by Jennifer Ferri | Mar 12, 2020 | Legal:
‘Deed In Lieu’ is a common short-hand term for a particular situation. Namely: when a borrower can’t make loan payments and hands over their deed to the property instead, so that the lender does not have to take the home. The full phrase is...
by Jennifer Ferri | Feb 20, 2020 | Legal:
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...
by Jennifer Ferri | Jan 30, 2020 | Legal:, Title Insurance
In US law, one party can bring a lawsuit against another party in court. In civil cases, the party bringing the suit—called the plaintiff—generally claims to have incurred loss through actions of the other party—the defendant. In criminal cases, the state—whose legal...
by Jennifer Ferri | Jan 2, 2020 | Legal:
To understand patents, trademarks and copyright—the main forms of intellectual property—let’s compare them to board games. Imagine a game rule that says, you can make up a new rule. If the banker allows the rule, you get exclusive use it for 20 turns. If others...
by Jennifer Ferri | Dec 12, 2019 | Legal:
When a couple marries, they gain the legal right to do certain things together, such as own property or owe debts. Divorce is the legal termination of marriage; the legal status, responsibilities and arrangements of the married couple are cancelled. Divorcing requires...
by Jennifer Ferri | Nov 14, 2019 | Legal:
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...
