In the wake of the 2008 financial crisis, countless Americans faced the grim reality of foreclosure. Yet, for some, the financial nightmare didn’t end with the loss of their homes. Years, even decades later, some find themselves haunted by “zombie” loans: old, supposedly settled debts that suddenly come back to life, demanding payment, sometimes through…
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A question often asked is, “If I sign a contract can I get out of it?” Essentially, as with most situations, the answer is “it depends.” While in many situations you might be locked in, sometimes you’re not. 7 Ways to Get Out of a Contract 1. The first way to get out of a…
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It is a question often misunderstood: Does a contract have to be in writing? The answer, most of the time, is no. But sometimes, yes. A contract, by its very nature, does not require a piece of paper. It requires (1) an offer, which can be made orally, (2) acceptance of that offer, (3) consideration,…
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