Author Archives: Site Administrator
Short Sale or Foreclosure?
When you find yourself unable to make your mortgage payments, or when the value of your residence sinks below the amount of your mortgage, you may face some hard choices. But whether your financial difficulties are caused by a job loss, divorce, a catastrophic medical event or because you need to relocate for a… Read More »
Current Alimony Law in Florida
In Florida, the award of alimony is not cut and dried according to a neatly laid out statutory formula. Unlike child support, which has detailed guidelines to follow, alimony is based on judicial discretion. Unfortunately, this means that awards of alimony can be widely disparate. Current law provides for seven statutory factors to be… Read More »
What are the Florida Car Insurance Requirements?
Florida drivers are required by law to maintain minimum insurance. While these limits are not very high, they must be maintained during the use of a vehicle. The coverage that Florida requires is as follows: For Personal Injury Protection (PIP): $10,000 For Property Damage Liability (PDL): $10,000 A deductible of up to $2,000 for… Read More »
What Can a Short Sale Do to Your Credit?
The real estate market may be rebounding, but many people still find themselves struggling to make the payments on their mortgages. As a result, an increasing number of homeowners are now selling their homes via short sales instead of having their homes go through foreclosure. In fact, in the second quarter of 2012, short sales… Read More »
When Can I Change My Child Support?
When Can I Change My Child Support? After your divorce is final, you and your ex-spouse have continuing obligations under the terms of the decree. One of these obligations is child support. Neither party can single-handedly change a child support order. To modify the terms of your decree and change the amount of support,… Read More »
Stopping Foreclosure by Seeking a Short Sale
No one wants to lose a home, so receiving a notice of foreclosure is a frightening event. It is important that you take any foreclosure notices from your lender seriously. You do have options available, such as seeking a short sale, but you must act quickly to put yourself in the best possible situation… Read More »