A 22-year-old woman who was in Florida for an internship at a famous entertainment firm located in this state suffered severe spinal cord injuries in a recent car accident.
Foreclosure is the technical term for the process of a lender reclaiming the collateral in a mortgage. Your home is the collateral for a mortgage instrument, which means that the lender takes steps to become the official owner of your home. That means you lose your place to live and the equity you have built in the property over the years.
Although by many indications the economy is still booming, there are some signs that trouble is brewing in Florida's real estate market.
Businesses of all shapes and sizes are run largely by a series of legally binding agreements, or contracts. Any given South Florida business likely has a number of contracts with other firms, including suppliers, creditors and business partners and affiliates.
A recent study by American Automobile Association confirmed what previous studies have suggested about teen drivers, which is that their presence tends to increase the risk of car accidents.
Running a business in Florida means balancing a lot of different considerations. You have to make decisions, keep records and plan for the future. Having enforceable and strong contracts is an important concern for any business that often gets overlooked until a company runs into trouble. You may not stop to consider your contracts until someone breaks one and leaves you in a bad situation.