The bankruptcy code acknowledges the validity of the homestead exemption.

Written by John E. Roush


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Asrepparttar popularity of debtors' prison declined,repparttar 149131 concept of givingrepparttar 149132 debtor a fresh start became one ofrepparttar 149133 primary purposes ofrepparttar 149134 bankruptcy process. It is important to remember that a bankruptcy is a personal action which at time of discharge givesrepparttar 149135 petitioner (formerlyrepparttar 149136 debtor) a fresh start. The property owned byrepparttar 149137 petitioner does not getrepparttar 149138 fresh start,repparttar 149139 individual does.

The fact that bankruptcy is a personal action may shed some light onrepparttar 149140 effect of a homestead exemption in a bankruptcy proceeding. The bankruptcy code acknowledgesrepparttar 149141 validity of homestead exemption. A homestead exemption is a personal exemption which, in an effort to preserve a person's home, protects a certain amount of an individual's equity inrepparttar 149142 homestead property. State law determinesrepparttar 149143 extent and effect of a homestead exemption. Thus, if state law says that a person can declare a homestead up to $45,000 and if there is less than $45,000 equity inrepparttar 149144 property, that equity inrepparttar 149145 property is protected byrepparttar 149146 homestead exemption. This principal operates without regard torepparttar 149147 Federal Bankruptcy Code.

By John E. Roush, Broker-Owner Atrium Real Estate Investments. John is a full-time real estate agent specializing in real estate investment and real estate investment education. To contact John send all correspondence to Johnr@investorloft.com 2005 www.InvestorLoft.com


Investing In Real Estate Investors

Written by John E. Roush


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Even if you aren't interested in expanding your client database, at least consider protectingrepparttar turf you have for so long spent tireless amounts of time and financial resources to maintain their allegiance. Onrepparttar 149130 other hand if you are looking at your real estate career and are wondering how to reposition yourself for market growth certainly to go well into 2025, here are a few known facts about how real estate investors can improve your business. Real Estate Investors are literally everywhere. Successfully tapping into your current database could increase your annual commissions by 20-30%. Real Estate Investors will be loyal torepparttar 149131 professional that helps fillrepparttar 149132 gap of their investment education. Workshops, mentoring groups, findingrepparttar 149133 "golden deals" in your market makes a huge impact! Investing in Real Estate Investors doesn't have to mean that you lose your "typical" residential realtor position. Being a real estate investment specialist means you are smarter thanrepparttar 149134 average realtor inrepparttar 149135 market. Mortgage professionals are struggling to provide real estate investors with property deals, so when you can place an investor into a good dealrepparttar 149136 referrals will begin to flow even more. Real Estate Investors tend to be more conscientious about your personal time away. Investors also like to shop Monday-Friday for their deals beforerepparttar 149137 "Weekend Warrior" investors get out intorepparttar 149138 competition. This translates into more normal hours and days of operation for you and your business. Real Estate Investors buy-sell cycles are shorter than primary home purchasers resulting in more transactions in shorter time-frames. If any of these points are encouraging you to seek new opportunities in your business then make sure to sign up forrepparttar 149139 monthly "Grow your Real Estate Investment business" e-mail newsletter from InvestorLoft.com additionally, other excellent tools to improve and expand your real estate business can be explored atrepparttar 149140 InvestorLoft's educational Shoppe.

John E. Roush, Broker-Owner Atrium Real Estate Investments. John is a full-time real estate agent specializing in real estate investment and real estate investment education. To contact John send all correspondence to Johnr@investorloft.com 2005 InvestorLoft.com


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