Fix My Finances
Helping You Get “Back In The Black”

While the housing market and economy are gradually showing signs of improvement, there are still many people who are behind on their mortgage payments and unsure of how to proceed.  One option is a short sale. Short sales are when the owners sell the mortgaged property, with the banks approval, knowing that the house will likely [...]

Today nearly 1/3 of all homeowners owe more on their homes then the homes are worth.  If the homeowner can continue to make the mortgage payment and isn’t planning on moving anytime soon, that is not a problem.  However, if the homeowner needs to sell the home being underwater on the house can be a [...]

With so many people starting their own businesses now, it is essential that they get proper advice in setting up the companies to ensure that they don’t end up with issues later on in the life of the company. Many people like to form corporations because of the limited liability for shareholders.  Limited liability means [...]

Many people today are falling behind on their mortgages.  Thanks to legislation the Obama administration passed this year there is hope. First you need to assess why you are falling behind on your mortgage.  Did you or your spouse lose your job, did you have some unexpected medical expenses, were you or your spouse injured [...]

Florida was hit hard during the housing bubble.  Prices escalated like crazy.  Now they are falling like a rock.  I have been researching some potential rental purchases for a client and the asking price for the houses are currently $200,000 less than they sold for in 2005/2006.  That may seem like a lot, it may [...]

Many homes today are being sold in short sales.  Short sales are when the bank agrees to allow the homeowner to sell the house for less than the outstanding balance of the mortgage.  This can be a great option for banks as it saves them the cost of going through a foreclosure proceeding and if [...]

1. Who can contribute? IRAs are a great way to save towards retirement.  Taxpayers younger than 70 1/2 on December 31st are eligible to contribute to an IRA. 2. How much can I contribute? If you do not have a retirement plan with your employer, you can put $5,000 a year in an IRA ($6,000 [...]

There are many companies out there offering ways to reduce credit card debt.  While this sounds like a great idea, you need to get more details.  After all, if it sounds too good to be true, it probably is. What these companies are not likely to tell you is that they usually reduce your income [...]

Christmas is literally just around the corner and the market delivered more bad news today.  In November a record 533,000 people lost their jobs and 1 in 10 families is behind on their mortgage.  That doesn’t paint a very pretty picture of the economy or encourage must optimism in market forces.  Instead, many people are [...]