.5208.

The Graph (GRT) Support and Resistance Level

The below chart shows the support and resistance level of GRT.

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GRT/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of GRT.

  • Resistance Level 1 – $0.7922
  • Resistance Level 2 – $1.06
  • Resistance Level 3 – $1.32
  • Resistance Level 4 – $1.67
  • Support Level 1 – $0.44
  • Support Level 2 – $0.013

The charts show that GRT has performed a bullish trend over the past month. If this trend continues, GRT might run along with the bulls overtaking its resistance level at $1.67.

Accordingly, if the investors turn against the crypto, the price of the GRT might plummet to almost $0.013, a bearish signal.

The Graph Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of GRT is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of GRT lies below the cutoff line, indicating weaker participants in the current trend.

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GRT/USDT RVOL, MA, RSI (Source: TradingView)

More so, the GRT’s Moving Average (MA) is shown in the chart above. Currently, GRT is in a bearish state. Notably, the GRT price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of GRT at any time.

Meanwhile, the relative strength index (RSI) of the GRT is at level 36.42. This means that GRT is in a nearly oversold state. However, this means a major price reversal of GRT may occur in the upcoming days. So, traders need to trade carefully. 

The Graph Price Prediction 2022 — ADX, RVI

Let us now look at The Graph’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of The Graphs. Currently, GRT lies in the range of 22.92, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of GRT. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of GRT lies below the 50 levels, indicating that the direction of volatility is low. In fact, GRT’s RSI is at 36.42 level thus confirming a potential sell signal.

Comparison of GRT with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and The Graph.

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BTC Vs ETH Vs GRT Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH is moving at the upward trend. But, the recent trend of BTC and GRT moves in a downward direction.

Conclusion

With continuous improvements in the The Graph network, we can say that 2022 is a good year for GRT. For this reason, the bullish price prediction of The Graph in 2022 is $1.67. On the other hand,  the bearish GRT price prediction for 2022 is $0.01.

Furthermore, with the advancements and upgrades on the GRT ecosystem, the performance of GRT would help to reach above its current all-time high (ATH) $1.3 very soon. But, it might also reach $2 if the investors believe that GRT is a good investment in 2022.

FAQ

1. What is The Graph?

GRT is an indexing protocol for querying data for networks such as Ethereum and IPFS, which enables multiple applications in both DeFi and the broader Web3 ecosystem.

2. Where can you purchase GRT?

GRT has listed on many crypto exchanges which include Binance, OKX, CoinTiger, Bitget, and FTX.

3. Will GRT reach a new ATH soon?

With the ongoing developments and upgrades within the GRT platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of The Graph?

On Feb 12, 2021, GRT reached its new all-time high (ATH) of  $2.84 .

5. Is GRT a good investment in 2022?

The Graph (GRT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of GRT in the past few months, GRT is considered a good investment in 2022.

6. Can The Graph (GRT) reach $2?

The Graph (GRT) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then The Graph (GRT) will hit $2 soon.

7. What will be the GRT price by 2023?

The Graph (GRT) price is expected to reach $5 by 2023.

8. What will be the GRT price by 2024?

The Graph (GRT) price is expected to reach $11 by 2024.

9. What will be the GRT price by 2025?

The Graph (GRT) price is expected to reach $18 by 2025.

10. What will be the GRT price by 2026?

The Graph (GRT) price is expected to reach $25 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Stablecoin Infrastructure Provider Stably Raises Pre-Series A Round Led by VeChain’s CEO and Morgan Creek Capital

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Stablecoin Infrastructure Provider Stably Raises Pre-Series A Round Led by VeChain’s CEO and Morgan Creek Capital

Seattle, United States, 18th January, 2022, Chainwire

Stably, a US venture-backed stablecoin and asset tokenization infrastructure provider, announced it has secured an undisclosed amount of funding in a recent Pre-Series A equity financing round led by Morgan Creek Capital, Jackson Fu from CREAM & Partners and Sunny Lu from VeChain. Other new investors included Hard Yaka, Bloccelerate, B21 Capital, Lou Kerner from Blockchain Coinvestors and David Choi from Taureon Capital as well as two existing investors, BEENEXT and Pay It Forward

The fresh round of funding will enable Stably’s 20+ member team to pursue several key strategic initiatives in 2022, one of which is rapidly tripling its engineering team’s size to further improve Stably’s Stablecoin-as-a-Service (SCaaS) offerings and expanding the company’s fiat-to-stablecoin gateway to meet growing demand across various emerging blockchain ecosystems, including non-custodial wallets and Web3 applications for DeFi, GameFi, NFT marketplaces and even metaverses.

Currently, the more than $160-billion global stablecoin market is highly fragmented across nearly 100 different blockchain protocols and many lack adequate fiat currency access points, or “on-ramps,” for their end users. On top of this, the fiat-to-stablecoin on-ramping market itself still remains very inefficient. For example, it may cost between 20% to 40% to purchase Circle’s USDC, a popular US Dollar stablecoin, with credit/debit cards via MoonPay or Simplex, two leading fiat-to-crypto gateway providers in the world.

