Contract for deed agreements, like rent-to-own agreements, can provide certain buyers a way into home-ownership when a traditional mortgage is not an immediate option. Like rent-to-own agreements, though, contract for deed agreements do involve certain risks.Some of...
For those who have good credit, steady income, and access to a reasonably affordable housing, home-ownership is relatively easily within reach. Unfortunately, not everybody has these resources, and this makes home-ownership a more difficult prospect.For those who are...
A finalized divorce decree results in more than just the end of a marriage, it also results in a division of assets. If not done carefully, the settlement agreement can result in unexpected surprises. One area that can lead to unexpected outcomes is the impact a...
Becoming a homeowner is a big step to take, and it is important to ensure that one has the resources to do so. Not every consumer is going to qualify for a traditional mortgage, but there are alternative arrangements that can make it possible for those with...
Bankruptcy is a legal process enabling individuals or businesses either to get rid of or to repay debt. If you are struggling with burdensome debt and considering bankruptcy, it's important to become familiar with the bankruptcy process starting with the two most...
In our last couple posts, we've been looking at some of the basic features of Chapter 7 and Chapter 13 bankruptcy, focusing particularly on financial eligibility requirements and the general process by which these forms of personal bankruptcy work.One particularly...
Previously, we began looking at some of the basics of Chapter 13 bankruptcy, including generally how the process works and some of the eligibility requirements. Chapter 7 bankruptcy is different than Chapter 13 in that it involves the liquidation of assets in order to...
If a couple is not married, there will be no alimony payments when the relationship ends. But what about palimony payments?Many people assume that palimony is the spousal support a wife gives a husband after a divorce. This is not the legal definition of the word....
Weathering the storm that is divorce is only the beginning. Once the storm dies down and the final settlement papers are signed, life begins anew.Preparing for this new phase of life may seem intimidating. This is particularly true when it comes to reviewing your...
Co-operative and condominium building managers and board members have a difficult, albeit rewarding, job: keeping the residents of their building happy.Co-op and condo buildings are, by definition, communal. In both co-ops and condos, residents share space; in condos...
