Installment Contract for Deed Can Result in Mortgage Fraud
A home buyer purchased a home using an installment contract for deed. She paid an escrow company, which then paid out her mortgage, taxes, insurance and homeowner association dues - or so she thought. Now she finds out that the escrow company/mortgage broker hasn't been making any payments, and the house could be foreclosed upon. Is she a victim of mortgage fraud? What should she do now?
Posted on:
Jul 16, 2009
Best Advice On Refinancing Is To Wait If You Have Recently Listed Your Home For Sale
Home sellers are up in arms. Mortgage rates are at 40 to 50 year lows, but lenders are telling them they cannot refinance if their homes are listed for sale or if they listed the property for sale within six months. That listing will cause a refinance problem with lenders. What's the best advice to tell homeowners in this situation if they would like to refinance their mortgage?
Posted on:
Jul 16, 2009
Scam Artists Take Advantage Of The System
Scam artists not only steal money from the people they're targeting, but they also create negative impressions around the whole industry or group of people they're impersonating.
The latest scam alert from the FBI revolves around scam artists using a telephone relay service to charge money to a…
Posted on:
Jul 9, 2009
Scam Artists Use Phone Relay System To Fool Businesses
A new scam alert from the FBI is targeting auto shops via the phone relay system. This scam asks businesses to charge repairs and shipping costs to a stolen credit card, asking to wire the excess funds back to the scam artist. After the money has already been wired, the business finds out the credit card is stolen, getting stuck with the loss. While this scam is appearing in auto shops, the money wiring scam has been around for a long time. Don't get trapped by this scam.
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Jul 9, 2009
Fighting Property Taxes When House Values Drop: Tax Sale Home Purchase
Even if you buy a home through a tax sale or sheriff's auction, you may still need fight your property taxes. Determining what your property taxes may be after you purchase might be difficult. If after you investigate, you might decide to fight your property taxes to get them reduced.
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Jul 9, 2009
Online Financial Tracking With Equifax Debt Wise, Mint.com and Quicken Online
Online financial planning tools like Mint.com, Quicken Online and Equifax's new Debt Wise can help keep your personal finances on track. How do these online financial planning tools work? What features do they offer. A review of Equifax Debt Wise, Mint.com and Quicken Online explains the financial tools they offer, the benefits and the difficulties of online financial planning tools.
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Jul 2, 2009
Extra Incentive For Car Buyers
New car buyers qualify for a tax deduction for the state or local sales tax, under that American Recovery and Reinvestment Act of 2009. Now the Treasury Department is allowing buyers who purchased their car in states without a sales tax to deduct other fees or taxes.
While American car manufacturers…
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Posted on:
Jun 14, 2009
New Tax Deduction For Car Buyers
New car purchases qualify for a tax deduction for the state of local sales tax. The Treasury Department announced that purchases made in states without sales tax can still qualify for the tax deduction. There are specific time limits and income requirements to be eligible for the new car sales tax deduction. Also, a tax deduction is different from a tax credit. A tax credit reduces the amount you owe the government dollar for dollar. That's to say, a $1,000 tax credit reduces your tax liability by $1,000. And, if you are in a 25% tax bracket and receive a $1,000 tax deduction, you benefit by obtaining a $250 reduction in your income taxes.
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Jun 12, 2009
New Scam: Asian Extortion Scheme
New scams are popping up this Spring like daisies. According to the Federal Bureau of Investigation (FBI), a new scam is making the rounds, and it is targeting ethnic business owners, particularly those of Asian descent. If you get a telephone call where the person at the other end sounds like he or she has your personal or business information, and threatens you, get as much information as you can, and then call your local FBI office.
Posted on:
Jun 10, 2009