Short Sales – What you need to know about mortgage debt forgiveness.
- Comments Off
With the value of properties dropping over the last couple of years many people have been forced to sell their homes for less than they owe on the property. When this happens, the bank can require that the people who owe the mortgage still owe the outstanding balance or it can forgive the outstanding amount, [...]
Gambling Gets Expensive
- Comments Off
The Internal Revenue Service issued a decision this week that casual gamblers recognize wins or losses when they redeem their tokens. This means that if you go gambling for the weekend and have a win on the first day and then lose money on the second day, each time you cash in your tokens is [...]
Multi-family Investments – Great options for this economy
- Comments Off
Yes it is difficult to get a mortgage right now. Banks are loaning money but they want more downpayments and they are taking more precautions to protect their investments. As such, I would recommend that couples looking to purchase a home consider a multi-family. Multi-families are great because it allows the couple to purchase a [...]
Using a reverse mortgage to supplement income
- Comments Off
As IRAs, 401ks and other retirement accounts have lost value due to the financial decline of the recent years, many seniors have lost a chunk of their retirement income. Thus, their accounts and assets are worth less but their living expenses have not decreased. This is a problem. Many retirees spend the winter in Florida [...]
What You Need to Know Before Starting a Business
- Comments Off
Many people who have been laid off due to the poor economy have decided to take this as an opportunity to follow their dreams and start their own business. While most Americans might not realize it, America runs on small business. Yes, we have the big boys like Wal-Mart, Ford, Bank of America and many [...]
Using A Budget to Fix Finances
- Comments Off
Setting a budget for your family is a strategy to fix your finances. I know we all grumble about how there is not enough money coming in to actually budget, especially if you are on a fixed income. I have definitely been there. It is hard when you are living from paycheck to paycheck and [...]