Originally posted 2009-12-08 05:00:03. Republished by Blog Post Promoter
If you purchased your home using a HUD/FHA insured mortgage, you may be able to get a refund on part of the insurance premium.
To qualify for the refund, you must have purchased your home after September 1, 1983.Â You can not be in default on your mortgage.Â You also must have paid on that mortgage for seven years.
You can search HUD’s website at http://www.hud.gov/refunds/index.cfm your name or case number to find out if you are due a refund or write:
Post Office Box 23699
Washington, DC 20026
The IRS requires that the owner files the claim as part of his or her business credit.Â Â There are, however, special requires for the owner to qualify.Â The owner must completed Form 8609, and itÂ must be filed with the ownerâ€™s Federal income tax return. Â In addition, the owner must file the Form 8609 for each of the 15 taxable years of the compliance period.Â Â If the owner fails to file the proper formsÂ the compensation received will be treated as a mathematical or clerical error.Â Therefore, if you feel that you qualify please review the rules for Form 8609.Â Once you have reviewed and complied with the requires of Form 8609 then file it as required.
Still yet, did you know that you can get a ten percent credit from the IRS for fixing up building buildings built before 1936?Â You will need to meet the requires listed on Form 3468.
If you are adventurous, then why not fix up a historic building for a twenty percent credit.Â Once again, you will use Form 3468.
If you are US citizen looking forward to buy or construct a house or invest in property and real estate business,Â the US Government is a source to give your dreams a reality. Investment in the real estate includes offices, hotels, land, …
3. Up to $275000 in grant money to enter the real estate market. While many eyes are focused on the negative aspects of the current recession, the Obama government is ready to spend $1 trillion in the next year in government grants for …
<a href=”http://cheapflatslondon.com/investing-in-real-estate-with-government-grants”>Investing in Real Estate With Government Grants</a><p>Not all people interested in real estate know that there are grants for real estate especially from the state and federal government. Billions of dollars are available as grants and there are many ways to put this money in to good use. …</p><a href=”http://www.docstoc.com/docs/1024408/Government-Grants”>Government Grants</a><p>Elderly and More Free Money for Housing and Real Estate Ventures Additional Sources for Money to Fix Up Your Home Foundation Grants For Foreign Individuals Other Small Business Administration Offices Most Frequently Asked Questions …</p>
<a href=”http://www.realestaterama.com/2009/11/19/home-headquarters-receives-100000-grant-from-neighborworks-america-to-help-strengthen-auburn-and-binghamton-communities-ID06270.html”>Home Headquarters Receives $100000 Grant from NeighborWorks …</a><p>Washington, DC – November 19, 2009 – (RealEstateRama) â€” NeighborWorks America today announced that it awarded a special $100000 grant to Syracuse-based.</p>
<a href=”http://newyork.realestaterama.com/2009/11/19/home-headquarters-receives-100000-grant-from-neighborworks-america-to-help-strengthen-auburn-and-binghamton-communities-ID0916.html”>Home Headquarters Receives $100000 Grant from NeighborWorks …</a><p>Washington, DC – November 16, 2009 – (RealEstateRama) â€” NeighborWorks America today announced that it awarded a special $100000 grant to Syracuse-based Home HeadQuarters, Inc.,Â a member of the national NeighborWorks network, …</p><a href=”http://www.erierealestateblogs.com/my_weblog/2009/10/grant-to-remove-lead-paint-from-homes.html”>Grant to remove lead paint from homes – Erie Real Estate</a><p>More than 200 property owners in Erie County will benefit from a new $4 million federal grant to control the hazards of lead paint in homes. It’s being run by the city of Erie — but the offer is open…</p>
<a href=”http://pennsylvania.realestaterama.com/2009/11/24/congressman-fattah-awards-844000-in-affordable-housing-grants-gaudenzia-newcourtland-new-directions-for-women-and-pec-receive-funding-ID0294.html”>Congressman Fattah Awards $844000 in Affordable Housing Grants …</a><p>Philadelphia, PA – November 24, 2009 – (RealEstateRama) â€” Congressman Chaka Fattah (PA-02) today announced the awarding of $844176 in grants from the Federal Home Loan Bank of Pittsburgh (FHLBank) to four new affordable housing projects …</p>
Originally posted 2011-09-15 14:54:48. Republished by Blog Post Promoter
I am always searching for information that I feel is benefical to everyone. The information I found has to do with the student loans. There is a petition that has become viral across the web about forgiving student loans. Check it out
- Important Info for Student Loan Borrowers (education.com)
- Three Ideas for Paying Off Student Loans (couponshoebox.com)
- Look Before You Leap: Student Loan Shopping Tips (education.com)
Originally posted 2011-09-25 05:00:08. Republished by Blog Post Promoter
Why should You Use Technical Indicators in the Stock Market?
