How to Protect Your Construction Company from Legal Disputes

As a construction company, legal disputes with clients (or others) are among the biggest problems that can be faced. In addition to being potentially costly, they can also result in extensive down-time and even reputational issues that could cause issues for your company for years. Learning how to avoid legal disputes is an important skill that all construction company owners or managers need to learn. The following tips can help to reduce the ...
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A Brief Introduction to Florida TRIM Notices

If you're a property owner in Florida, you should pay close attention to your TRIM (“Truth in Millage”) Notice. The notice is typically sent out in August and aims to forecast the value of your real estate property as of January 1 in the following year. The valuation will affect the property taxes you pay in November, as outlined on the notice. Because the real estate market has a tendency to fluctuate, you should review your TRIM Notice ...
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What Could Go Wrong?: The Dangers of Purchasing a Home Without Legal Guidance

Home ownership is a serious undertaking with a long list of potential perils. While many home buyers don't think to involve a lawyer until after a deal is made, you actually run several risks when you purchase a home without legal guidance. Take a look at some of the possible dangers that can arise when you buy a home without legal counsel. Unexpected charges Many people are reluctant to hire lawyers because of the expense, but have you ...
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Refinancing With HARP Before Its Expiration

Many of Americans have what’s known as an “underwater” mortgage, which means they owe more on their mortgage than what their home is worth. If that’s the situation you’re in, the Home Affordable Refinance Program (HARP) can help. This program was created in March 2009 by the Federal Housing Finance Agency as a response to the collapse of the housing bubble and the subprime mortgage crisis that led to the Great Recession.   At the time, ...
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Financing Your Home: Understanding The Various Types of Mortgages

These days, it’s just about impossible for most people to afford a house without a mortgage. Of course, you can’t just walk into a bank and say “I’d like a mortgage, please” – there are a lot of different types of mortgages to choose from, each with their own set of pros and cons. Let’s take a look: Fixed Rate A fixed rate mortgage is just what it sounds like. The interest rate remains the same—fixed, that is—for the entirety of the ...
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Mortgage Math: How Your Debt-to-Income Ratio Affects Your Financing

Mortgage Math: How Your Debt-to-Income Ratio Affects Your Financing There are many factors a lender will consider when they are determining whether you qualify for a mortgage or not. They’ll look at your credit score, how stable your income is, and how often you pay your bills on time. Another key factor which you should be aware of is your debt-to-income (DTI) ratio. DTI Ratio Defined Your DTI ratio is how much of the gross total of ...
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Understanding Florida Landlord Security Deposit Obligations

Anyone who’s ever looked for property to rent in Florida before knows that most leases require you to send your landlord a security deposit. But when you transfer over that deposit to your landlord, where does the money actually go? What information about the deposit are you entitled to? What do you do if your landlord claims you broke the lease and attempts to withhold your deposit? You can find everything you need to know in Florida ...
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5 Common Mistakes Every Renter MUST Avoid

Renting a house or an apartment can be a great option for people in many situations throughout life. It is typically a more affordable option, and comes with far fewer responsibilities than buying a house. Whether you’re planning to rent for just a few months, or you want to stay in one place for years, make sure you don’t make the following common renter mistakes. Skimming Over the Lease Agreement When signing the lease, many people just ...
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Bankruptcy Basics: The Difference Between Liquidation & Reorganization

There are many reasons why people have to declare bankruptcy ranging from over extended credit, loss of income, medical debt, and many others. Deciding to declare bankruptcy is never an easy decision, but if you are going to go through the process, you will want to make sure to choose the right type of bankruptcy. For most people, the two options include chapter 7 (liquidation) and chapter 13 (reorganization). Each of these options are good ...
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Understanding the Dischargeability of Student Loans in Bankruptcy

When signing up for a college education, far too many students don’t give their educational loans a second thought. After they graduate with an average of $35,000 in student loan debt per person (as of 2015), however, it starts to become a major problem. It is currently estimated that more than 11% of all student loans are in delinquency, and that number continues to rise. Many people who are struggling with student loan debt believe that ...
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