If you fall behind on your monthly mortgage payment and cannot catch up, there are several options available to you. One such option is a deed in lieu of foreclosure. This is an agreement in which you turn over ownership of your home to your mortgage lender in...
Year: 2022
When may someone lack the mental capacity to write a will?
You, as a family member, should feel confident that a loved one created and signed a will with a clear and lucid mind. Sometimes families suspect that an elderly relative wrote a last will and testament while suffering from mental impairment. This is why some families...
Why are foreclosures so common in Florida?
Florida is a top state for real estate transactions, as many people worldwide want to live and do business in this pleasant location. With such a desirable area, it may be surprising to discover that the state has one of the highest foreclosure rates in the United...
How can I negotiate a debt with the lender?
If you find yourself in trouble financially, you may immediately think about filing for bankruptcy. However, that is not always the answer. You may have other options that can help you to avoid that dramatic step. One thing you may consider is negotiating with your...
What does a gray divorce mean?
As couples age, they may decide that going through life together no longer works. Divorce at any age has its challenges, but those spouses over the age of 50 may land in a unique and challenging situation. Gray divorce is the term given to an older couple who decide...
What are the different severities of burn injuries?
Suffering from a burn injury will result in different ways of treatment depending on its categorization. Thus, it is important to understand the different categories that burn injuries fall into. This determines the type of treatment needed, the negative effects that...
How could a party default on a residential purchase agreement?
A purchase agreement contains the price, terms and requirements for a real estate sale. The goal is to protect both buyer and seller. If everything in the agreement is in order, the transfer of property should go smoothly. However, if one party defaults, the other...
Aggressive driving and motor vehicle collisions
If you encounter an aggressive driver on the road, it is imperative to remain vigilant and focus on your safety. Aggressive drivers can increase the chances of a serious accident in various ways, whether they drive too fast, follow other vehicles closely, ignore...
Florida ranks among top states for foreclosures
Foreclosure rates are on the rise nationwide, especially in Florida. Read on to find out where Florida ranks nationally, some potential factors that may contribute to the increase and what these statistics mean for Floridians. Where does Florida rank in foreclosures?...
Can an HOA foreclose on your home?
When most people hear the word "foreclosure," they think of a bank foreclosing on a home because the homeowner did not make the mortgage payments. Many people are not aware that there are circumstances where a homeowners' or condominium owners' association may...