Archived
How can a home be purchased with a mortgage, after filing a deed in lieu of foreclosure, without waiting three years?
Christopher's answer
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Answered on February 21, 2009
The prohibitions on the new mortgage within the 2 years is a Fannie Mae and Freddie Mac underwriting requirements. Your friend's options are to...
Archived
In Florida, is a private mortgage held by a single investor , secured by one single family home , considered a security ?
Christopher's answer
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Answered on February 20, 2009
What you describe is likely covered by the provisions of Chapter 517, Florida Statutes which should be consulted. This situation is complex and no...
Archived
Formed a llc last year, my partner is resigning. what are the steps that should be followed???
Christopher's answer
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Answered on February 20, 2009
The Florida Secretary of State provides very helpful forms for your use. The attached link will permit you to fill in the information, including a...
Archived
Do series LLC's provide adequate liability protection?
Christopher's answer
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Answered on February 20, 2009
The State of Delaware created a new type of legal entity which permits a single limited liability company to own multiple subsidiary limited...
Archived
Recently married and we both have a home. We cannot carry both homes any longer.
Christopher's answer
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Answered on February 19, 2009
Florida has very broad protections against debt collection which will assist you in your decision. If a spouse did not sign on the debt obligation...
Archived
If a company is incorporated in Delaware but employs people from all over the US, what labor laws prevail?
Christopher's answer
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Answered on February 19, 2009
The location of your employment will govern. Additionally, under Florida's employment law the employer does not need to provide for severence, nor...
Archived
Our unmarried unemployed daughter and her 3 year old son have lived with us for 2 years.
Christopher's answer
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Answered on February 19, 2009
You are allowed one tax exemption for each person you can claim as a dependent on your tax return. In order to claim a dependent on your tax return...
Archived
Own two retail stores...one is failing, but the successful store is a guarantor on the loan...any suggestions?
Christopher's answer
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Answered on February 19, 2009
You are in a difficult position. If the profitable store (I assume it is a different corporation) is the guarantor, I would suggest contacting the...
Archived
Signing for a 12 months memebershp paying for 36 months.
Christopher's answer
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Answered on February 19, 2009
If the contract terms permit the termination then the LOA may have breached the agreement. The statute of limitations for the breach of a written...
Archived
I just purchased a business and the broker spent the ernest funds and is suing for closing fees. We did not use him for dishones
Christopher's answer
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Answered on February 19, 2009
A broker, whether real estate or business as here, owes you a fiduciary duty. If the broker has breached his fiduciary duty he is not entitled to a...
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