Mortgage Education, Information about Buying a Home, Real Estate Education, Credit Informa

Phoenix Mediation

2009-05-21T15:35:00.000-07:00

Alona M. Gottfried has just launched a new Mediation website at AZMediator.com. Mediation is a great option to settling disputes outside of the courtroom. Go to AZ Mediator.com to find out more about mediation in your area.

Where to get help to buy a home?

2009-05-20T10:54:00.000-07:00

What does Buying a home does require:

* knowledge of industry terminology and protocol
* industry knowledge of the home buying process
* awareness of the down payment assistance programs in your area
* understanding the many first time home buyer programs available
* typically good credit history and credit scores that are above 600
* must being employed receiving some proof of income for the last two years
* have some money set aside for closing costs and down payment
* knowledge of real estate mortgage loan programs

Get Home Buyer Help

Down Payment Assistance Information

Bridge Loans From FHA - $8000

2009-05-14T08:53:00.000-07:00

FHA first time home buyer mortgages will soon be a lot better for home buyers and first time home buyers. Hud and FHA plan on giving buyers an $8000 bridge loan that they can use now to buy a home rather than wait to get their refunds. Not all of the details have been outlined yet.

FHA tax credit program

How to Make Better Financial Decisions about Credit and Mortgages

2009-05-06T09:18:00.000-07:00

The more you understand about your credit history, the better mortgage rate you will get. It is important that you understand your credit as well as your credit scores. There is more than one type of mortgage. Your fico score will dictate what programs you will be eligible for. In most cases, the higher your fico score is, the better interest rate you will get.

Different Types of Mortgage Programs For First Time Home Buyers.

* Locking in the best interest rate for a mortgage
* First Time Home Loan Buyer Programs
* Down Payment Assistance or DPA
* HomePath Mortgage Program
* FHA loans, great for first time home buyers and buyers with low credit scores

Most Consumers Want to Know the Following about Credit Scores

* How to improve your fico score
* What factors impact your credit score
* How to recover from bankruptcy or foreclosure
* Credit Restoration

For more information about credit scores talk to your mortgage professional.

8000 tax credit

2009-05-01T14:43:00.000-07:00

You can now take advantage of the 2009 American Recovery and Reinvestment Act of 2009. You can now get a $8000 tax credit just for buying a new home. That's dollar for dollar against your federal income tax returns. You must be a first time home buyer to be able to qualify for the program. The home you buy must be your primary residence as well. The home you buy must be from someone that is not related to you.

$8000 tax credit information

$10,000 California Tax Credit

Difference Between a Tax Credit and a Tax Deduction

2009-05-01T09:56:00.000-07:00

Housing Tax credits are a decrease in the amount of Federal Income Tax that you owe that is based on your tax bracket. This tax credit is available for first time home buyers. A tax credit is a dollar for dollar decrease in the amount of tax that you owe. Obama's 8000 tax credit is dollar for dollar off of your personal income taxes.

A tax deduction will reduce the amount of your income that is taxable by the IRS or the state. It is not dollar for dollar like a tax credit.

Tax Credit Information

Pennsylvania Tax Credit

Fha Mortgages vs. HomePath Mortgages

2009-04-29T11:34:00.000-07:00

A HomePath Mortgage may be a better choice than an FHA mortgage loan. A Home Path Mortgage loan only requires 3% down whereas an FHA loan can require up to 3.5% down. There is no PMI insurance required on a HomePath Mortgage. An FHA mortgage has mortgage insurance as well as a 1.5% funding fee up front ouch. There is no appraisal required for a HomePath loan.

Home Path mortgage information

Federal Tax Credits

2009-04-29T10:56:00.000-07:00

The American Recovery and Reinvestment Act of 2009 that was passed byPresident Obama gives many home improvement tax credit for people that do energy efficiency improvements to their home.

How to Qualify for Energy Efficient Home Improvement Tax Credits. You must purchase and install the energy efficient items between 1/1/2009 and 12/31/2010.

Energy Efficiency Tax Credit Information

8000 tax credit for first time home buyers explained

2009-04-27T14:58:00.000-07:00

The new $8000 tax credit for first time home buyers is different from the $7500 tax credit that was passed by the Bush Administration. You should make sure you understand how it works before you close on your first home.

8000 first time home buyer tax credit info

Produce the Note - strategy for delaying foreclosure

2009-04-27T11:42:00.001-07:00

In tough times you need to get creative. You may need to ask you lender to produce the original mortgage documents if they are threatening foreclosure on you. Just ask them to Produce the Note. In most states you need to be able to show the original documentation if you want to proceed with a foreclosure.

