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Truly, it is a simple document that no one has ever been confused about the finer points of. The implications for bankruptcy proceedings, estate law, injury li
by zorpner 8y ago
Truly, it is a simple document that no one has ever been confused about the finer points of. The implications for bankruptcy proceedings, estate law, injury liability, and chain of title are all so straightforward that everyone knows them and no one ever needs a lawyer.
- scarface74 8y agoI think most people realize that your home loan is secured by your home. Despite what the lawyers say, bankruptcy won’t usually protect a secured asset. I remember one of the most explicitly explain parts of the home was the title. “Injury liability”? You are required to have homeowners insurance and if it’s not good enough to satisfy the loan, they will make sure you know it. While pre-2008, I had loans without an escrow that paid the insurance. They are a lot stricter about it now.