Automobile Content Index - Page 10

I like Toyota cars as much as anyone, but the company is running a new commercial that seems to encourage insurance fraud.

The ad shows a guy shoveling a huge amount of snow on top of his already buried car. Clearly, he's waiting for something. The next thing you see, a huge snowplow slices his car…

Just because there is a deal on the table for a home near foreclosure doesn't mean the lender is not required to accept a short sale. The lender can take its chances, foreclose on the home and sue the owner for any deficiency in funds that the lender gets from the foreclosure. This means a buyer making an offer on a short-sale home might see the deal fall through.

As mentioned on the Clark Howard Show:

Congress voted this week to raise the fuel efficiency for cars to 35 miles per gallon by the year 2020. That's a 40 percent increase.

Democrats estimate the requirements will save motorists $700 to $1,000 in fuel costs.

The bill also requires increased ethanol use…

Unlike for cars, states do not issues titles for property. The title you received when you bought your home proves that you own it, no matter whether it's a warranty deed, special warranty deed, trustee's deed or quit claim deed. When you pay off your mortgage you own your home in full and your lender removes its lien on your property.

If you track your mileage for taxes this will interest you.

The U.S. Internal Revenue Service just announced the mileage rates for 2008, which go into effect New Year's Day.

You can deduct 50.5 cents for each mile used for business; 19 cents per mile for medical or moving purposes; and 14 cents per…

An inspection contingency is an addendum to a contract that gives buyers the right to have a professional house inspector or other third party examine the property within a certain period of time after the agreement to purchase has been signed. It doesn't get you out of a deal, but a contingency inspection can ensure problems or potential problems are fixed before you move in.

While it might be a little late for you to get direct notification about the recall of 2002 Altimas and Sentras as well as 2005-2006 models with 2.5 liter engines, you can sign up to get notified about recalls if you own a Nissan.

Here's the link: www.nissanusa.com/apps/recall.

And on a general note…

A son inherited property from his father who had a judgment against him. A judgment may mean there is a lien on the property that the estate must pay. Generally, a lien does not go away when a person dies.