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In this video I discuss why I believe it is perfectly moral to breach a contract under certain circumstances when dealing with particular types of contracting partners. I do not advocate breaching contracts where it is not moral to do so; however, Americans have a sense of fair play and integrity that makes them reluctant to breach even where doing so is perfectly fair (considering all the circumstances involved). To continue to be conditioned into not breaching in a world full of contract partners that consistently play by their OWN set of rules; is not good for the community. Note: I refer to ‘corporations’ as being the ‘evil-doers’ here; but of course I don’t mean to imply that every single corporation in the world is run without a moral compass. It’s obvious though that almost every major multinational corporation disregards Contract related ethics when dealing with relatively powerless individuals.
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realestatemarketingthisweek.com – Why a first time home buyer should work with a mortgage broker – Part 4 – You mentioned earlier that property values are up 71% long term, even though we had this 50% drop. Youre talking about the average 4% appreciation per year since 1992. Right, I did some calculations I was working on a book last year and one of these days I may get around to publishing it. Its called Real Estates Future and what we were looking at was a statistical model to be able to pick the top and the bottom of all the real estate markets. I hadnt looked at the thing for about a year until I was working with Michael the other day and I started pulling it out and going lets run the model and see where we are in regards to the market, and one of the things I looked at is the last time we saw the bottom of the market was when I was selling houses for the RTC and that was in 1992, the median home price was 000. Median home price now is 0000. That means from 1992 until now it went up 71%, thats after we just saw a 50% decline. So it is up 4% per year on average, and where else are you going to get a return like that? Even if you put 3.5% down on a house you are getting a heck of a lot more than a 4% return. If you look at the internal rate of return it is significantly greater. Right and dont buy a house because you are looking at a rate of return. If you are a first time home buyer and you can qualify for this program, if you have been living in an apartment …
Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. Go To RealEstateMarketingThisWeek.com Part 1 (Excerpt) Expert tax advice from a CPA regarding a real estate related issues Today’s show has a timely message. We have with us, an expert in the tax ramifications of the different types of mortgage situations that people find themselves in, we have brought in Mike Patenella, that I will introduce in just a moment, as well as Brett Fallon is back with us. Were going to be talking about the tax ramifications of short sales, foreclosures, and some of the different types of loan modifications. Now if you listen to our show regularly, of course you know, we have been over the last several weeks, talking about loan modifications, but we have been getting hundreds of e-mails and calls requesting more information on the loan modifications. There are also some interesting questions that people ask about whats going to happen in regard to taxes. Thats the one thing that so many people are not talking about. Well we need to talk about it. Its something that we need to bring to you that you can hear and thats what were going to focus the majority of today’s show on. Before I introduce Mike I need to introduce one of my very best friends and the best financial advisor I have ever known, Brett Fallon. Brett thanks for being on the show today. Brett also has some information in …
Starting up a business and becoming own boss is definitely a value adding idea. However, there is chance of missing it when your idea does not keep pace with your actual planning. For the success and implementation of business planning, external financial assistance facilitates most of your cash flow problems. Of course, it is very hard for everyone to remain prepared with the necessary fund all the time while money deficit could erupt at any point of time in a business operation. There are sudden emergencies while injection of additional capital that not only increase the profitability of the project but also facilitate its growth. For this reason, loans available in the UK financial market balance your business sheet in a reasonable shape. These external monetary provisions help you to break the crippling effect of any time cash crisis in running an enterprise with profit and growth. Lenders of the UK loan market make attempt to categorise commercial loans into secured and unsecured forms. The commercial loans rates vary according to the nature of the loan plans. Secured commercial loans are basically security-backed money provisions at borrower-friendly terms and conditions. You need to offer security in support of the loan. The security is generally the immovable assets as their value is constantly increasing. Borrowers of any credit situation(whether good or bad) can obtain fund anywhere from 3000 to 75000 for their business ventures if they pledge an immovable …
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Before you even think about buying a home, you should ask yourself two questions: “What’s my credit score?” and “How do I raise it?” Knowing your credit score will help you negotiate a good interest rate on your mortgage, and if you can raise your score, you’ll get a loan with a lower interest rate.
Before you even think about buying a home, you should ask yourself two questions: “What’s my credit score?” and “How do I raise it?” Knowing your credit score will help you negotiate a good interest rate on your mortgage, and if you can raise your score, you’ll get a loan with a lower interest rate.
Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. Go To RealEstateMarketingThisWeek.com Part 7 (Excerpt) Beware of grandiose claims when dealing with a loan modification firm. You know I am glad that were back, when we went to the break we were talking amongst ourselves about some of these concepts, I really want to bring this back down to the listeners. So they really understand what this means to them. You have three strategic partners, each of them experts in their field, sitting around these microphones in the studio talking about how these factors have an impact on the listening public, the people listening to this station right now. Velocity Financial is an expert in all things mortgage related. It represents the largest asset many people have in terms of their home. What were talking about is, we know the economic pain that exists, you probably read that Arizona has the dubious distinction according to the Case-Schiller index of having the highest property value declines in the country. People are feeling some pressure here and for those people who want to consider what a loan modification might do for them, should call you and talk about what that represents. Then from there, you can refer them to people like Mike Patenella to talk about the tax ramifications, Mike can speak to some of those items and I can talk about their overall financial planning …