| Volume 55 Number 5 |
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The People’s Lawyer’s Tip of the Day
Shakespeare said, "Neither a borrower, nor a lender be." He could have added, or a co-signer, surety or guarantor. Whenever you co-sign for someone, you must pay if they do not. If they stop paying or file bankruptcy, you must pay. Don't ever co-sign for someone unless you will be able to pay. Click here for more.
Where to Rent v. Where to Buy
You've probably heard someone say "it is a great time to buy a home." Although this is true in many cities, it isn't true in all of them. You're likely better off renting in New York and Seattle. Top cities to buy include Arlington, Miami, and Phoenix. According to Trulia, if the home price is more than 15 times higher than the annual rent, you're better off renting. Are you better off renting or buying? Click here for more.
Foreclosure Freeze Shakes Housing Market
The United States housing market is in the dumps. With a growing number of states freezing foreclosures, the housing market is set for a shakeup. Although experts suggest the freezes may result in short term price increases, the foreclosure situation may lead to longer instability. Bank of America has expanded its foreclosure freeze to all fifty states. Texas Attorney General Greg Abbott has asked other banks to freeze foreclosures as well. How will the housing market shake out over the next few months? Click here for more.
Your Money
Are you better off renting? Click here for more.
For the Lawyers
Credit card customers may maintain class action under FACTA. The Ninth Circuit held that card customers may be entitled to class certification on a claim that a theater chain violated federal law by wrongfully printing a portion of their account numbers on receipts. Click here for more.