Real Estate Survival Guide with Terry Story
Business:Investing
Today’s chat with Boca Raton real estate agent Terry Story begins with an article she gave to Steve titled “Distressed Homeowners: It’s Bankruptcy Season.” Terry says she’d never heard of such a thing as “bankruptcy season” and was baffled at first to learn that it occurs “at the same time as March Madness.” It turns out that many people in dire financial straits wait until this time of year because they plan to use their tax refunds to hire an attorney to help them file bankruptcy. While acknowledging that some folks really can’t afford an attorney without a windfall (tax fund or otherwise), Terry feels that this is probably not a great reason in itself to file Chapter 7 bankruptcy and that, instead, it should be considered when someone is struggling badly and overwhelmed by debt. To put some numbers to this situation, Terry argues that if your debts—whether medical, credit card, or high-interest loans—are equal to or more than 50% of your annual income, or you can’t see any way of paying off all your debts within the next 5 years, or your debts are interfering with other parts of life like the need for a new car or to save for retirement, you should seek professional guidance from an accountant or attorney.
Parents Are Downsizing So Their Kids Can’t Move Back In
Selling A Home? Make Sure You’re Protected With This Quick Tip
Don’t Let Popular Mortgage Scams Fool You
Will Trump’s Tax Reform Hurt Or Help The Housing Market?
Get Ready! Interest Rates Are Moving Up From Here!
How To Recognize And Protect Yourself From The Latest Mortgage Scams
The “Right To Inspect” Clause Can Come Back To Bite You
Do First Time Home Buyers Pay Too Much?
Helping With A Down Payment? Make Sure You’re Protected
9 Lessons For Home Buyers, Sellers, And Realtors
Considering Diversifying Into Real Estate? Know The Risks First
Don’t Let The New Tax Law Keep You From Buying Your Next Home
Don’t Let Unfounded Fears Stop You From Buying A Home
Looking To Buy Or Sell Your Home? 2018 Might Just Be The Year To Do It!
Buying Your Next Home? Watch Out For Those Hidden Costs!!
Don’t Fall Victim To These Real Estate Scams
The Secret To Successfully Flipping Homes
The Surprising Ways Self Driving Cars Will Change Our World
Money-Saving Advice For First Time Home Buyers
How Much House Can Your Money Buy?
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast