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Posts Tagged ‘financial’

Beware of Reverse Mortgage Scams

September 4th, 2018 Comments off

Reverse mortgages are being used by more and more seniors in an effort to get a loan that does not have to paid back until they move or die, giving them the funds they need to pay for their own long-term care, without relying on family or insurance. It is an incredibly popular practice for those over the age of 62, who own a home and don’t want to be a financial burden on their families. In fact, they are the most popular type of loan for Americans over the age of 62.

However, seniors who are in need of some loan cash sometimes fall into the traps of reverse mortgages scams through fake websites and reverse mortgage companies who charge too much. This is a horrible situation for a senior to be in, because they may lose thousands of dollars to the scam artists, turning them into a severe financial burden for them family.

Usually, the scam is perpetrated through telemarketing with the senior being contacted by phone and convinced into giving up their personal information for the ‘loan’. The personal information is then used to steal the senior’s identity, often taking out a loan in their name, but making the senior foot the bill for the interest charges and monthly payments.

In the case where the senior thinks they are dealing with a legitimate company, they may be dealing with a phony reverse mortgage companies. These companies will charge six to ten percent of the entire loan amount just for the senior to get the name of a reverse mortgage lender. This is one of the most common types of scams. You can actually get information on who provides reverse mortgages, free of charge, from the Department of Housing and Urban Development.

As a result, if you are looking for a reverse mortgage, you need to be incredibly careful not to fall into the trap of a reverse mortgage scam. You should always make sure that before you sign anything, even if the agent is urging you to, you do your research into the company to find out if they are a) legitimate and b) financially stable.

It is also an excellent idea to sign the contract in the presence of a lawyer, adviser, or your children. This will help to avoid the tactics that have been laid by the reverse mortgage scam artist. However, if you simply want to avoid becoming a part of reverse mortgage scams, then you should simply not do your reverse mortgage dealings over the internet or phone.

Conclusion Reverse mortgage scams are one of the worst scams perpetrated by scam artists because it prays on the elderly and their desire to be financially secure after they have left the workforce. All reverse mortgage scams do is rob them of their money by forcing them to pay large sums up front, or by stealing personal information. To make sure you do not fall into a reverse mortgage scam, do your research and never, ever sign anything under pressure, or pay money up front without consulting an adviser first.

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Use This Real Estate Information To Your Advantage

August 4th, 2018 Comments off

The real estate agents work by linking together the two interested parties and charging a commission for their services. For sales, they charge commission only to the seller but for rentals (i.e. agent managed rentals) the commission is charged to both parties involved in the transaction.

The other interested party (i.e. the buyer/tenant), gets access to this information by contacting the real estate agent. Thats how the real estate agents become a hub of information.

Real estate agents would generally know the prices of various properties of different types and at various locations in the region.

It also takes into consideration the surrounding areas and the real estate trend in those areas. So, this real estate school of thought is really followed by arch real estate consultants/investors who know a lot about finance and put all that knowledge to use in determining the trends for real estate industry. However, that is just one real estate school of thought.

However, it is worth noting that real estate agents work on sellers behalf. So, beware if they are trying too hard to sell a property.

The real estate appraisal is done using various methods and the real estate appraisal values the property as different for difference purposes e.g. the real estate appraisal might assign 2 different values to the same property (Improved value and vacant value) and again the same/similar property might be assigned different values in a residential zone and a commercial zone.

A good real estate investor would evaluate the property on the basis of the developments going on in the region. So real estate appraisal as done by a real estate investor would come up with the value that the real estate investor can get out of the property by buying it at a low price and selling it at a much higher price (as in the present).

A real estate investor will generally base his investment decision on this real estate appraisal that he does by himself (or gets done through someone). So, can we then term real estate appraisal as a really real real estate appraisal?

I like sharing my knowledge about real estate and other, mostly finance info. I also owna webpagein Dutch called goedkoopste hypotheek and hypotheken.

What to Look For in a Long Term Care Insurance Quote

July 29th, 2018 Comments off

When looking at a long term care insurance quote, there are many factors which can determine the cost to you. This article will give you six important points you should consider when looking at a ltci quote. Much of this is determined by type of benefits you want, your age, and which company you want to work with. This will allow you to be an educated consumer when purchasing this insurance product.

Looking at long term care insurance quotes, what you want your policy to include and when you receive your policy will cause changes in the quotes you will receive. This article will give you more information about what companies you should look for among other factors.

The types of benefits you receive will help determine your cost of long-term care. These types of benefits can include whether you will receive in-home services, care at a nursing home or from services based in your community.

