Article Exchange

Will Bankruptcy Affect My Credit?

Thanks to those who participated in this week’s Legal Q&A Forum! Our winner is Linda T. from Denver, who asks: “Will Bankruptcy Affect My Credit?”

Navigating the Difficult Waters of Offers of Judgment in Bankruptcy

What Is a Deficiency Judgment?

Because of falling home prices, borrowers who always paid their mortgage but who have run into unforeseen circumstances – like unemployment or a job transfer – can no longer sell their homes for enough money to cover the outstanding balance owed t

What Is a Deed?

A “deed” is a legal document that officially transfers the ownership of a particular piece of real estate. In addition to listing the new buyers’ names, a deed also contains the past property owners’ names.

Knock On Wood? Not Likely To Help Save The Furniture Industry From Itself

The first ten years of the 21st century have not been friendly to the furniture industry. According to an ABTV Industry Report, about 20,000 furniture stores comprise the U.S.

Income Tax Liability in Short Sales & Deeds in Lieu of Foreclosure

If your lender agrees to a short sale or to accept a deed in lieu of foreclosure, you may have to pay income tax on any resulting “deficiency,” which equals the amount you s