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Fha Loan Limists Raised In Maricopa County

2009-02-27T13:13:00.001-08:00

The Fha mortgage loan limits have been raised across the country. In Arizona, Maricopa County went from just over $270,000 to over $346,000. This should more people be able to buy more expensive properties. We need to reduce the real estate inventory if we are ever going to stabilize housing prices. Too much supply and not enough demand. I think the next step is to raise the conforming loan limits as well as allow people who have a good payment history to refinance even if they are upside down. Obama seriously needs to take a look at this as well as bringing back some of the down payment assistance programs like Nehemiah or Ameridream.

What is Nehemiah?

IndyMac Loan Modifications

2009-02-03T10:06:00.000-08:00

What loans are eligible for loan modifications with IndyMac? The streamlined loan mods will be available to borrowers who have a first mortgage owned or securitized and serviced by IndyMac that are facing foreclosure. You must have a primary residence to be eligible. Second homes and investment properties are not eligible for a mortgage modification with IndyMac.

Loan Modification Information

Simmons & Gottfried, PLLC - A New Law and Mediation Firm

2009-01-23T10:05:00.000-08:00

Alona M. Gottfried, Esq. and Jared C. Simmons, Esq. started a new law and mediation firm: Simmons & Gottfried, PLLC on January 16, 2009.

Simmons and Gottfried, PLLC will offer legal services in the areas of collaborative divorce law, business law, family law, commercial law, transactional law, employment law and personal injury. Mediation services are also available to resolve law suits, business disputes, potential law suits, divorces and other family law and domestic partnership disputes, real estate disputes and many other areas of disputes.

To contact Alona Gottfried call 480-998-1500. The law offices of Simmons & Gottfried, PLLC are located at 3877 N. Seventh St. Suite 340, Phoenix, AZ 85014-0001.

Innovative Management Solutions

2009-01-19T08:08:00.000-08:00

Innovative Management Solutions is located in Tucson Arizona. It provides leading edge business integrity, ethics management and leadership to produce extraordinary results in organizations.

Innovative Management Solutions is committed to providing business teams, business owners and individual business people with tools that provide breakthrough results in their organizations and work relationships.

Innovative Management Solutions has the extraordinary ability to listen and create unique ideas that open up to possibilities in business.

Buyers Remorse When Buying A Home

2009-01-08T14:08:00.000-08:00

extravagance? Actually "Buyer's Remorse" is a perfectly sensible attitude. It's quite normal to feel both negative and positive feelings concerning your buying habits. Many people feel such excitement when anticipating shopping. Having money and a credit card gives a person a sense of power while shopping, only to be replaced by guilt and regret after returning home. Again, the feelings of remorse attack and the thrill of the purchases have lost their appeal.
Although there may be regret over purchases, and money spent, sometimes merchandise can be returned and they can receive refunds. But many items are non-refundable especially if on a special sale or discounted. A larger item such as a new car, can not be returned, except in some states, although sometimes can be exchanged for a different style car, but is considered used once it's driven off the lot, and money will be lost in the trading transaction.
So, after purchases, "Buyer's Remorse" often occurs! They feel they've lost control and there's an emotional disharmony clash between the desires for purchasing things they really may not need, and their feelings of having lost control of their buying/spending habits!

What Is Debt Forgiveness?

2009-01-07T12:49:00.000-08:00

To understand debt forgiveness, let's consider an illustration. Whether it concerns an individual, a local or state government, or even another nation; the same principle applies. Debt is incurred when something unexpected happens and there's an immediate need for financial help, beyond the person or government officials' ability to deal with! This could be from a natural disaster such as hurricanes, tornadoes, flooding, tsunamis, earthquakes or fires. With individuals, prolonged illness or debilitating accident could have caused his troubles. When faced with multiple problems, sometimes one following another, it becomes an impossibility to repay the debt. Forgiveness means eliminating all or part of the amount owed, thus reducing amount of loss overall. Nations can also be involved in this type transaction that may have occurred in past years. When applied to nations, this will also help develop the nation's economic situation.

There can be some advantages to the creditors who may decide on forgiving debts. This frees up time and money being spent in trying to collect on the amounts owed. One other point to consider is that due to laws and statutes concerning debt forgiveness, the creditor can use the unpaid loan as a tax deduction whether claiming all or only a partial amount of loss. The creditor then finds the debt forgiveness benefit on his taxes helps diminish the amount lost by the unpaid loan.

An individual debtor has a choice in deciding whether to have all or only part of his debt forgiven. When he has gone through financial troubles and can't meet his loan obligations, this ability to choose can really help him out. However, he needs to remember the amount of debt forgiveness will be considered as taxable income. While helping him out of one bad situation, it also creates another problem as he'll then be considered on a different tax level that year and have higher taxes to pay than he had anticipated.

When concerning a nation who is recovering from a national disaster and will be unable to repay debts borrowed from other countries for many years, those nations may decide to write off the money owed, rather than put extra hardship on the debtor country. It is determined a better way to deal with the situation rather than chance affecting the world's economy.

