Asset Protection: California Community Property/Liability for Judgments - Part 2
3. California Law – Community Property
If assets constitute community property, it is usually irrelevant that the assets are titled in the name of one spouse. The creditor can attach all of the community property, even if only one spouse is the debtor. This may hold true even if the debt arose prior to the marriage. […]
Asset Protection: California Community Property/Liability for Judgments - Part 1
1. California Statutory Collection Laws
CCP Section 695.010(a) provides that all property owned by the debtor, subject to certain exceptions, is subject to enforcement of a judgment. Community property owned by a debtor’s spouse is included within the “all property owned by the debtor.” (CCP Section 695.020(b))Additional costs and interest may be added to the judgment. […]
Reports Suggest Broader Losses From Mortgages
Reports Suggest Broader Losses From Mortgages
“Merrill Lunch said yesterday that it would take a charge for mortgage-related securities on its books that is $3 billion more than the $5 billion it expected just two weeks ago. And a report from the National Association of Realtors showed that sales of existing homes in September fell […]
California Homes Are Overvalued by as Much as 40%, Goldman Says
Californian homes are overvalued by as much as 40 percent and stricter lending standards will probably contribute to “material” price declines, according to analysts at Goldman Sachs.
Click below for complete article
California Homes Are Overvalued by as Much as 40%, Goldman Says
IRS Looks at Mortgage Securities
The Internal Revenue Service is checking out dozens of participants in a financial arrangement to see if they are reaping illegal tax benefits by underreporting income on mortgage-backed securities, which make up the bulk of the multitrillion-dollar market for asset-backed securities. The inquiry, which an I.R.S. official said yesterday was in its early stages, concerns […]
Stuck in a Housing Glut
Rising foreclosures, personal guarantees on real estate and sinking home sales mandate those who own real estate to consider asset protection.“Reality Trac reported last week that Riverside County led the state in foreclosure activity with one in every 330 households affected. Neighborhoods that just one year ago were flourishing are today blighted with house after […]
Frivolous Lawsuits - Why Are They So Prevalent?
Asset Protection is the concept of protecting and preserving one’s assets from frivolous lawsuits designed to primarily destroy your current and future lifestyle. Let me put it another way, up to now, you’ve probably worked very hard to get where you are. But my guess is that you’ve worked too hard, endured too much stress […]
-
Subscribe via RSS