To differentiate itself from other fiat-to-crypto gateways, Stably mainly focuses on providing stablecoins for “small-to-mid cap” blockchain platforms (i.e. “emerging” blockchains with native tokens between $100-million to $10-billion in total market capitalization). These nascent blockchains with enormous growth potential are still vastly underserved by most stablecoin issuers and fiat ramp providers today.

“Sunny Lu decided to participate in our round because he was also seeking for a practical and fast Stablecoin-as-a-Service solution for the VeChain ecosystem,” says  Kory Hoang, Co-Founder and CEO of Stably. “Practically speaking, Stably was the only company in this space that could quickly integrate with the VeChainThor blockchain to launch a compliant stablecoin within a few months of our initial discussions.”   

Over the past twelve months, Stably has integrated its stablecoin infrastructure and products/services with seven emerging blockchain networks, including VeChainThor, DigitalBits and Chia Network. The company, via its regulated financial institution partners, processed over $100-million in transaction volume from users in 2021 and grew its total revenue by more than 10x compared to the previous year. “Stably also helped launch a gold-backed branded stablecoin recently for Kitco Digital Metals Group , a member of the Kitco group of companies focused on developing and promoting digital metals products, aiming to be a world leader of precious metal tokens. These achievements, in turn, helped attract significant institutional investor interest in Stably’s Pre-Series A round.

“As a leading incubator of FinTech and blockchain technology solutions, I saw the unique potential of Stably’s Stablecoin-as-a-Service platform right away,” says Jackson Fu, Founder of CREAM. “Our strategy and community building capabilities will see that this potential is maximized. As such, we are excited to invest in this round of financing as the lead investor, and to become a Stably board member going forward. We will see much happening with Stably, stay tuned!”

Going forward, Kory predicts a lot more DeFi, GameFi, NFT marketplace and metaverse activities will take place on emerging blockchain networks. He is planning for Stably to integrate with another 12 emerging blockchains by the end of this year. Kory estimates that there will be a total of 100+ emerging blockchains in need of stablecoin infrastructure by the end of 2022 and even 300+ by 2025.

About Stably

Stably is a venture capital-backed FinTech startup from Seattle (USA), with a focus on providing asset tokenization and stablecoin payment infrastructure for emerging blockchain networks, Web3 wallets and applications, including DeFi protocols, NFT marketplaces and metaverse platforms. The company’s mission is bridging money from traditional finance (TradFi) to the digital economy by providing Web3 users with fiat-to-stablecoin on-ramps that are faster, cheaper, secure and globally accessible. For more information about Stably, please visit: www.stably.io. For any press and media inquiry, please email: [email protected]. For all other inquiries, please email: [email protected].

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Phala Network Joins the Blender Developer Fund to Accelerate Metaverse 3D Modeling and Rendering

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Phala Network Joins the Blender Developer Fund to Accelerate Metaverse 3D Modeling and Rendering

Seattle, WA, 18th January, 2022, Chainwire

Phala Network today announced that it has joined the Blender Developer Fund as a Corporate Gold Member. Participating alongside companies including Intel, Microsoft, AWS, Nvidia, and Adobe, Phala will contribute its decentralized Web3 compute services to Blender’s (blender.org) powerful 3D modeling platform so that organizations can develop and scale their emerging Metaverse worlds.

With a global decentralized network of blockchain-based confidential compute nodes, Phala offers high-performance compute services for 3D modeling and rendering. Phala’a worker nodes will host the Blender rendering service in Secure Enclaves, a distributed privacy technology embedded in modern processors. This enables versatile and confidential execution while creating a powerful, secure, and scalable trustless public computing cloud.

In November 2021, Phala announced its core product – Fat Contracts – a generic programming model to build decentralized services beyond the capability of today’s blockchain smart contracts. As an infrastructure technology, Fat Contracts provide decentralized computation for backend services in Web3. The Phala team showcased its preliminary Fat Contract functionality at the December 2021 Substrate Seminar.

The Blender partnership enables Phala to offer low-latency, high-performance rendering and compute services at a lower cost than traditional cloud services. At the same time, Phala will provide workstation-level computation power for 3D artists to build the Metaverse. Phala has also been developing its own native Metaverse – Phala World – that will use Blender’s 3D technology for maximum visual impact.

About Blender and the Blender Development Fund

Blender User Interface

Blender is an open-source 3D modeling platform built for content creators. It sits at the center of 3D workflows used by artists and builders around the globe. In 2020 alone, Blender was downloaded over 14 million times. The dedicated Blender subreddit boasts nearly 500,000 members and over 100 books focused on the tool have been published so far.

Creators use Blender to sketch, design, build, and polish virtual environments and characters across dozens of platforms, including Decentraland. Blender is GPL licensed, ensuring that the code will remain a free, public good for all time. It protects the developer and user community from malicious patents, hostile forks, and lock-down attempts.

The Blender Development Fund was created to help provide the world with best-in-class 3D technology, with Blender at the core of its offering. The Fund helps to provide grants and subsidies to developers and contributors working on all aspects of Blender, from one-off projects to broader initiatives put into motion by the blender.org board of administrators.
 

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