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lawsuit: Class Action Lawsuit Settlement: Good News Or Bad For Your Taxes? - 06/02/10 01:08 PM
TaxMama Eva Rosenberg answers a question about class action lawsuit settlements on our Equifax Personal Finance Blog.
 
I recently received a question from Susan, who wanted to know if a settlement from a class action suit is taxable.Great question, but it's also very broad and open-ended. A number of examples came to mind.First, let's talk about the woman who won a substantial settlement, in the high six figures, from one of the aerospace companies operating out of Burbank, California.
Read Eva's advice on how to determine whether a settlement is taxable by following the link to the Equifax Personal … (0 comments)

lawsuit: Seller Disclosure Problems May Not Be Worth Time, Money & Effort to Fix - 08/27/09 11:56 AM
In most states, sellers are required to deliver a written disclosure to a buyer identifying all known major defects in a home. Some states have lengthy seller dislcosure forms for sellers to fill out while others may have a one page seller disclosure form.
Some states provide that if a buyer can prove that the seller lied on a seller disclosure form, the buyer not only can get damages from the seller to correct the item but can also recover any attorneys fees spent in going after the seller.
Seller disclosure cases often hinge on the buyer being able to prove … (0 comments)

lawsuit: Lawsuit May Be Only Way Out Of Real Estate Ownership Dispute With Family Member - 07/10/09 05:51 PM
Buying or owning real estate with family can be tricky. What can you do if when one family member stops contributing and won't agree to sell? If the co-owner won't ultimately agree to be removed from the title to a home on whose mortgage he's made no payments, it may be necessary to file a partition suit.
A reader of mine asked the following question:
Question: My 22-year old niece wants to sell a properly she jointly owns with her brother, who is 26. They inherited this property as a result of their parents' death. The property has gone through probate. … (0 comments)

lawsuit: Home Inspection Problems May Lead To Seller Disclosure Lawsuit - 02/28/09 01:39 PM
When you're buying a home you should have at least one home inspection that includes a look at the septic system. What's found during that home inspection depends on the caliber of the home inspector you hire.
If you discover problems with your septic system after the home inspection and after you've taken possession of the home, it may be a case of inadequate seller disclosure and you may be able to sue the seller for not telling you about the septic system problems.
It happened to one of my readers...
Question: Two years ago, I bought a home to remodel … (2 comments)

lawsuit: Did You Know A Homeowners Association Can Sue You For Dues? - 02/24/09 10:26 PM
When you live in a community with a homeowners association you have to pay dues.
If you don't pay your homeowners association dues, the HOA may start charging you fines in addition to the dues. If you fail to pay the dues and fines in a timely manner, the homeowners association can take you to court.
It happened to one Think Glink reader:
Question: Can a homeowners association require you to pay all of your late dues and fees within 30 days and then take you to court if you don't? Thanks for your time.
Answer: It's entirely possible that your … (6 comments)

 

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