Recently, we've had investors and property owners contact us to review lease agreements prepared either: (1) by some company that produces forms that can be bought off the shelf at a office supply store, (2) from another state, (3) from another landlord-tenant situation, or (4) from the Internet. Sometimes, these lease agreements are fine, but most times these lease agreements can cause more trouble than good because they fail to comply with Florida laws or because they fall short of containing the agreement of the parties.
When clients come to see us about foreclosure, loan modification, short sale, bankruptcy or debt settlement, one concern is the impact of all of these things on their credit score. While we understand that concern, it is often overshadowed by our goal of reducing debt, because credit can be rebuilt. We first need to understand how a credit score is calculated, in order to understand how to rebuild a credit score.
A while back, I wrote a blog titled "What Chapter of Bankruptcy is Right for Me?" This blog is meant to supplement, or even precede that blog as we explore whether someone should even file bankruptcy. The determination on whether to file is largely based upon the debtor's income and non-exempt assets.