For someone who is new in the trading business, it is always a good start to take time to do some research in line with the useful technical indicators. So much more, even the pros still have the same degree of need for them. What they typically do often is that of surfing the Internet for blogs and articles that feature the discussion of the gurus regarding why they believe that their personal choice of indicators are so far the best. While there is no rule saying that you should not believe them, it is always implied that there are times when the presented indicators are often conflicting. To make things worse, people who simply adopt the exact plans of the Internet guys don’t actually succeed.
The Clear Indication
Now here is the catch. The people who call themselves technical indicator gurus are convinced that their businesses work basically because they have already formulated their specific goals and working your way towards success in this line of trade is all about having your personal definite plan. Yes, all that you must do is to pull things together and execute your wisest judgment. You have to be responsible for every single course of action that you take.
The Importance of Technical Indicators
Why is it important to utilize the so-called stock market technical indicators? Can they really help you out as you find your chance in the stock market? Don’t worry because they can definitely do some of the hard work for you. Most of the known technical indicators are able to spot the precise entry and exit points as you venture into trading in the stock market. More so, you can count on them whenever you need help.
Technical Indicators Explained
For every type of business, there are rules and standards for you to adopt. In line with the stock market, the indicators are among those that can aid in inviting more of your luck.
Basically, technical indicators are the mathematical formulas that you must meet. They are furthermore based on the movement of the price. Since many people trust them, experts agree that they are indeed very much precise.
There are several known indicators out there and normally traders make use of one, two, or even more indicators before they execute whatever decision they have in their minds. The thousands of varieties of indicators likewise run on numerous varying formulas too. In fact, you can take a pick from among them. Of course, as mentioned above, gurus have their own bets. They are likely to recommend to you those which they think are working the best. You must know that many of them suggest those indicators that they personally use or else they will not bear that strong amount of conviction. While it is emphasized that you may or may not follow what they say, it will not also hurt if you prefer the first option. After all, they serve as your guide. On the other hand, never limit yourself and your decision with those things that they tell you. You can always find out the indicators that will also work best for you. Talk about experimentation and discovery!
What is so great with the stock market technical indicators is that their being accurate allows you to see the potentials in making money. They express signals that will let you determine the possible risks at hand. All you must do is to load them up via a chart and they will do the rest.
- The Technical Indicator: Despite rally, technical repairs needed (marketwatch.com)
- The Technical Indicator: S&P, Nasdaq edge atop major resistance (marketwatch.com)
- We’re In a New Bear Market, Says One Technical Indicator (blogs.wsj.com)
Originally posted 2009-02-16 14:11:39. Republished by Blog Post Promoter
Atomic Blogging opened my eyes to the realization that my blog can grow and promote my business at the same time.Â Â I learned how to increase traffic to my site through utilizing article directories and social networking.Â Not only did the book explain what article directories and social networking can do for my businesss, but it gave me tools that I could use to optimize my blog to increase its ranking and traffic, as well.Â However, the most valuable thing from the book was the examples utilized to increase monetization along with the examples toÂ increase my blogs traffic results.
The book also introduce me to reviewing as a means to increase traffic and making money online.Â I did my first review, as a result of this information and received an immediate increase in traffic.Â I look forward to doing more reviews in the future.
The book has been instrumental in keeping me focus and committed to my blog.Â It also has given me tools that I can use on other sites that I have.