In discussing individuals or nations and loans made between them, debt forgiveness is not something to be taken lightly as there are other choices to be considered. If there's any possibility that financial circumstances will improve, then forgiving debt is not agreeable to the creditor. However, if financial improvement is not likely to happen within an appropriate length of time, then debt forgiveness appears to be the only option available.

How is the Real Estate Market in San Diego?

2008-08-21T09:21:00.000-07:00

The real estate market in San Diego has been slow to say the least. Property values are dropping fast and the foreclosure signs are popping up all over the place. It would probably be a few years before the market turns around there.

The next phase of loan resets should hit in 2009. Once this is through I think we will see where we are at in terms of market exposure.

http://www.mylesweisman.com/

What is a relo?

2008-07-30T09:08:00.000-07:00

What is a relo? The term relo stands for relocation property. A relocation property is a property that was purchased by a company for an employee who is being transferred to a new location. A relo is considered a benefit to the employee because they don't have to worry about selling their home. They just get a check from the relo company. The relo company takes on the burden of selling the property.

What is a RELO?

Real Estate Articles

What is a BPO?

2008-07-30T09:05:00.000-07:00

What is a BPO? BPO stands for broker price opinion. A realtor will do a bpo for a bank, lender or homeowner who is seeking to know what the value of their home is.

GetPrequalified.com

Real Estate Articles

Debt Negotiation may be cheaper than filing a Chapter 13 bankruptcy

2008-05-12T20:21:00.000-07:00

I just had a client that was interested in doing a debt negotiation program. They checked with their attorney to see what the monthly payback would be and it worked out that it was cheaper to do a debt negotiation program than a chapter 13 bk. From my understanding it is that the laws for bankruptcy have gotten a lot tougher so it may be cheaper to do a debt settlement program. If you are considering a bankruptcy, you may want to check with a debt negotiation company just to compare what the payments would be.

Check my debt

Debt Negotiation

Is debt consolidation right for me

2008-05-13T14:08:00.000-07:00

Is debt consolidation right for me? It depends. If you have been late a few times and your rates have been raised to where your can't afford the payments anymore. You may want to consider a debt consolidation program. Typically we are talking about consumer credit counseling. It is no longer a dirty word. It used to be that in a CCCS program you could not get a mortgage. It was looked at as a chapter 13 bankruptcy. Now you can buy a home even if you are in a consumer credit counseling program. The history shows that people in a consolidation program are no more likely to default than people that are not in a program. One nice thing that a negotiation program can do for you is to stop rolling lates and over the limit fees. This can be a real killer for people.

Before you sign up for any program, check online with the rip off report and the Better Business Bureau.

Additional Articles on Debt Consolidation

DebtNegotiationZone Blog

Debt Negotiation as an alternative to a Bankruptcy

2008-04-24T13:00:00.000-07:00

Debt Negotiation has been given a bad rap. My experience has been that a lot of people have been mis represented about how the process works. Debt Negotiation is playing hard ball with your creditors. Your credit will be negatively affected, you may get calls from your creditors and you can get sued. A good negotiator can help you navigate through these waters and save a ton of money. On average people can settle for about 50% of what they owe. Anyone who boasts a higher amount is probably not able to provide this.

A debt consolidation might be a better route to go if you are still current on your bills. Bottom line use an attorney if you are going to do a debt negotiation program. You have recourse and your money is safe in their trust account. They are accountable to their state bar for how the account is managed.

GetPrequalified.com

Debt Negotiation does not hurt your fico score

2008-02-29T15:05:00.001-08:00

I keep hearing reports that doing debt negotiation hurts your credit score. I would like to set the record straight. The truth is that debt negotiation does not hurt your credit score. Having too much debt and not paying your bills will hurt your credit score. If you are current on all your bills and stop paying them, your score will go down, no question about it. Debt negotiation is for people that are in serious financial hardship and possibly considering a Bankruptcy. Debt negotiation is not a way to get out of paying your bills. So if you think you are going to run out and charge up a bunch of debt and then let it go, you may have a problem. That could be considered a fraudulent act. Debt negotiation is for people that may have experience a medical emergency or even a job loss.

Bottom line, debt negotiation does not hurt your credit, having too much debt and not paying it is the culprit. Actually the more old debt that you pay off, the better it is for your credit score. So settling your debt actually helps your credit score not hurt it.

More information on

Debt Negotiation

Ameridream could be going away

2008-07-23T08:15:00.000-07:00

Ameridream could be going away. That is if congress has anything to say about it. Under proposed legislation, an estimated 100,000 home buyers would be negatively impacted each year. The worst part about this is that it comes at one of our worst housing slumps in history. We need Ameridream to help keep the real estate market moving. Call 202-224-3121 and tell your elected official to keep DPA and down payment assistance programs part of the down payment option.

What is Ameridream

What is a amb4rloan finance loan?

2008-07-22T11:34:00.000-07:00

What is a amb4rloan finance loan? Who knows but you can find more information on finance at GetPrequalified.com