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Read|Delete 7.12.13
Picking the Best Fruit Most Private Equity executives agree that the ideal target is not a train wreck but a firm with just a few areas that need improvement. Sometimes a firm has grown too big and complex for the founder to manage alone. The company may need financing, help in streamlining systems and operations…
Do Not Start Reclassifying Your Loan Officers
Do Not Start Reclassifying Your Loan Officers – July 5, 2013
Compensation and Compliance Matters Archive: January – June 2013
CFPB Proposal Draws Line between Tellers and LOs – June 28, 2013 Deloitte Incident Highlights Compliance Risk for Lenders – June 21, 2013 Simplifying the 3% Points and Fees Rule – June 14, 2013 CFPB Officially Mandates Compliance Infrastructure – June 7, 2013 QM Cap Discourages a Form of Broker Comp – May 31, 2013 The CFPB Will…
Is homeowner liable for assessments after Chapter 7 bankruptcy and abandonment of home?
My colleagues at the Raleigh firm of Jordan Price Wall Gray Jones & Carlton, well-known for their HOA expertise, published an article on a case they handled involving a common bankruptcy issue: when a homeowner files Chapter 7 and moves out of the home, indicating in their bankruptcy petition that they are surrendering the home back to…
HOAs must allow members to see financial records
Q: I live in a new community where the developer manages the homeowners’ association (HOA). While we pay monthly HOA dues, we have never seen any financial statements. Do we as homeowners have the right to see a balance sheet and income statement showing how our HOA assessments are being spent? A: If your community…
The Weekly Scenario from Steve Shane – 7.8.13
Question: Who should I select as Trustee of my trust? Answer: In selecting a Trustee, you have a number of options. Of course it goes without saying that the first question to ask is always what is the objective of the trust as this will determine the direction that is taken, Trustee or otherwise. A…
Friday Factoid – 7.5.13
On May 3, 2013, the Pulitzer Prize-winning author of To Kill A Mockingbird, Harper Lee, sued her literary agent, claiming he tricked her into assigning the copyright on her book to him. Source: http://in.reuters.com/article/2013/05/03/entertainment-us-usa-mockingbird-lawsuit-idINBRE94210Z20130503
The Weekly Scenario from Steve Shane – 7.8.13
Question: Who should I select as Trustee of my trust? Answer: In selecting a Trustee, you have a number of options. Of course it goes without saying that the first question to ask is always what is the objective of the trust as this will determine the direction that is taken, Trustee or otherwise. A…
The Weekly Scenario from Steve Shane – 7.8.13
Question: Who should I select as Trustee of my trust? Answer: In selecting a Trustee, you have a number of options. Of course it goes without saying that the first question to ask is always what is the objective of the trust as this will determine the direction that is taken, Trustee or otherwise. A…