Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
I look forward to assisting you as soon as I have received this information. Thank you.
It is not a secured lender but a judgment creditor and the property is not in Florida -- in NY.
I hope this helps clarify the situation for you. Please remember to rate my service once you have all the information you need so I will be compensated for my time from the deposit you posted with this website. If you have any other questions, please ask me – I’ll be happy to respond. Thank you!
Is it $150k per person in bankruptcy? Does the $50 apply outside of bankruptcy and is that person?
Here is a link which summarizes the new amounts, but they apply to a single property and whether the property is owned by one or multiple persons would typically be irrelevant.
when your in the New York area is it 150,000 per individual which would total 300,000.00 for me and my wife or not?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).