daily blog

When I recently saw the President of the Pay Day Lender’s Association on TV the other day lecturing the viewing audience to “Never borrow more than you can repay in a short period,” I got sick to my stomach. I knew he was smelling blood!

He was clearly reacting to the increased desperation of the middle class American worker, falling further behind because of stagnant wages, rapidly rising mortage, gasoline and health care costs.

If you don’t take action to protect yourself and your family, now; from this increasingly predatory economy we live in; you will go right into bankruptcy, foreclosure or both, along with millions of your fellow middle class Americans.

Most of you are letting the government take 30-50% of your hard earned income in taxes every day, while tax the corporations and the wealthy ever more unconscionable and unfair taxbreaks.

Exxon/Mobile makes $9 Billion in profits in 1 quarter and ½ million middle class families will go bankrupt this taxes because they do not have $300/mo more income, which according to a Harvard researcher, Elizabeth Warren, is all that is needed for them to avoid bankruptcy!

There is no way the average person’s wages are going to keep pace with the spiraling cost of living, so the head of the Pay Day Lender’s Association wants to lend a helping hand, at 240% annual taxes of course.

Fortunately, there is another way. You can take back 10-25% of your hard earned pay check that you routinely let the government confiscate.

You can start a home based business and take advantage of the same tax system the corporations and the wealthy use.

You didn’t know there were two tax systems in this country?

Their tax system allows them to pay little to no income taxes, averaging around only 4-5%. You know too well what your tax system takes from you.

How would you like to be able to slash your income taxes and increase your take home pay by 10-25%, every pay day, starting now?

You must have or start a home based business. It must be run with the intent of making a profit, worked at least 20 hours per week and you must not co-mingle personal and business funds.

Once you have a home based business, you can learn how to redirect the money you are presently spending on supporting your lifestyle into expenses necessary to run your business.

Think about a simple trip to the mall on Saturday with your family to shop for a pair of shoes for your son. Tax deductible? A business expense? Clearly not.

However, what if you were to pick up a box of blank CD’s or a new ink cartridge for your business computer? Bingo! That trip has become a business trip! You can now write off the mileage to and from the mall, irrespective of the fact that you bought your son his shoes.

Come to think of it, how would you like tomake the purchase of your son’s new shoes a business deduction too? Impossible? Nope. Instead of giving him an allowance, give him a pay check! That’s right, put him and other family members on the payroll.

The IRS says that if the job is legit, the wages suitable for the work done and an actual pay check is cut, there is no problem with hiring family. In fact, they have given the green light to having children as young as 7 years of age, employed in family businesses.

All of these new found write offs add up to huge tax deductions, which means more take home pay.

An Extra Pay Check of $500-$1,000 every month for your family can make the difference between financial survival and financial disaster.

The key is to have a qualified home based business.

Copyright, 2007, Bill Young. Bill is a Personal Financial Consultant. He shows people How to Quit the Rat Race in 5 Years! He did it himself, in real estate. However, because of the current state of the real estate market, now favors home based businesses as the springboard out of the Rat Race. Click here for more info: http://www.linkbrander.com/go/48681 Call Bill for a free, no obligation 30 min consultation on your personal financial situation and how you can overcome the problems and become financially free in 5 years! 877-291-3642

If you’ve been researching your options and are considering getting a debt consolidation loan in order to improve your budget situation, your cash flow, and your total debt load, I’m sure you’ve seen some of the reasons detailed taxes suggest that moving forward is a great idea.

These reasons are always followed up taxes a litany of reasons why debt consolidation is a bad idea. There are a few negatives associated with debt consolidation – if you don’t make changes in your mindset and the way in which you deal with money.

First of all, the reasons for you to get a debt consolidation loan are pretty compelling:

- Generally lower overall payments

- Ability to combine multiple debts into a single monthly payment

- Lower interest rates – especially if debts being consolidated are credit cards or many types of high interest consumer loans such as computer loans, furniture loans, etc.

- Possible tax advantages

When you combine all of the benefits together into a debt consolidation loan, the benefits are compelling and the savings are real. The benefits of consolidating today far outweigh the negatives. While we’re on the subject I’ll go ahead and address the perceived negatives and explain the reasoning behind my position that they’re really not negatives at all, but undeveloped opportunities.

The reasons most frequently cited as reasons to avoid taking proactive steps to improve your financial situation with debt consolidation as a vehicle for driving you out of your current debt problems are as follows:

- You’re not likely to be able to handle the temptation to repeat the same financial mistakes that put you into this situation in the first place

- A debt consolidation loan puts your home at risk – and not just your credit rating

- It could take longer to pay the debts off than it might if you don’t get a debt consolidation loan

Do you see a common thread in all of these reasons cited for avoiding debt consolidation?

They all have one thing in common: They all involve your mindset and your commitment and dedication to achieving a specific goal. This is grade school stuff – and it’s easy to overcome.

It’s true that you’re going to be faced with the temptation to make the same money mistakes again that gave you a huge stack of unpaid bills.

