“Cursing my eyes… People I’ve seen… Crawlin’ Through Ruin of the American Dream” vacation farm Perhaps the biggest aid to illegal foreclosing parties is the word “mortgage”. The term is widely misused as a synonym for “home loan” in all 50 states. Home loan has come to be known as the term mortgage. But, taking…
Ensuring that on-line banking transactions are safe is generally a matter of frequent sense and retaining your passwords safe. In the 5 years I’ve been doing my banking on-line, there have been only a few issues. The FDIC recommends retaining your transactions with on-line banks safe by: 1. Read the important thing data within the…
If you are starting your estate planning process, an ILIT (irrevocable life insurance trust) will provide peace of mind. If you have young beneficiaries or sizeable estate, the trust will be able to provide control over a life insurance policy. The irrevocable aspect of the trust ensures that the creator or the grantor will not…
Almost every financial organization has an exercise department. Their names are as varied as the problem loan administrations; Central Credit Department; Or the Department of Special Assets. A dealer may be assigned to one of these specialized departments, or a member of the department may begin attending meetings with the dealer’s regular bank official. Courts…
Reverse mortgage is a complicated subject. Nobody wants to discuss them, and yet, for some it can be an excellent solution. Elder’s heirs may not appreciate it much, but it can be a lifesaver. Kind of reminds us of that bumper sticker you see on the back of a motor-coach; “We’re spending our children’s inheritance!”…
While gains from a life insurance policy are not treated as income for tax purposes, if the life insurance policy was held by the decedent within three years of his or her death, any amount of insurance income on the decedent’s estate is taxed. will be imposed. above the property tax limit. OK, now in…