As housing prices have appreciated, we have seen less foreclosures and short sales - they're not gone, but clearly reduced in number recently.
The trend we've seen in an increase in other types of lawsuits with the increase in property values.
In particular, I have many more partition lawsuits in the office than I did a year or even six months ago. In a partition lawsuit, two co-owners are fighting over whether to sell a jointly owned home, and when sold how much does each owner receive from the sale. Typically, partition lawsuits arise between unmarried individuals that own property - siblings or extended family, non-married individuals that co-own a home, and people who acquire a home jointly as heirs of a deceased person.
Along with partition lawsuits, we have also seen a rise in quiet title lawsuits. The purpose of a quiet title lawsuit is to have the Court determine whether someone's interest in a house is legitimate - maybe an heir omitted from probate, or maybe a "wild deed" in the title.
On this week's episode of the Crushing Debt Podcast, George and Shawn talk about real estate, partition and quiet title lawsuits.
For more information on these topics, check out previous episodes:
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To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com.
To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com / www.YesnerLaw.com.
How Much Debt Do I Need to File Bankruptcy? - Episode 419
Un-Lease Your Business - Episode 418
Score Success: Crushing Debt Edition - Episode 417
Why Wellness is Financial - Episode 416
The Secret to Paying Off Six Figures of Debt - Episode 415
Convert Your Debt to Wealth - Episode 414
Tik Tok Money Hacks - Episode 413
Signs You Might Need Help - Episode 412
Debt In Different Life Stages - Episode 411
Spring Break with The Crushing Debt Podcast - Episode 410
Money Stress and Triggers - Episode 409
Living With Mom and Dad - Episode 408
Buying a New Car - Episode 407
Money Trivia - Episode 406
Financial Anxiety - Episode 405
Love, Loss and Ledger - Episode 404
Is Life Insurance Worth it? Episode 403
Why Property Insurance is a Dumpster Fire - Episode 402
15 Reasons People Go Broke - Episode 401
Sleeping Giant of the Senior Real Estate World - Episode 400
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