The solution is to close the accounts and take away the opportunity to repeat the vicious cycle of debt. If you don’t have the accounts any more you can’t very well charge them up again.

If this is a concern that you have, after you close the offending accounts, contact the credit reporting agencies and request that they “lock” your credit.

This will prevent you from using credit as a crutch to make impulsive purchases. You’ll still have access to your credit in a pinch, but you’ll have to work a little to get to it.

This strategy isn’t so different from the dieter who forces themselves to walk 5 miles to the convenience store if they want a cookie. It won’t stop you from getting it, but you’ll have to be really dedicated to getting it in order to expend the energy in laying your hands on it.

It’s no secret that a debt consolidation loan puts your home at risk. However, if you refinance when you get a debt consolidation loan you can kill many birds with one stone. You can snag a great new – and much lower – interest rate, reduce the number of bills you have going out each month and generally improve your financial situation.

Sure your home’s at risk; however, you have to live somewhere. With your home being on the line you’re much more likely to do whatever it tax to change your mindset about money.

If your monthly payment is still less than you could expect to pay if you were paying rent, you still win. If you fall down in the mud you shouldn’t decide to stay there because you’ll have to clean yourself if you get out.

The last reason given for avoiding debt consolidation is that it could take longer to pay off than if you don’t get a consolidation loan. It could take longer, but it’s not likely. It can take 25 years to pay off a credit card by making minimum monthly payments. The interest staggers the imagination. Even if it takes you just as long to pay down a debt consolidation loan the interest rate is likely to be much lower. A 20-25% interest rate could be as close as a late payment or two.

As you can clearly see, you’re absolutely better off taking positive steps to improve your situation than in doing nothing. To do nothing is to get nowhere. Going nowhere financially has never changed a thing in anybody’s life. Don’t you agree?

Darrin Roseborsky is a Refinance Specialist with OMAC Mortgages, seminar speaker and president of the Roseborsky Group and HomeRefinanceCoach.com. Darrin can help you maximize your equity properly and help you find options that make the most sense for your situation! Learn more about how it works at: http://www.homerefinancecoach.com.

No matter how carefully you plan ahead you can never prepare for every eventuality that life reveals to you. There are times you may think fate is conspiring against you, it may seem like that but everybody experiences events in their life they can often well do without.

Many times you may find your finances stretched to the limit only to find another urgent expense you need to cover. Your wage check is only going to stretch so far and you don’t want to end up with lots of unnecessary bank charges and bounced check charges piling because you just don’t have enough money in your account to pay for them all.

At times like these you can turn to a payday loan, a short term cash advance to cover those immediate financial worries. You can borrow a small amount of money very quickly and get the cash paid straight into your bank account electronically. This means you can have access to your funds the very next day.

So what if you have bad credit, you don’t own your own home or car. Maybe you are in bankruptcy or have charge offs or NSF’s against you so you don’t have a very good financial record. This is not normally a problem when taking out a payday loan as you do not need to provide any sort of collateral such as when you borrow against your home or car.

To apply for a payday cash advance all you need to do is fill out an online form stating your details. There is not charge for applying and all your details are kept confidential. The form you fill in on the internet will be encrypted, payday lenders takes customers privacy and security seriously and take every precaution to ensure your details are safe.

Any personal loan including payday loans should only be used when an urgent need arises such as in an emergency. This form of loan is not designed to be used on a regular basis. If you find that your outgoings are regularly exceeding your income then you should seek financial debt management advice or counsel on your financial situation.

If you are in need of urgent funds then a payday loan is a fast and convenient way to get hold of the cash you need to meet those unexpected expenses. You can get approval within hours, sometimes minutes and have your loan paid into your account the next day. It is a fast way to immediate cash when you need it most.

Find out how you can get a payday loan quickly at http://www.paydayloansinstantadvance.com

You’ll never find a little starry-eyed 5-year old child say “when I grow up, I want to go into foreclosure” but nevertheless, hundreds of thousands of families are facing the unthinkable today. Many times, one or more people involved would rather deny the reality of their financial situation, which may have been how they got there in the first place. However, denial only leads to delay, which perpetuates the disaster tax leaves you with fewer options. Your other alternative is to be courageous enough to face reality and work through it making your outcome much more favorable and your family much stronger. Here are a few ways denial can affect foreclosure:

1. Stop The Madness

If you don’t realize the propensity of the situation, you will continue to borrow money that you can’t pay back, live beyond your means and dig the hole deeper. Once you get beyond denial, you can do a 180 and begin a new focus- financial freedom.

2. Negotiate in Truth

Banks and lenders are not prepared to negotiate with those who are perpetuating their financial crisis through denial. By recognizing the truth, you can begin to avoid foreclosure through negotiated methods. The lender does not want your house, they would much rather have your payment. They are usually willing to work out a realistic payment plan to keep you in the mortgage. Another option is a short sale, where the lender agrees to discount the loan balance in exchange for you selling the home and giving them the proceeds. Get out of denial and on to negotiating.