The cost of your ltci quote is contingent upon age so the younger you are when you purchase ltci will cause your premium to be lower.

The types of companies you approach for an ltci quote can help determine a different cost in your quote. You may be able to receive this quote through your employer.

The type of policy you choose will cause different quotes. You can choose a policy which will pay a maximum daily, weekly or monthly limit or one which pays up to a certain dollar amount.

You can also choose when your benefits can be used age-wise.

Daily benefits level is something to think over. If you want higher daily benefits limits, this will cause you to pay more for your ltci.

Hopefully this has given you good information regarding long term care insurance quotes. More information is always better so that you have an idea what to expect and you can have thought through what you want out of your policy.

Before you go out and buy a policy go to Long Term Care Insurance, ask questions and request a long term care insurance quote. We represent 20 of the top LTCi providers. This gives you tremendous options.

Real Estate In Arizona And California

July 15th, 2018 Comments off

Arizona real estate market is really hot. The centre of a lot of action in Arizona is Phoenix metropolitan area. However, when it comes to real estate investing, every area is hot.

That said, even if you have chosen the region for investing in California real estate, you need to be careful with selecting the location in that region i.e. the California real estate piece that will fetch you good profit.

If you are looking to get a piece of Arizona real estate for yourself and your family, then you need to consider a lot of different things which will also influence your perception of the lowest (or the best price) for that Arizona real estate piece.

You could also partner with the local attorneys in the region i.e. attorneys who handle property matters in case of death, divorce, defaults etc. These people can give you good leads on California real estate investments. In such cases, whoever gets the information first gets the advantage. You can really lay your hands on some good California real estate deals in this way.

So with the California real estate prices rising (as always), investing in California real estate does seem like a great idea.

Real estate investment can happen for various reasons. You could invest in real estate because you need a house for yourself (that house of your dreams that you so badly want).

Real estate management demands time, which you will rarely have. Real estate management is not just about finding tenants and collecting rent from them. Real estate management is also about ensuring that you do all the duties that a landlord/landlady is required to do.

Though hiding your motivation will be a bit difficult, nonetheless give it a good try. If you are looking for Arizona real estate just for investment purposes then you would probably have a lot more time on hand to evaluate various properties before you actually go ahead with one.

So, really, real estate management is not that easy a job for someone who is in a full time job. However, there is a solution to this and that is hiring a real estate management firm to do all these activities on your behalf.

Real Estate is what I write about many times. I also have a pageabout mortgages in the Netherlands, i’ts named: hypotheekrente and hypotheek rente

Tax Attorneys: Find Out The Importance Of Using One

July 3rd, 2018 Comments off

For most people finance and financial matters are something that they have no clue about. This lack of knowledge at times results in the particular individual in question to take steps which eventually land them in trouble and they need to explain or bear the consequences of the government regulatory authorities.

That is why there is a need for a Tax Lawyer, who can help prevent such mistakes and its unnecessary aftermaths. Generally, tax lawyers do take care and advise their clients whether they are individuals or corporate business houses on matters related to taxation, whether it is Income Tax, Property Tax, Gift Tax etc.

The tax lawyers keep a tab on their client’s activity and provide a plan of action according to which their clients are able to carry out and execute their financial transactions.

A tax lawyer also liaisons with various government bodies and departments when it comes to certain financial matters on behalf of their clients. They represent their clients for matters which are sub judice and try and ensure that their client does not get into any legal tangle or its subsequent repercussions by dealing and negotiating with various agencies which are involved.

They are a must have in cases of mergers or acquisitions as they play a very important role in finalization of the deal, company valuation and devising the overall strategy. Tax lawyers are also able to advise a better and correct mode of executing the deal in which there is minimum chances of making a mistake which could potentially land the parties or clients involved in a financial mistake.

Tax lawyers also help the company’s in following the right and correct practices which prevent the possibility of committing a mistake and eventually getting penalized for the mistake.

It is a combination of their educational qualifications and work experience which enables them to excel in their field of work and provide the right direction and guidance to their clients. Apart from the educational and work experience factor, the tax lawyer should have exceptional communication and negotiation skills.

He should be comfortable in interacting with various people in relation to his work of representing his clients. Being a known name in the industry does help as people with whom a tax lawyer would know that he is capable of taking his case up and getting through with it. Tax lawyers should also have a bend for doing research and other fact findings as it will only help them in their field of operations and give them an upper hand in serving their customers.

Fiona Wyresdle writes for Asakawa Law which has information on really cheap DUI attorney Sacramento and best price injury attorney Sacramento.