Advice
Home Loan For Couple Living In Relationship
Harsh Roongta, CEO of http://www.apnapaisa.com guiding couples living in relationship for home loan eligibility
Duration : 0:5:4
Tax on Short Sale, Loan Modification and Foreclosure – Recourse vs Non-Recourse Mortgages
http://realestatemarketingthisweek.com – Arizona is not a recourse state, so chances are you will not owe 1099 C Income –
Part 6 – In Arizona, typically its not a recourse state, so if they are telling you that theyre going to garnish your wages because you didnt pay back your entire mortgage, there is a local bank ,that was threatening a very good colleague of ours about a small second mortgage that person had taken out. Threatening to send it to collections and garnish her wages. It simply isn’t going to happen.
But nevertheless, there is still the tax implications that apply, if you need to navigate through this maze. There is a lot to it, you need to protect yourself. You talked about bankruptcy is one of those exclusions, right? One of the problems with bankruptcy is people dont understand the bankruptcy laws. They are so tight now and your feet are really held to the fire from the federal government right now. It’s not like you just didn’t make your mortgage payment, so you go file bankruptcy, it’s just not realistic. Assuming bankruptcy is the last resort option for everybody. And we certainly want to avoid that, it would not be sound financial advice from any credible source that I can think of.
Let’s walk through a case scenario, somebody who is listening to this broadcast, their head is spinning right now, they’re thinking, oh my gosh. I should have known about the tax implications, a short sale versus loan modification. Let’s start at the top and work through a quick scenario. And then we’ll point out the specifics of what they should be considering right now.
For example, we talk about this all the time and to your credit Michael Barnes and to Velocity Financials credit, you were early in bringing out the loan modification for people who were in a distress situation regarding a mortgage, maintaining or keeping up with the mortgage payment. So you started going down the path where the refinance started to become a much more difficult option, with new constraints and all the other factors that led to part of this economic crisis, a loan modification has become a buzz topic today. Driving to the station today, driving down Camelback Road, I see a sign on the corner. You know, one of those stick in the ground, homemade jobs, that says don’t refi a Loan, modify, with some success rate and the phone number.
Hang on there I want you to say the success rate. The sign literally said, 99% success rate, and it goes back to the point that you made when they say that they can reduce your mortgage principal by tens of thousands, hundreds of thousands of dollars, thats the absolute last resort for any lending institution. Thats not what this is about, so let’s start with that, then we will work on the tax ramifications of how that might work in the overall financial strategy.
I am familiar with the loan modification industry here in Arizona. There is no regulation, unfortunately. We at Velocity Financial work with a national network of attorneys, so if you’re the guy in El Centro California, or youre in Phoenix, or youre in Alaska it doesn’t matter where you’re at. We have someone who is an expert in that field in that state because the laws are different. But without the regulations some person with the ugly yellow sign on the side of the road says he has a 99% success rate, I don’t believe him it’s probably not using an attorney, who knows, dont buy into that garbage. Were going to tell you the truth, if we cant do a loan modification, we will tell you that we cant do it. And if a loan modification is not the best thing for you, you can find the some of these other options… http://realestatemarketingthisweek.com
Duration : 0:5:19
Economic Poison: Advice from Credit Card Companies and Kiplinger
Get cutting edge information at http://www.FutureMoneyTrends.com
Please take the time to rate this video.
The scammers are trying to scare you into using a credit card
http://www.kiplinger.com/magazine/archives/2009/11/debit-card.html
Joan GoldWasser
jgoldwasser@kiplinger.com
Questions for Joan:
What happens if Im late when I use my credit card?
What if I spend more than I can pay off?
If I pay for things with the money I have, do I still get to have the banks financially rape me with interest and fees?
Dollar
http://www.breitbart.com/article.php?id=CNG.ee8e6856c300b312ea0f64a4522381ca.481&show_article=1
The dollar is being dumped right in front of our eyes
http://bloomberg.com/apps/news?pid=20601087&sid=aA6_py_71g_o
Fundamentals for our economy are getting even worse
http://www.usatoday.com/money/economy/2009-10-11-consumer-spending_N.htm
The truth
http://globaleconomicanalysis.blogspot.com/2009/10/precipitous-drop-in-state-tax.html
youtube.com/user/Victoryindependence
Stocks
Silver
youtube.com/user/stellaconcepts
Economic data and let off some steam 
youtube.com/user/walstreetpro2
Economic updates
youtube.com/user/Kittenkattan
Economic updates
youtube.com/user/davincij15
Raw News that the media wont touch
youtube.com/user/inflationus
Economic updates
youtube.com/user/DEMCAD
macro-economic updates (INFLATION)
youtube.com/user/jberni1
Duration : 0:5:44
Surviving Student Loans and College Debt
By carefully choosing student loans, grants, and scholarships as part of your entire college financial aid package, you can avoid going into heavy college debt. Kimberly Palmer, senior editor for U.S. News, discusses financial aid tips to help in paying for college and minimizing student debt and the differences between private loans and federal college loans.
For more college financial aid advice go to http://www.usnews.com/articles/business/paying-for-college/2008/04/09/look-twice-at-loan-advice.html
Duration : 0:1:41
20 Year Olds Dealing With Debt
Many young professionals in their twenties are dealing with debt from credit cards and unpaid student loans. Managing personal finances can be difficult when you must handle expenses like insurance, business clothes, transportation, car payments, and more while still trying to have savings to meet your long-term goals such as buying a house or planning for retirement.
For more personal finance tips, please visit http://www.usnews.com/articles/business/your-money/2008/04/16/investing-guide-for-20-somethings.html
Duration : 0:2:40
Why Americans are paying ILLEGAL interest rates
Had Enough? Join http://www.Debt-University.com and learn the best way for YOU to get out of debt.
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http://www.Debt-Professor.com
Find out why most Americans are paying illegal interest rates on their credit cards.
If you want FREE help with credit card debt, take the Free Debt Exam at:http://www.FreedebtExam.com
Duration : 0:5:42
Warren Buffett Gives Advice to Girl Scouts at Dairy Queen
Youngsters wanting to make blizzards of money got valuable advice from financier Warren Buffett who was visiting his local Dairy Queen for the launch of the new Girl Scouts Thin Mint Blizzard.
Surrounded by a group of Girl Scouts in his hometown of Omaha, Buffett offered this tip for college students: “The biggest suggestion I have is to avoid credit cards. Interest rates are very high on credit cards. Sometimes they are 18 percent. Sometimes they are 20 percent. If I borrowed money at 18 or 20 percent, I’d be broke. . . . So if I had one piece of advice for young people generally it would be to just avoid credit cards,” he said.
And what advice does Buffett have for a new investor? “I would do a lot of reading before I invested,” he replied. “In other words I would prepare for it. I wouldn’t jump in the water until I know how to swim. . . .I read every book the Omaha Public Library had about investing by the time I was 11.”
On qualities Buffett looks for in employees? “The biggest thing I look for is if they have a passion for whatever they are going to do,” he said.
Duration : 0:5:42
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