3. Relationships Need Truth

When facing any type of financial crisis, the whole family feels the effects. By denying the situation, your family and relationships learn an important lesson- “when things get tough, deny they exist.” When you face it with courage and deal with the truth openly by learning from your mistakes, your family learns an even more important lesson. When denial and lack of communication exists, relationships begin to deteriorate under the pressure.

When foreclosure is a threat, don’t become a victim of denial. The sooner your face the truth, the sooner you are on a road to financial freedom.

OceanView Investment Services Corporation is the parent partnership of OceanViewEquity.com and its affiliate websites. Since founded, our top goals and priorities have been to tax the integrity of service we provide and the guaranteed satisfaction of our users and customers alike. We provide Borrowers nationwide with a service geared to make the loan process as stress-free and simple as possible. Our Lenders and brokers across the country are given accounts to access borrower information and make successful loans.

A tax lien is put upon a property as a security against tax non payment of taxes, either personal or property taxes. These liens are paid either by the owner of the property or the mortgage company. The mortgage company is likely to use an escrow to recoup the payments from the property owners. If the property changes hands without the lien being paid off, the new owners will then become responsible for its payment. This is due to the nature of the lien. It will ‘run with the tax mistakes which means that the debt will forever be against the property rather than the owner of the property. If the lien on a property is unpaid, it is possible to invest in a tax lien certificate which will give you the right to foreclose on the property. This will then become yours.

Tax lien certificates come up for sale on properties via the county or municipality that the taxes are owed to. The money paid for the lien certificate will go to them in payment of the outstanding tax and the property owner must then repay you. If you invest in tax lien certificates you will receive a state mandated income from the property owner, which, if they want the lien to be removed, must be paid. This will give you a tax income as long as the lien is outstanding.

If you invest in a tax lien certificate and the delinquent tax is not repaid by the owner of the property which the lien is against, after a certain length of time you will have the right to foreclose on the property and the title will become yours.

This all seems very straightforward and it would seem that you cannot lose if you were to invest in tax lien certificates. However, this is not always the case and investing in this manner can sometimes be a risky business. Although, as the holder of the tax lien certificate you will usually have first rights as this lien will be the first one held on the property, there are cases when others have more rights of recovery than yourself. If the owner of the property owes money to the IRS or other creditors and is declared bankrupt, you may find that you are no longer holding the first rights on your lien and you may end up losing out. For this reason, a detailed search is absolutely critical if you want security and peace of mind. Also you must research the property itself. A rash decision to buy a tax lien certificate on a property could leave you with a very poor investment if you discover that the property is in very poor condition or has a problem with the likes of flooding etc.

There are many ways of investing and some of these are more risky than others. If you invest in a tax lien certificate it is possible to receive a high return for your initial outlay. This, however, is dependent upon a number of factors and you must be prepared to do some very careful homework regarding both the property and the financial situation of the owner.

Robert Grazian is an accomplished niche website developer and author. To learn more about investing visit Investing Advice Online for current articles and discussions.

America is going through tough financial times; it is no secret that many Americans have fallen victim to unscrupulous lending practices and that the most important terms and conditions were not disclosed during the negotiation of a home loan. We are going through a financial bubble and because of reforms to lending practices home owners are desperate because they no longer qualify for readjustments with their current lender.

As the saying goes, desperate times call for desperate measures but, that measures that most people are taking are definitely not the best ones. A few years ago property owners counted with their home equity to bail them out of any financial problem but because of the current situation properties have partially lost value and there might not be enough equity to refinance a loan; unfortunately for home and property owners, credit card companies know that the average American no longer counts with equity in their properties so they are constantly bombarding people with ephemeral offers which later on turn into enormous headaches.

But the solution to a tight financial situation is not to turn to credit cards because their interest rate can go as high as 30% (compounded daily) and they will just add to the problem. Hard money loans on the other hand, are better financial instruments which provide affordable interest rates and terms that will help any property owner sail through this economic recession.

Hard money loans can go as high as 70% LTV (loan-to-value) but, the best case scenario would be to keep the LTV below 65% in non-owner occupied homes, hard money loans can also be issued on an owner occupied property to relieve financial stress. These types of loans can be amortized over a period of 30 years according to the borrower needs

Stopping Foreclosures with Hard Money Loans

Because of the banking crisis more and more home owners are losing their properties to foreclosure, the sad part is that many of those foreclosures can be stopped or avoided only if the note holder deals with a knowledgeable hard money lender. In California alone foreclosures have been up 260%, this figure is based on market analysis performed on July, 2008 by housing authorities.

Hard money loans can be used in order to salvage a property and avoid foreclosure. However, a property owner needs to act as fast as possible in order to avoid interest and penalties from accruing and worsening the situation.

LoansForCaliforniahomes provides more information about hard Money lenders as well as hard money instruments to help California property owners through tough financial times, visit our website to learn more.