By: Antonio Vega-Pacheco Real Estate Views: 3248 | Comments: 0 | Votes: 0
According to the National Association of Realtors (NAR) only 9% of all existing loans are Sub-Prime. Other sources estimate that within 18 months, up to 40% off homes in the market will be foreclosed properties or REO’s (Real Estate Owned by bank). Of course, all this numbers are educated projections and the accuracy will probably rest somewhere in between. More
By: Alan D. Fisher Real Estate Views: 3240 | Comments: 0 | Votes: 0
The benefit of seller financing Many home owners dread being involved in a situation where a property they've listed for sale has been sitting unsold for too long. The basic reason is usually the same - the asking price is too high for the market conditions. In these situations, the seller is forced to lower their price in hopes of making the property more attractive to buyers. More
By: Zubin JB Investments Views: 3231 | Comments: 0 | Votes: 0
Who was asleep at the switch that keeps the lights on in the global economy? Who was steering this financial Titanic when the looming iceberg was barely a speck on the horizon? Will the real perpetrators please stand up?Alas, for many people looking to lay blame, the answer is close at hand. Go look into a mirror and stare really hard at the cause of this monetary destruction. More
By: Ruth Campbell Estate Planning Views: 3220 | Comments: 0 | Votes: 0
All that is basically required is to draw up a trust directing how the assets (usually property) will be managed.Many people who have large property packages that are being rented out for income assign these properties to a living trust, and enjoy the rental income as long as they are alive. In other words they can be changed and revalued. More
By: Frugal World Tax Planning Views: 3204 | Comments: 0 | Votes: 0
New figures reveal that RALs drained about $960 million in loan fees, plus over $100 million in other fees, from the wallets of nearly 9.6 million American taxpayers in 2005.“Taxpayers can save themselves over a billion dollars by just saying ‘no’ to quick tax refund loans,” says NCLC staff attorney Chi Chi Wu. For that year alone, about 1 in 13 tax returns involved a RAL. More
By: Peter Suhai Personal Finance Views: 3179 | Comments: 1 | Votes: 0
Wealth Building Tips: Develop a budget and stick to it. Save money so you're prepared for unforeseen circumstances. You should have at least three to six months of living expenses stashed in your rainy day savings account. Pay off credit card balances monthly. More
By: Robert W. Ditmer Tax Planning Views: 3170 | Comments: 0 | Votes: 0
In the case of some fringe benefits that are offered to or given to employees, certain benefits can be excluded from an employee’s income because the expenses would normally be deductible on an individual’s personal income tax return. A moving or relocation expense is one such benefit. What moving expenses are deductible? How should moving expenses be reported? More
By: Amanda Gleason Personal Finance Views: 3169 | Comments: 0 | Votes: 0
The American home is much different today that it was 50 years ago. Sure, I wasn't around then, so I don't know for certain, but from what I've heard from my parents and grandparents, families lived differently. One major change, that came into many American homes around that time, was the introduction of the home television. It wakes you up in the morning, it puts you to bed at night. More
By: Art Of Saving Estate Planning Views: 3164 | Comments: 0 | Votes: 0
Do you own a highly appreciated asset that produces little or no income? Are you selling your business? Are you highly compensated and looking to shelter more of your income? Here is an example that applies to anyone contemplating selling a highly appreciated asset.In the Path of ProgressClarence and Mildred had a farm that has been in the family since 1930. Mary is frugal. More
By: Daniel Stoica Tax Planning Views: 3162 | Comments: 0 | Votes: 0
IRS has launched an Issue Management Team focused on improving U.S. income reporting and tax payment compliance by foreign athletes and entertainers who work in the United States. The initial focus is on those engaged in tennis, golf and music. These individuals and those associated with arranging their appearances in the U.S. They are required to file a U.S. More