Atomic Blogging is a good read and I recommend the book for anyone looking to increase traffic to their blog.Â The author of this book has a great website that gives updates to his book and additional tools at www.gathersuccess.com
Originally posted 2011-09-09 07:21:28. Republished by Blog Post Promoter
If you decide to become a real estate investor some time in your career you will purchase a “fixer-upper”. In today market, you find a lot of homes will need some work before they are habitable. Often you will purchase these houses at a bargain price. However, it should be noted that not every house that is available for a low price is a bargain. Sometimes, people only find this out after doing a lot of work. You do not have to be one of these people if you adhere to these tips.
First you need to realize what a “money pit” is. It is a house which looks like a bargain when you initially buy it, but when you soon realize the extent of the renovations that needs to be done before the property is habitable you realize that you will have to spend a lot of money. If you are selling the property, you may not make a profit. If you plan to live in the property, you’d spend more on fixing it up than you purchase the property for. Of course, by the time you have found this out, it’s already a little late.
Before buying a house which requires work, it is always advisable to have a inspection of the property by the contractor that does your rehab work. If the contractor you have do the inspection of the potential property is an employee or subcontractor that you use you may save money on purchase a property that you will have to put a lot of money into to make it habitable.
Therefore, the biggest piece of advice is hiring a contractor before hand, check his reference, and have the contractor bid on small jobs to get a feel for cost and establish a working relationship before using the contractor in your real estate business on a regular basis.
- Would You Buy a Fixer Upper? (casasugar.com)
- Ask the Reader – a Fixer Upper Home Or … (moneyning.com)
- Should you buy a fixer upper [infographic] (holykaw.alltop.com)
Originally posted 2008-11-29 13:58:08. Republished by Blog Post Promoter
There are different types of ownership deeds you may receive as a real estate investor.Â The types of ownership deeds are general warranty deed, sheriff’s deed, quit claim deed, special warranty deed, tax deed, trustee deed, and certificate of title.
It is important to understand that no matter which ownership deed you receive it is best to have title insurance on it.
The title insurance protects the owner and the new owner from losses that may arise from unknown or undisclosed defects in the pas chain of title.Â Unlike most insurance, title insurance is paid in an one time installment at the closing.Â This one time fee protects your interest as the new owner and your heirs interest for as long as you own the property.
The title policy is insured by the title company.Â The title company will provide legal defense against any and all challenges to the title and reimburse the owner against any losses as a result of hidden or unknown defects in the owner’s rights.
Now, that we understand what the title insurance is.Â Let’s examine the different types of ownership deeds.
As an investor, you may come to own your property through a special warranty deed.
Let examine what happens to get you the special warranty deed.Â First, there is a sheriff’s deed issued by a judge.Â This is issued by a judge to satisfy a judgment or lien.Â This takes place in a foreclosure.
Before we get to the sheriff’s deed or special warranty deed, the mortgage company receives a certificate of title after the foreclosure.Â Â Â This is how the property is conveyed to the mortgage company.Â Ater the mortgage company acquires the sherriff’s deed, they must convey a warranty of ownership to the new owner.Â The mortgage company does this through a special warranty deed.Â Be aware, that a special warranty deed only warrants back to the mortgage company’s ownership not any further.Â Remember, until the last payment the mortgage company really owns the property.Â You, as the owner, has insurable interest.Â Insurable interest is your right or benefit that you have in the property.Â Mening as long as the mortgage payment is current your interest is still there.Â Once you are late or not able to pay your interest is superceded by the mortgage company.Â However, you can still protect your interest in the property if your situation or ablility to pay has now changed for the better visit www.freedomforeclosure.com/taylorbrown to find out how.
Other forms of deeds include a tax deed.Â A tax deed is given if the homeowner has not paid their property taxes and someone else pays those taxes for the homeowner. This person receives this document when paying taxes on the behalf of the homeowner at a tax sale.
Still yet, there is another type of deed.Â It is a trustee deed.Â A trustee deed is used to convey a property out of a trust.
The next type of deed is a quit claim deed.Â A quit claim deed is used to release whatever interest the owner has in the proeprty to someone else.
The deed that offers the most protection is the general warranty deed or warranty deed.Â ThisÂ deed warrants against all defects in chain of ownership before or afterÂ ownership of the property.
