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When deciding whether to fight a foreclosure, take steps to avoid it, or just walk away, you will want to know whether you will still owe the money that the lender loses because of your default. This is usually measured as the difference between what the lender ends up with at the end of the day and the amount of your loan and it is called a deficiency.
If you are the owner of a piece of property in Missouri, you acquired the property by a deed, which gives you title and ownership of the property. If you are one such owner, it is important to understand the different types of Deeds including: General Warranty Deed: This type of deed guarantees a clear title to the buyer of property, who is warranting to the seller that they ...
St. Louis workers are eligible for unemployment compensation if they are temporarily out of work through no fault of their own. To determine whether an employee is temporarily out of work Missouri agencies look to the employee’s recent work history and earnings during a stretch of time called the “base period.” Only employees who have been working relatively recently can collect unemployment.
If you are like most people, you depend on regular paychecks in order to pay your rent or mortgage, buy food, and cover other expenses associated with day-to-day life. As a result, the sudden loss of your job can be terrifying and leave you scrambling to find an alternative source of income. Fortunately, if you have lost your job through no fault of your own, there is a good c ...
What is a Trust? A trust is a legal arrangement in which on party transfers assets to another party, who holds those assets “in trust” for the benefit of others. The party who creates the trust is called the “grantor” or “settlor,” the party that holds the assets is known as the “trustee,” and the party from whom the assets are held is referred to as the “beneficiary” (or “benef ...
Financial problems can affect nearly every aspect of your life, and bankruptcy often provides a solution for people who are unable to keep up with their monthly bills. While filing for bankruptcy can certainly help many people, the decision to file should never be taken lightly and you should only proceed after careful consideration.
A last will and testament is a powerful tool that allows you to direct your assets to specific people or organizations after you pass away. In the absence of a will or other estate planning tool that provides for property to pass to specific parties, Missouri intestacy law will apply, which may or may not reflect your wishes.
What is Chapter 7 Bankruptcy? Chapter 7 bankruptcy is a legal process authorized by federal law that allows some people to eliminate their debts by liquidating (selling) their non-exempt assets. After the liquidation is complete, most, if not all, remaining debts are discharged, which means that people who file are under no legal obligation to pay them back.
Avoiding probate is one of the primary goals of many estate plans, and this should come as no surprise to anyone familiar with the process. Probate involves proving the validity of a will and administering the estate of a deceased person, which means settling debts, paying taxes, appraising the value of non-liquid assets, and transferring assets to beneficiaries.
The saying goes that nothing is as certain as death and taxes. However, did you know that taxes can persist even after your death? After you pass away, the executor of your estate will be responsible for paying all of the required taxes from your assets before your estate can be distributed to your beneficiaries. Such taxes include income taxes, property taxes, and potentially estate taxes.
While it is often said that you can’t choose your family, the same usually holds true for your neighbors. It is not uncommon for neighbors to not like how the other is using his or her property or to have disputes about issues regarding boundaries and easements. In many of these situations, feuding neighbors choose to live with a simmering dispute for years – in others, they ac ...
Unemployment benefits exist to provide workers who are unemployed through no fault of their own with monetary payments for a specific amount of time until the worker can find a new job. Eligibility is determined on a state-by-state basis and usually requires claimants to have made a certain amount of money during a specific time period prior to claiming unemployment.
A mortgage default occurs when your mortgage goes unpaid for a period of time or if less is paid than the amount due. A default is not the same as a foreclosure, but your mortgage lender can choose to begin the foreclosure process allowed by Missouri mortgage laws if your mortgage remains in default.
Not everyone who is terminated from his or her job is entitled to unemployment benefits. Eligibility is based on a variety of factors, including the reason for termination. However, just because an employee’s termination was justified does not mean that that employee cannot receive unemployment benefits.
Most people recognize the sacrifice our military servicemen and women make for our country. From the intense training of boot camp to the constant relocation to different bases and especially their lives on the front line, their efforts do not go unappreciated. However, one aspect that is sometimes overlooked is the sacrifice that the spouses of our military members make to sup ...
The vast majority of residential home purchases are relatively simple transactions that involve boilerplate forms. As such, they are usually handled by real estate agents and brokers alone without the involvement of attorneys. However, there are several reasons why you might want to think about hiring an attorney to represent you when buying a house.
Unemployment benefits1 are designed to help employees bridge the gap for unexpected and unmerited gaps in employment. Since most employers can hire and fire at will, this benefit allows workers to cover their life expenses while they search for another position. As such, the most common situation for unemployment is when a company is making layoff, downsizing departments, or i ...
Buying a house is the American dream. It allows people to own their own piece of the world, to build equity, and to create a home for their family. The purchase of a home is often the largest purchase people will make in their lifetime. As such, there is often some hesitation and a fair amount of anxiety involved over the formalities involved.