Blog
Bankruptcy Basics
Bankruptcy is a set of legally-defined ways for individuals or businesses to settle debts without full payment, by following rules that govern their assets and financial actions for a period of time. There are two broad types, liquidation and reorganization. Under l...
Bankruptcy Protection
When a person or business concludes that meeting their debts is not realistic, they may file for bankruptcy in Federal Bankruptcy court. A bankruptcy filing places an automatic stay on debt-related actions and judgements, including wage garnishment -- court-orde...
Landlord Rights & Responsibilities
A landlord owns property that is rented or leased to someone else - the 'tenant' or 'lessee.' Both responsibilities and rights for landlords are defined by law - usually state and local codes in the US. Responsibilities for landlords may cover property, contract, an...
Rent-To-Own Agreements
Picture this agreement between two players in a board game: 'If you land on my property 10 times, pay $5 more each time, and then you can buy it for $200.' The first player still owns the property for those 10 turns, but the second player has secured a set pri...
Alternatives To Litigation
While there's no concrete answer to how long a lawsuit process might take in court, US cases take over a year on average, and cases running 5 or more years are not unheard of. The load of cases before state courts has increased over time, and staffing has not. Stati...
When Would I Need A Courtesy Closing?
Both buyers and sellers look forward to closing on their homes, but what happens if there's a problem and either party can't get to the location where the closing is held? In cases like these,
Underwater homeowners could face extra tax burden in 2014
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Closing Disclosure Form (HUD1) – FORM
New forms, new ways for Fort Myers and Cape Coral Closings. The Consumer Financial Protection Bureau (CFPB) has issued new rules nationwide for closing loans. The new rules and forms will allow consumers to better understand what they are getting into in terms of the lo...
Loan Estimate Form (GFE) – FORM
New rules across the board even for Cape Coral and Fort Myers closings. The Consumer Financial Protection Bureau (CFPB) has released a new rule regarding disclosure for loans. This rule produced new forms that will replace existing ones to help consumers make clearer de...
The NEW Loan Estimate Form and Closing Disclosure Form
Just when you thought you knew everything, it all changes again. This will effect those who are in Cape Coral or Fort Myers as well. On November 20, 2013, the Consumer Financial Protection Bureau (CFPB) issued a rule to replace existing federal mortgage disclosures wit...