Americans face post-foreclosure hell as wages garnished, assets seized – Yahoo News
In judicial foreclosure states (typically Midwest and East Coast) – Fannie Mae (a federal govt branch) (and other large lenders following FNMA’s lead) are pursuing ‘deficiency’ judgments against ‘strategic defaulters’ on their residential home loans. Using a legal tool known as a “deficiency judgment,” lenders can ensure that borrowers are haunted by these zombie-like debts […]
In Washington, No Monetary Claim Against the Foreclosing Trustee For Wrongful Foreclosure Until the Foreclosure Sale Has Occurred
In Frias v. Asset Foreclosure Services., Inc. (Wash. Sept. 18, 2014), the United States District Court for the Western District of Washington certified a question of Washington law to the Washington Supreme Court. The issue centered on whether Washington law recognized a cause of action for monetary damages where a plaintiff alleges violations of the Deed […]
Five Questions to Ask Before Stealing From Your 401(k) – WSJ
Everybody knows it’s a sin to raid your 401(k). Or so people say. The truth is, sometimes it can be an option if you’re short on cash and faced with, say, big medical or tuition bills, threat of foreclosure or other pressing need. Most company plans do permit loans and hardship withdrawals from 401(k)s, though […]
Small Businesses To Be Sued Because Their Websites Are Not Handicap Accessible (Wall St Journal)
Businesses should brace for a new crop of so-called “accessibility” lawsuits alleging that their commercial websites fail to comply with federal disabled-access law, lawyers say. For years, advocates for the disabled have fought to apply the 1990 Americans with Disabilities Act to e-commerce and mobile apps. Doing so would require small online retailers—and other commercial […]
Wealth: A Mistaken Prohibition? – daveramsey.com
Wealth is powerful and, therefore, dangerous. It is not for the spiritually immature. In fact, wealth is so powerful that a significant portion of the Bible’s teaching on wealth focuses on the dangers. As we look at some of the warnings and snares, we should learn to take caution—but this does not mean we are […]
Over the Past 112 Years – Which Occupations Are Most Likely To Be A Homeowner? You Would Be Surprised!
Who’s more likely to own a home — those in jobs that pay more, right? A new study by Ancestry.com Inc. suggests the answer is more complex. Roughly 90% of optometrists in the U.S. owned a home in 2012, according to the family-tree website, which analyzed census data going back to 1900. So did 87% […]
HOME-SHARING? DON’T IGNORE THE LIABILITY
Typical insurance policies won’t cover people participating in the “sharing economy” by renting out their home or using their car for driving services. More and more insurance companies and state insurance regulators have ruled that home owners may find themselves without insurance if there would be a loss when renting out their home or car. […]
Proposed abandoned property law stirs debate
City council slated to vote on ordinance this month Judith Spitzer October 9th, 2014 -Judith Spitzer This duplex building, located at 3007 E. Fourth in east central Spokane, is one of 200 to 300 properties in foreclosure in the city currently. City leaders say a proposed registry of vacant, single-family Spokane homes in foreclosure would […]
Avoid Washington (and Idaho) Probate Using The New Transfer On Death Deed
In Washington and Idaho, how do you keep your house, or other valuable real estate, out of probate? If you own it jointly with your spouse, as community property, you typically can pass title to your spouse without a probate. However, if you hold title to the property in your name alone or want to […]
Is Your Business Data Safe? How To Protect Yourself
While small businesses may not experience a firewall attack or a hacker implanting code in their systems, as has happened with large corporations, they still have information that is attractive to criminals. “Typically, when hackers go after SMBs, they are going after personal identifying information of people who work there,” Falcon says. “And there’s often […]