Tag Archives: debt relief
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The short answer to the question is yes. The more important inquiry is which option makes the most economic sense for you and your spouse! Georgia follows the common law rules of ownership of property and liability for debt. In Georgia, unless your spouse (or some relative, friend or other person) cosigned for your debt,… Read More »
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On May 2, 2012, the homestead exemption was increased which brought the exemption for an individual filer to $21,500.00 and nearly in line with the federal homestead exemption. This was especially important to Georgia debtors who are not allowed to use the federal exemption as an alternative to the Georgia exemption. In the nearby state… Read More »
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A recent report entitled, “Florida Homeowners Foreclose On Deadbeat Banks”, provides an interesting and unusual commentary on one effect of the on-going “soft” real estate market, especially for an “REO” property which the lender is unable to sell or rent. REOs (Real Estate Owned) include homes foreclosed by a lender which the lender still owns. Lenders at a foreclosure sale with “no bid”… Read More »
