In the beginning of a relationship you aren’t likely to put your name on the inside cover of all your books, or make a list of which dishes belong to who. As your relationship progresses, it is relationship leads to a walk down the aisle; it is a sure bet that your DVD collections will share shelf space. If your marriage ends in separation or divorce, what then do you do if you are unable to determine what property belonged to which person before the marriage?
When you file for divorce and have to figure out a plan for distribution of assets, keep in mind that in Florida the distribution is equitable. To make that distribution easier when trying to classify assets as either separate or marital, the following tips are useful:
Nina Ferraro will be an event panelist at the Women’s Council of REALTORs, Stuart-Martin County Chapter “So, What Does it Take to Become an Entrepreneur,” on Thursday, June 19, 2014, at the Piper’s Landing Clubhouse in Palm City, Florida. A dynamic panel of professionals will enlighten real estate professionals on the ins and outs of starting a business. The panelists will touch upon the legal, technological, financial, commercial and residential realities of start ups.
Title insurance protects you from undisclosed liens.
One of the biggest risks that investors run into is finding out the equity they thought they had when buying a property in foreclosure no longer exists due to liens being discovered once the property is purchased.
A title search will reveal if the party foreclosing on the property is a first lien holder or a subordinate lien holder. If the mortgage being foreclosed on is a first mortgage and the property is bought at a foreclosure sale, then most other liens on the title could be wiped out. Exceptions to this action include unpaid municipal taxes, IRS tax liens, and in some instances condominium association fees.
When conducting a title search, your real estate attorney will want to review the title report and check with the municipality… Continue reading
James Ferraro was recently awarded an AV Rating by Martindale Hubbell! A Martindale-Hubbell Peer Review Rating reflects a combination of achieving a Very High General Ethical Standards rating and a Preeminent Legal Ability numerical rating.
The General Ethical Standards rating denotes adherence to professional standards of conduct and ethics, reliability, diligence and other criteria relevant to the discharge of professional responsibilities.Those lawyers who meet the “Very High” criteria of General Ethical Standards can proceed to the next step in the ratings process.