Related Deed Articles
- TaxDeedLists.com Helps Investors Explore Emerging Careers in Property Investments (prweb.com)
- The Statutory Warranty Deed: What You Should Know as the Seller (raincityguide.com)
- Fannie Mae Announces Deed for Lease Program (raincityguide.com)
Originally posted 2008-11-29 22:13:42. Republished by Blog Post Promoter
It is interesting when you discover that even in challenging economic times that there are people who can and will find a way to overcome challenges.Â Â I discovered that when you combine like minded people and your own self drive that may things thought impossible becomes possible.Â On last night, I attended a Mastermind Meeting.Â What is a Mastermind Meeting, you ask?Â A mastermind is an alliance that is build from two or more minds the work together for a common goal.Â The goal of our goal is to help and encourage each other in growing our business despite the economic downturn.
At the meeting, I learn several things to help do that.Â One was developing a vision or mission for your chosen business.
Another was writing your goals down.
However, the most important thing that I learned was something that was restated more than once.Â It was believe in yourself.Â Believing in yourself is one of the most important ingredients in the formula of success according to the host.
Another key to success is speaking success not negativity into your life.Â You’ll heard of the old adage “you are what you eat”, well guess what it is the same for we speak, “we are what we speak.”Â So, speak, “Goodness and Goodness will come.”
Originally posted 2010-01-18 05:00:04. Republished by Blog Post Promoter
This post is written by Steven Parker. Steven Parker is a financial writer and contributor for the last five years.Â He specializes in mortgage and real estate industry and has written many articles on mortgage, reverse mortgage, loan modification, foreclosure and many more.
Mortgage APR represents the Annual Percentage Rate payable on a home loan. Potential homebuyers can use it for comparing various loan products. The Federal Truth in Lending Act (TILA) necessitates lenders to advertise this rate while marketing their loan products. The APR shows the overall cost of borrowing a loan and it is typically calculated on a yearly basis.
The Annual Percentage Rate essentially indicates the relationship between the overall amount that youâ€™ve borrowed and the cost of acquiring the borrowed amount and it is expressed as a percentage.
Various lenders use various methods to work out the Annual Percentage Rate and hence, a precise comparison of loans by applying the APR is not possible all the time. Some lenders would use software programs to figure out the APR on the various loan products that they offer to the consumers. Because of this, some mortgage advisors might not even understand which fees are being taken into account for the calculations.
What is the goal of APR?
The principal purpose of the APR is to restrain lenders from publicizing unbelievably low interest rates and subsequently hiding additional costs for the mortgage to compensate the difference. Consumers who are looking for a loan must take into consideration the APRs of every loan theyâ€™re thinking about. If the Annual Percentage Rate on one mortgage is considerably higher than the Annual Percentage Rate on a same type of loan from another lender, then this is a signal that something is distinct like higher fees. Hence, a lower Annual Percentage Rate doesnâ€™t essentially indicate a better loan.
Why APR is always higher than the interest rate?
As Annual Percentage Rate calculations take into consideration other extra costs related to the loan, the ultimate number is always higher than the interest rate applicable for the loan. Nevertheless, this doesnâ€™t affect the monthly mortgage payment amount. The monthly mortgage payment is worked out only on the basis of the amount borrowed, the loan term and the interest rate.
While obtaining a loan, the borrower has to incur different fees. Most of the fees or charges are comprehensively uniform. Furthermore, the lender has control on particular fees and no control on some fees that are generated externally. Some fees are normally included in the calculation of APR, some fees are seldom included and some fees are not at all included.
What are the fees that are typically included?
The fees that are typically included in the Annual Percentage Rate calculation are the following:
- Underwriting fee
- Loan processing fee
- Document preparation fee
- Private mortgage insurance (if applicable)
- Origination points
- Prepaid interest (Discount points)
What are the fees that are seldom included?
The following fees are seldom included in the calculation:
<>Loan application fee
<>Credit life insurance expenses
What are the fees that are not included?
Given below are the fees that are not included in the calculation:
- Notary fee
- Escrow fee
- Appraisal fee
- Attorney fee
- Recording fee
- Transfer taxes
- Title fee
- Home inspection costs
- Credit report fee
- Document preparation fees
The Annual Percentage Rate is a helpful loan comparison tool. You shouldnâ€™t forget to take this number into account along with the interest rates applicable for the loans that you are thinking about.
