| Volume 13 Number 11 |
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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.
Before Shifting into Reverse Mortgage, Consider Drawbacks
If you're still watching your favorite nature programs on a 25-year-old RCA console, perhaps you've considered buying one of those snazzy high-definition TVs that let you count the hairs on a hyena's back. You've heard that prices on high-def sets have tumbled. But should you buy now, or put up with blurry buffalos a bit longer, in hopes that prices will fall even more? Homeowners who are considering a reverse mortgage face a similar dilemma. In recent months, lenders have slashed closing costs and fees and added new features for reverse mortgages, a trend that's expected to continue as more lenders battle for business. Click here for more.
Top 10 Ways to Start Living the Frugal Life
Ready to give the frugal life a shot? Here are ten simple ways to get started. Click here for more.
State Farm Settles Class Action Lawsuit
State Farm Insurance Co. will pay almost $6.8 million to settle a class-action lawsuit by Florida policyholders who said the insurer unfairly depreciated claims for screen enclosures damaged in Hurricanes Katrina and Wilma, according to court records. Click here for more.
Your Money
How much should I put down for a new home? Click here for more.
For the Lawyers
Economic loss rule does not have to be raised as an affirmative defense. The Texas Supreme Court ahs noted that the economic loss rule is not an affirmative defense, but held that no evidence objections and motions for judgment n.o.v., without more, did not preserve error as to the economic loss rule. Click here for more.