Sultana Blog

Ways to Stop Wage Garnishment

wage garnishmentIf you are unable to pay your monthly bills because your wages are being garnished before you even get your paycheck, there may be solutions. Florida law limits the amount creditors can seize or “garnish” from your paycheck to repay your debts. It is important to know your rights, and to understand the limits on wage garnishment in Florida. First, what is wage garnishment? Wage garnishment, which also can be called “wage attachment,” is an order from the court or a government agency which directs your employer to withhold money from your paycheck and send it directly to a particular creditor. Generally, for a creditor to obtain this order, the creditor must have sued you and obtained a judgment against you. There are exceptions, however. Certain creditors can garnish your wages as a matter of law. These include: Internal Revenue Service for unpaid income taxes; State for court-ordered child

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3 Actions to Take if You Are Facing Foreclosure

foreclosed homeCurrently, there are more than 18,500 properties in Orlando in some stage of foreclosure, according to RealtyTrac. This equates to about 1 in every 500 homes just in Orlando alone, not including the surrounding metropolitan area. While many parts of the country seem to be recovering from the real estate crisis, Florida still has a ways to go. If you are a homeowner struggling to make your mortgage payments due to unemployment, underemployment or other financial issues, it is important for you to know you are not alone and there are resources available to help you. If you are facing foreclosure, here are three action items you can take today to help yourself: Be proactive. This is not one of those problems you can ignore in hopes that it will resolve itself. If the lender mails information to you, open it and read it. Do not let

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Benefits of Land Trusts for the Florida Real Estate Investor

florida land trustIf you are a real estate investor interested in purchasing real estate in Florida, you may wish to consider the benefits of a land trust. A land trust is established by an express written agreement in which authority is conveyed to a trustee (may be a person or entity) to hold legal and equitable title to property on behalf of a beneficiary. A trustee may be the beneficiary of the land trust for which the trustee serves as the trustee. The land trust can offer many benefits to the real estate investor; however, it is important to understand the nuances of a land trust before you decide whether or not it is right for you. An experienced real estate attorney can help you understand the pros and cons of land trusts, including whether you should serve as your own trustee, how to maximize asset protection, and

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