An IRA can be a great source of funds for Divorce looking to buy a house
Did you know that the IRS might allow a divorcee (younger than 59 ½ years old) to withdraw funds without paying the 10% early IRA distribution penalty tax? In a divorce situation, there is often the opportunity to withdraw a lump sum if the money has not been transferred to an individual 401k account. View Article
Are you thinking about a Divorce?
Are you upset and thinking about a divorce? DON’T DO IT UNLESS YOUR SAFETY HEALTH AND EMOTIONAL WELL BEING IS AT STAKE. There are lots to be said about the gift of familiarity, devotion and plain old (long endearing) love. But if you are not going to listen and want to proceed, here are some helpful hints to avoid some of the financial disasters that I have seen over the years when assisting divorced clients in buying or selling their homes: View Article
An article written and sent to me by my friend Eugene H. Rotberg a pior treasurer of the World Bank Group and retired lawyer of the Securities and Exchange Commission.
I look back some 40 years ago, I think first of clichés and names. Globalization, integration of markets, dismantling of controls, cross border transactions, information technology, quants, derivatives, Solomon Bros., CSFB, Barings, Paribas, the Belgian dentist, Japan controls everything, When I look back some 40 years ago, I think first of clichés and names. Globalization, integration of markets, dismantling of controls, cross border transactions, information technology, quants, derivatives, Solomon Bros., CSFB, Barings, Paribas, the Belgian dentist, Japan controls everything, Yassokovich, Von Clemm, John Craven, Minos Zombanakis. Wilfried Guth. Hans-Jeorg Rudloff. View Article
Seller Burnout
The current turbulence in the banking industry has imposed time delays and undue pressures upon property sellers. Closing an escrow in thirty days is nearly impossible. Loan approvals and the required appraisals are extending the loan and appraisal contingency periods (allowing buyer cancellation) beyond the normal 17 to 21 days to over 30 days. View Article
Some helpful hints to keep your shirt in a divorce
If you have decided to get a divorce here is how you can get out with finances (more or less)
intact but it is complicated. In community property states, the names on the assets-the
house, the car-may not matter. View Article
Things you should consider when selling your own home
In some cases, people think the best idea may be to sell their home themselves. This is usually not a good option. Here is a list of just some of the basics that as your listing agent I will do. Saving money on real estate commissions can cost you a fortune in lost time and lost money for your home. Here are just a few things to consider: View Article
Different Types of Real Estate Home Loans
Getting the right type of real estate home loan is an important part of the home buying process. In this section of my web site I have put together some basic information regarding the types of real estate home loans that are common in the market today.
Fixed-rate mortgages Fixed rate mortgages are mortgages where the interest rate stays the same for the entire term of the loan. The advantage to a fixed rate mortgage is that if you lock a relatively low rate, your payment won’t go up when rates do.
Adjustable-Rate Mortgages With an adjustable rate mortgage, the rate of the loan can change throughout the term of the loan. The rate of the loan is based on adding points to a fixed base.
Hybrid loans A hybrid loan combines a fixed period along with an adjustable component. Usually these loans are fixed for a period of time and then the loan becomes adjustable where it is dependant on current rates.
FHA real estate home loans An FHA loan is a loan in the United States that is insured by the Federal Housing Administration.
VA real estate home loans A VA loan is a loan in the United States guaranteed by the Veterans Administration. The loan may be issued by qualified lenders. The VA was designed to offer long-term financing to American Veterans or to their surviving spouses.
Some helpful hints to avoid financial disaster during a DIVORCE
Are you upset and thinking about a divorce? DON’T RUSH INTO IT UNLESS YOUR SAFETY, HEALTH, OR EMOTIONAL WELL BEING IS AT STAKE. There is a lot to be said about the benefits of familiarity, devotion and plain old (long endearing) love. View Article
Should you remodel or sell?
Why continue to invest time and money maintaining a large "outdated" home when you can move into a more manageable and beautiful home surrounded by resort activities. It is time to consider your time, preferences and the following benefits.
•Taxes
•Affordability
•Investment of time
•Trust
•Health issues
•Family
Please contact me at 310.729.0212 for assistance
Retiring in New Zealand and Australia
The wonders of New Zealand and Australia await you. These countries are absolutely clean, beautiful, spacious, economical and friendly. I really don’t know why it took me so long to travel to this part of the globe, of course it could have been the air fare or the number of hours on the plane (12 – 14 to be exact). Twelve hours is a bit long mate but worth every minute once there.View Article
New Pricing and Selling Strategies in a Down Market
The market is starting to show an impact from the Federal Reserve interest rate hikes....Bernanke is downturning the housing market in an orderly fashion.
Soooo how does a seller sell his home quickly? A seller will have to price the home correctly and develop a tool box of techniques developed in the 70s, 80s and 90s to move the house. For example, provide seller financing, where the seller takes back a second note on concessionary terms to push the sale, take back a first note, if you can afford to, or "buy down" your purchaser's interest rate to lower monthly payments. For more please directly contact me at 310.729.0212
Using a Self Directed IRA to buy property
The self directed IRA has been available since 1975, but, for the most part, only investment analysts and banks new about it. They never mentioned it because they could not buy alternative investments, like real estate, for you and they certainly would not want you to move your money from their operation. View Article
8 Credit Score Myths
Your credit score affects all areas of your financial life. Do you understand what's behind it?
Your credit score, or FICO score, is arguably one of the most important pieces of information in your financial life.
Lenders, landlords, insurers, utility companies and even employers scrutinize this rating--which sums up all the information in your credit reports with three digits ranging from 300-850.View Article
How are you affected when the Fed's raise interest rates?
Today, more than ever, real estate is more than just a place to reside. For many Americans, real estate is an integral part of ones total financial plan, particularly retirement. The days of working and retiring with one company are a thing of the First, let's get one thing straight. The Federal Reserve does not raise or lower interest rates. Not even Fed chairman has that much power. View this Article
Reverse Mortgage
Today, more than ever, real estate is more than just a place to reside. For many Americans, real estate is an integral part of ones total financial plan, particularly retirement. The days of working and retiring with one company are a thing of the past, so too are the expectations that those retirement plans will provide adequate income. View Article
If You are 55 This is the Perfect Time to down size!
There’s good news out there! Today’s economy is getting stronger. Consumer confidence is rising, market indexes are increasing and corporate earnings are meeting or exceeding expectations! So, how does this turnaround affect you? View this article
