The bankruptcy code acknowledges the validity of the homestead exemption.

Written by John E. Roush

Many timesrepparttar subject of bankruptcy seems baffling in its complexity. Actuallyrepparttar 149131 basic principals of bankruptcy are fairly simple even thoughrepparttar 149132 federal statuses on bankruptcy are extensive. The reason thatrepparttar 149133 statutes are so complex is because in as effort at social engineering,repparttar 149134 lawmakers want to cover every possible contingency. The very complexity ofrepparttar 149135 Bankruptcy Code givesrepparttar 149136 lawyers ample opportunity to try to obtain interpretation ofrepparttar 149137 law which best serves their clients interest. This results in extensive litigation and occasionally in interpretations ofrepparttar 149138 Code which were not what legislature intended. This on turn results in additional legislation, which results in additional litigation and on and on. Nevertheless,repparttar 149139 underlying principals are not as complex asrepparttar 149140 Code makes them seem. Here we will discussrepparttar 149141 personal nature of bankruptcy.

The concept of bankruptcy is an old one inrepparttar 149142 English common law. If a person could not pay his debts, his creditors hauled him into court, took all of his assets, and used those assets to satisfy their debts. Ifrepparttar 149143 assets were insufficient to satisfyrepparttar 149144 debts,repparttar 149145 debtor was taken fromrepparttar 149146 bankruptcy court to debtors' prison. Since this is a rather extreme remedy, Article 1 Section 8 ofrepparttar 149147 U.S. Constitution givesrepparttar 149148 Congressrepparttar 149149 right to establish "?.uniform Laws onrepparttar 149150 subject of Bankruptcies throughoutrepparttar 149151 United States."

Investing In Real Estate Investors

Written by John E. Roush

Withrepparttar never-ending changes in our Real Estate Markets real estate professionals are starting to pay attention torepparttar 149130 sound of new commission streams of income. Some realtors have either shied away or ran-away from such terms as "Cap Rate," & "Cash-on-Cash Returns." Terms that onlyrepparttar 149131 'savvy' and 'numbers-oriented people use to determine if a Real Estate purchase is a "Good Deal", or not. A majority ofrepparttar 149132 realtor brethren attended real estate school because they are excited and passionate aboutrepparttar 149133 promise of selling real estate and making a fantastic living. That being said "Times are a Changing." Even if you live in a Hot Market where residential real estate sells in 2-3 days there is an old approach to real estate that is growing faster byrepparttar 149134 day?..Residential Real Estate Investors.

This deft group of real estate investors is taking real estate andrepparttar 149135 real estate investment world into a new era! No longer acceptingrepparttar 149136 wild volatility ofrepparttar 149137 Dow Jones and NASDAQ families, and unwilling to acceptrepparttar 149138 investment practices of their fore-fathers, these Investors throw caution torepparttar 149139 wind for returns aboverepparttar 149140 traditional 5-6% in their Roth or IRA accounts. These Investors are bold and oftentimes aggressive. Today's Real Estate Investors are all aboutrepparttar 149141 fast fix-n-flip, high appreciation, and rock solid monthly cash-flows. Cutting their teeth on investment in their own home-towns is onlyrepparttar 149142 beginning asrepparttar 149143 Serious Investors turn to points outside their own back-yards to other regions that demonstrate greater promise and higher returns.

You may say well how doesrepparttar 149144 older adult view these investment opportunities? For startersrepparttar 149145 age of these stealth hunters ranges from 28 to 68. From "Rich Dad-Poor Dad" book series to Trump's magical presence on "The Apprentice,"repparttar 149146 young real estate entrepreneurs are making their dreams happen torepparttar 149147 tune of 3-5 acquisitions a year! Got your attention now? The typical Investor has good to great credit scores, excellent cash reserves or hidden resources of partners with cash, and a willingness to makerepparttar 149148 deal happen at nearly any cost. The best kept secret of all is that these investing beasts travel in packs. Where you see one, another is very close behind. In other words they knowrepparttar 149149 people that you need to know to grow your investor database even larger. Ifrepparttar 149150 real estate professional does a good jobrepparttar 149151 happy clients are likely to refer many of their fellow-investors. Not just investor clients but their regular every-day real estate business. Face it, if you can demonstrate to your clients how adept you are with their investment portfolio, then wouldn't you suppose they would carryover this trust in looking to you in buying a basic home, condo or beach house?

So what if you haven't been focused inrepparttar 149152 real estate investment sector, and you are thinking this all sounds pretty good, let's give it a try. First question to ask yourself is who have your clients been working with or exploring their options of real estate investing with overrepparttar 149153 past 3-4 months. Statistically 6 out of 10 clients have considered investing in real estate or have already begun doing so before their realtor even has a chance to blink an eye. Got your attention now? How aboutrepparttar 149154 fact that in less than one year I increased my annual commissions by 30% by just positioning myself within my primary data-base of clients. All I did was let them know that I was ready, willing and able to begin assisting them with their "Investment Realty" needs. What I learned duringrepparttar 149155 first year was that if I could create an environment for my clients to learn more about real estate investing that they would thank me in a variety of ways?most importantly they would call me before writing a contract and would make sure that I was involved in every contract where they wanted to make a real estate purchase. Before long 30% went up to 45% and further.

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