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- Rights of California Renters when the Property Is Sold
In some situations, California landlords decide to rent out their properties until they are able to find a buyer. When a unit is sold that is occupied by a renter in California, the renter still has many tenant rights that must be honored and respected. Simply selling the property does not usually justify an immediate eviction of a tenant.
- Can You Recover from Bankruptcy and Foreclosure
Former homeowners who have been foreclosed on have to go through an entire year of loss after loss. First, they lose their home and have to relocate. Next, they have to figure out how to re-establish credit because they have lost their once good credit rating. Then, as homeowners attempt to put this behind them, they go to the mailbox and receive a 1099. A 1099A or 1099C is issued by the creditor for the abandonment or cancellation of debt.
- Forming an LLC to Purchase Real Estate
Limited liability companies (“LLCs”) are the entity of choice for most transactions involving the purchase and/or development of real estate. There are many situations in which another entity may be used, as, for instance, when a company owns various assets, only one of which is real estate. Still, LLCs predominate.
- Avoiding Foreclosure and Eviction without an Attorney in California
Foreclosure is a scary, cumbersome process that often renders homeowners desperate for help, and all too often they call upon unqualified, or unethical, self-proclaimed foreclosure defense attorneys or advocates.
- Notice of Assignment of Mortgage before Suit Is Not a Defense to Foreclosure in Florida
Recently foreclosure defense attorneys have argued that FL Stat. 559.715 is a condition precedent to foreclosure and a defense to foreclosure. Recently the 2nd DCA finally rules on the issue and held otherwise.
- Can Storage Companies Remove My Belongings?
When a person has more belongings than he or she can comfortably store in a home, he or she may take extra belongings to an off-site storage company. The circumstances about which the storage company can remove belongings are based on state law and the specific contract.
- What Are the Advantages and Disadvantages of Joint Tenancy?
Joint tenancy is one type of concurrent ownership in which two or more individuals own the property simultaneously. Joint tenancy provides a number of benefits to co-owners. However, it also poses certain risks.
- New York Zombie Foreclosures On the Rise
According to RealtyTrac, there were 16,700 zombie foreclosures in New York in 2014. That number has since risen by 54 percent. These homes are often the houses that bring a neighborhood's value down; the houses with unkempt lawns and boarded-up windows that are easy to ignore and forget.
- Learn the Steps to Avoid Losing Your Home to Illinois Foreclosure
If you are facing foreclosure, don't give up hope just yet. There are ways you can work to keep your home. Before signing away your deed or allowing the bank to foreclose on your house, contact an experienced foreclosure attorney to discuss the options that are available to you. Depending on your circumstances, keeping your home can be fairly simple or require a more complicated strategy.
- Florida Homeowners and Investors Bracing for Next Huge Wave of Mortgage Foreclosures
The next foreclosure epdimic is coming from hundreds of thousands of Home Equity Lines of Credit (HELOC)s that are coming due after their 10 year term.