Related articles about credit and APR
- Simple Real Estate Definitions :APR (movephilly.blogspot.com)
- Your Credit and the Home Equity Line of Credit (taylorbrownrealestatetalks.com)
- Mortgage – Latest News (taylorbrownrealestatetalks.com)
- Record year for foreclosures as unemployment rises (seattletimes.nwsource.com)
- Find the Right Credit Card Based on Your Needs and Habits [Credit Card] (lifehacker.com)
Originally posted 2009-01-29 08:00:49. Republished by Blog Post Promoter
Changes to Fannie Mae’s Financing Criteria Affect Investors
Recent changes to Fannie Maeâ€™s financing criteria have created a need for investors to reconsider how they take ownership of their new investor property.Â Â Those changes are affecting investors who finance the property in their portfolio and have those properties under the entity, limited liability corporation (LLC).Â
Freddie Mac backs many of the conforming loans on the secondary market, so any changes in the rules is very important and should be headline news; hence, this news release.Â
The changes are as follows:
- Freddie Mac will no longer approve refinance for any property that has been under a limited liability corporation entity for the previous six months.Â
- Freddie Mac is limiting the number of properties the investor can have financed to four not ten as in years passed.
Land Trust is Answer to Recent Fannie Mae Changes
The ownership option that will combat the change to the financing institutionsâ€™ criteria changes is taking ownership of the new investment property under a land trust.Â What is a land trust?
A land trust is a method of real estate ownership in which the trustee has legal title to the property.Â Â The beneficiary, though, has full power to control the property to include disposing of the property and management of the property.Â
The trustee for the land trust can be an attorney, law firm, or a bank.Â Remember, the trustee holds the legal title.Â However, whether the trustee is an attorney, law firm, or a bank, those entities can not act without the written consent of the beneficiary who has full power to control the land trust.
Benefits of Land Trust
The land trust is not only the solution to the changes for financing, but the land trust also has great benefits such as:
- Asset protection
A land trust is considered to be superior to most business entities such as corporations, limited liability corporation, etc because the land trust has the added benefit of privacy.Â The land trust does not have to be registered that means there is no public record of the officers, directors, shareholders, or beneficiary.Â The trustee must keep the beneficiary and trust records in a secure location, and the trustee can not reveal the information unless subpoena.
Along those same lines, it is recommend that at time of purchase that of the new investment purchase for it to be conveyed directly to the trustee to avoid the ownerâ€™s name ever being part of public record.Â Â There is other reasons anonymity or privacy is beneficial.Â It can prevent unfair price increases on purchasing of property.Â For example, when the land was accrued for the Disney World, Walt Disney used a land trust toÂ disguise his intentions for the usage of the land to prevent increases in the price of the land.Â
Still yet, another advantage to a land trust is asset protection.Â The beneficiary is protected from judgments and liens.Â The land trust prevents the judgment to automatic be attached to the real estate owned by the investor since the title is not in beneficiary’s name.
However,Â it is important to note that becauseÂ the investor maintains control of the trust, the control or interest can be subject to creditor’s claim.Â To avoid creditor’s claims, the trust needs to be irrevocable not revocable.Â Â
The land trust is flexible because it allows for ease of multiple ownership. Â Â Even though there are multiple owners all owner do not have to sign for the acquisition of a new property just the trustee who has written instruction from the owners sign the documents for acquisition of the new investment property.Â
The land trust does can not be partition when one of the ownersâ€™ part, but the parting owner can transfer part of his or her interest in the trust.
The best is advantage of the land trust is ease of succession.Â If the beneficiary of the land trust passes away, the interest in the trust is simply transfer via the previous written instructions to the trustee.Â This eliminates the need for probate and the lengthy and costly process involve with the probate proceeding.Â
The beneficiary of the land trust can be an individual or an entity, so if you have a limited liability corporation the LLC can be the beneficiary.Â
The cost of the land trust may vary, but the investor may be charged as little as $100 to open a trust and $75 a year to maintain the trust for an investment property valued at $250,000.
Remember, the land trust is a legal document that must be review by an attorney to ensure that all of your interest is address.Â If you have a LLC make sure your LLC has instructions in it as well for your beneficiary interest in the land trust.Â
Originally posted 2009-01-15 10:07:24. Republished by Blog Post Promoter
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