When it comes to buying property, everybody wants a bargain. However, today's economic climate has made it difficult for budding real estate developers to grow their portfolio. One of the best ways to add value to your portfolio is to buy a foreclosure – a bank owned by a lender due to the previous buyer defaulting on their mortgage. With foreclosures however, there are a few important things to note:
- A bankruptcy can be one of the most traumatic financial events that you'll ever go through, and you'll probably breathe a sigh of relief when the bankruptcy filing, with the help of companies like FactorLaw, is final and all of the debts that have been hanging over your head are safely discharged. But once that's finished, you'll have to figure out what to do about your financial health going forward. How do you repair your credit?
- As the owner of a bar, one of the biggest fears you may have is losing your liquor license. A liquor license is a legal requirement for any business that sells alcohol, and getting one can be expensive and time-consuming. Once you have one in place, you must do all you can to prevent losing it, which means setting up strict parameters and procedures for all of your employees to follow.
- Journalistic articles usually focus on relevant facts of a situation: who, what, when, where, and why it occurred. For years, the media has cautioned that motorcycles are more dangerous to operate than cars. It's true: Motorcycle accidents have always caused more severe injuries than those involving vehicles. If you own a motorcycle, you are probably already alert to important safety issues, such as wearing a helmet and not riding between car lanes.
- If you are determined to be at fault for an accident that causes injury to another driver, you can be named in a personal injury case and sued for that driver's medical expenses, lost wages, and other injury-related expenses. What happens when it's not you, but rather your child, who causes an accident when driving? Whether or not you can be named in a personal injury case when your child causes an accident depends on several factors.