Are you under water on your home mortgage? Are you considering a short sale to get out from under the mortgage? A short sale can be an effective way to relieve yourself of debt and get out of an underwater mortgage. When you short sell your home, you agree to sell it for less than the remaining balance on your mortgage. You usually need your lender's approval and cooperation to do this, since it's likely that they won't get repaid on the full outstanding balance.
A judgement is a decision granted by a civil court against a debtor. It is filed by a creditor to collect a debt when the debtor is behind in scheduled payments.
There are several steps that must occur before a judgement is granted, and limited options for the debtor after the process is completed.
Why does a creditor pursue a judgement?
When a debtor is unable to repay a debt in a timely manner, the creditor will usually attempt to contact the debtor to determine the problem and possibly make arrangements for paying the arrears.
If you have been injured because of another person's negligence and are considering hiring a personal injury attorney to help you with your claim, you should understand ahead of time that the personal injury process can be long and stressful. It does help to understand that these cases do proceed in a somewhat step-by-step manner, however. If you know what's in store, it could help relieve some of your confusion at a time when you may be suffering from physical and emotional issues because of the accident.
No matter how fairly you divide things in a will, expect an heir to be dissatisfied with what you leave them. One way to stop an heir from contesting a will is a no contest clause, which means challenging your will could cause them to forfeit what you left them if they don't win in court. A no contest clause was once called "in terrorem," since the purpose of the clause intended to place fear in any person who challenged the will.
If you are considering buying a substantial piece of property for various purposes, you should understand some basic things about water use since your needs and the rights of others could come into conflict. The two main sources of water are below the ground and above ground. There are various laws and principles used in settling disputes that arise over both sources.
Underground Water Sources
An underground reservoir is called an aquifer, and water that permeates through rock, sand, or earth is called percolating water.