Blog Archives

Homestead and “Wildcard” Exemptions in Bankruptcy

Part III

In the last two weeks we discussed some basic bankruptcy concepts as well as Florida’s Homestead and Personal Property exemptions. With any luck, this week’s discussion will hopefully tie the last two blogs together and shed some light on the proverbial “big picture.” That being said, I urge you to review my previous two blogs beforehand. Also, if time permits, my “Homestead” blogs will help clarify this as well.   Read the rest of this entry

BANKRUPTCY EXEMPTIONS: Part II

BANKRUPTCY EXEMPTIONS:
Part II
Homestead, Personal Property, and Enhanced “Wildcard” Exemptions

Last week we began discussing some general bankruptcy information. This week we will focus our attention on Florida’s exemptions. Specifically, the Homestead and personal property exemptions. Read the rest of this entry

Should I consider doing a Short Sale?

Last week we discussed what a short sale was and how the process works.  This week I want to tell you about other parties involved in a short sale and what the possible ramifications are.  Read the rest of this entry

What is a Short Sale?

I’m going to make this a two part blog.  First, I’ll explain what a short sale is and how the process works.  Then, next week, I’ll tell you about possible ramifications and other parties involved.  A short sale is a sale in which the proceeds from selling the property is less than the balance of debts secured by liens (mortgages) against the property and the property owner cannot afford to repay the liens’ full amounts. The lien holders then agree to release their lien on the real estate and accept less than the amount owed on the debt.  Read the rest of this entry