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How to Stop Your Creditors From Filing a Lawsuit Against You

How to Stop Your Creditors From Filing a Lawsuit Against You

In today’s world, creditors are often quick to file a lawsuit against a debtor. However, there are a few things that can be done to stop them from doing so. By understanding the creditor’s legal rights and how to protect oneself from lawsuits, it may be possible to avoid the costly and time-consuming process of defending oneself in court. This article will show you the steps to follow to ensure that your creditors cannot file a lawsuit against you. What are Creditors’ Rights in Flo[...]

How Property Buyers in Florida May Benefit From Using Estoppel in Their Real Estate Transactions

How Property Buyers in Florida May Benefit From Using Estoppel in Their Real Estate Transactions

If you are considering buying a property in Florida, you need to be aware of estoppel. "Estoppel" is a legal doctrine that can protect the buyer in a real estate transaction. An estoppel certificate informs the buyer of ongoing assessments and violations at the property. So, as a buyer, you may request an estoppel certificate to certify the property's ongoing assessments and violations. If you buy a property with an estoppel certificate and later learn that there are still violations, you can su[...]

Who Will Know if You File for Bankruptcy in Florida?

Who Will Know if You File for Bankruptcy in Florida?

In order to file for bankruptcy in Florida, you must choose one of the state's bankruptcy courts. Once you have made your choice, the court will assign you a case number and will begin to process your case. However, given that bankruptcy is often available in public records, many wonder what impact that may have on their financial future. This article should help clear the air a bit, by letting you understand who will know about your bankruptcy and what they can do with that information. [...]

Get the Scoop on Title Insurance: What is it and Do You Need it?

Get the Scoop on Title Insurance: What is it and Do You Need it?

A property title is a document that shows the legal owner of a property. The title includes information about the property, such as the address, the owner's name, and any liens or mortgages against the property. The title is important because it proves ownership of the property and can be used to transfer ownership of the property. Title insurance is a form of insurance that protects the title to a piece of property from any claims that may arise against it. This type of insurance is typicall[...]

What You Need to Know Before Investing in Property in Florida

What You Need to Know Before Investing in Property in Florida

Are you considering investing in property in Florida? Here is what you need to know first: Make sure you have a realistic idea of what you can afford: Just because the Sunshine State is known for its affordable housing does not mean that all properties are within budget. So, before investing in property in Florida, it is important to have a realistic idea of what you can afford. Additionally, as the market for property in Florida is sometimes competitive, some people may make an offer on a ho[...]

What Happens to Child Support if You File for Bankruptcy?

What Happens to Child Support if You File for Bankruptcy?

If you are behind on your child support payments and are considering bankruptcy, you may be wondering what happens to child support if you file for bankruptcy. Sure, bankruptcy could be a lifesaver -- a way to have a fresh start devoid of many financial obligations. Will bankruptcy eliminate your child support obligations in Florida? What is Child Support? Child support is a payment, usually monthly, that one parent pays to the other parent to help cover the costs of raising their child. [...]

Can Bankruptcy Help You Erase Medical Debt?

Can Bankruptcy Help You Erase Medical Debt?

According to a recent report by the Peterson-KFF Health System Tracker Organization, more than more than 6% of American adults have at least one outstanding medical bill that is greater than $1,000. Additionally, the report noted that most Americans who have medical debt disclose that it has caused significant financial difficulty. Understandably, many individuals wish that the difficulty would just go away. Well, if you cannot afford to pay your medical bills and have been struggling to make[...]

Should You Purchase Tenant-Occupied Real Estate in Florida?

Should You Purchase Tenant-Occupied Real Estate in Florida?

Florida is a great place to purchase real estate. The state has a strong economy and an expanding population, which means that there is always a demand for rental properties. As such, many investors buy property in Florida with the primary intent to rent this property. So, if the goal is to rent the property you purchase, and you get one that is already tenant-occupied for sale, should you go for it? Well, the answer to this question depends on a variety of factors, including your own financi[...]

What is the Effect of a PACE Loan on a Real Estate Closing?

What is the Effect of a PACE Loan on a Real Estate Closing?

A Property Assessed Clean Energy (PACE) loan is a type of non-traditional loan that allows homeowners to finance energy-efficiency and renewable-energy projects. The loans are usually repaid through property taxes, so the homeowner does not have to worry about making separate monthly payments. PACE loans are available in many states, including here in Florida, and they can be used to finance a wide range of projects, including solar panels, wind turbines, and energy-efficiency upgrades. These[...]

Does Bankruptcy in Florida Clear Out Tax Debt?

Does Bankruptcy in Florida Clear Out Tax Debt?

In the United States, personal bankruptcy is a legal process that allows individuals to clear out their financial debts and start fresh. This means that any debts that may be owed could be automatically eliminated by the court system. However, before you make any decisions, it is important to know whether your tax debts will be cleared out by the bankruptcy process. In some cases, tax debts are discharged in a Florida bankruptcy. However, this is not always the case, and there are certain fa[...]