Daily Archives: May 1, 2008
Short Sale Ruins Credit Score
A couple asks the impact of doing a short sale on their credit history and credit score. A short sale is where you sell your home for less than the amount you owe on it to your lender. Your mortgage lender would have agree to take less than the full amount that is owed in exchange for allowing the sale to go forward. The couple’s credit history could also be dinged if they file for bankruptcy, which they may do to dump a house. Either a short sale or a bankruptcy filing will hurt their credit history and credit score.
Rural Neighbor Breaking County Laws
A rural home owner asks about her rights when a bad neighbor keeps burning freshly cut grass. The bad neighbor won’t stop burning grass in spite of the home owner’s health and a county law banning it. What can the home owner do about her bad neighbor?
Partnership Agreement Helps Domestic Partners Who Separate
If you’re in a domestic partnership and decide to separate, how should you split the home you own together? If you don’t have a business partnership agreement outlining each of your interests in the property it may lead to some confusion. Learn how to divide the property equity and when it is appropriate to involve an attorney.
