THE Home Affordable Refinance Program expansion helps today’s historically low rates become available to customers who have an existing mortgage loan owned by Fannie Mae and Freddie Mac. There is…
LET’S say that you decide to file for Chapter 7 relief this month to discharge $100,000 of hospital bills and credit card debt. You anticipate that you will have an…
DOES FREQUENT SNACKING PRESENT PROBLEMS FOR OUR TEETH? Well, it depends. Every time we eat, our mouths go to work cleaning things up and restoring “balance”. Having three meals a…
A CLIENT of mine said he never saw it coming. Everything he ever wanted in life, he always purchased on credit. The “pre-approved” credit cards just kept coming in the…
THE common belief is that signing an agreement binds an employee to all the terms in the document. But what if the agreement is illegal or a violation of public…
NEW Income Tax and Sales Tax Laws Income tax California’s maximum income tax rate increases from 9.3% to 12.3% for taxpayers with taxable income of more than $250,000. The rate…
I SERIOUSLY thought that our short sale days are really numbered, but base on what analyst and realtors are saying this year we would be flooded with short sale. I…
DEFALCATION is an act of misappropriating funds that were entrusted to a person. The person who is entrusted with the funds is called the fiduciary. For instance, your friend wins…
THERE are two oral fashions causing concern for dentists these days: The prevalence of oral piercing, and the application of dental “grills.” Oral piercing, because of the millions of bacteria…
LOOKING at the new iPad she received last Christmas, a young woman noted that it was “Designed by Apple in California, Assembled in China.” She asked what this meant, was…
THE mortgage industry can relax now with the final fiscal cliff deal bringing back a popular tax break on mortgage insurance premiums and debt forgiveness for borrowers who go through…
IN California, the equity in your homestead (your residence) is exempt up to a certain amount, depending on your circumstances. For instance, if you are at least 65 years old,…
When debts spiral out of control, bankruptcy can become an invaluable financial recovery tool in stemming the tide and getting you back on the right track. While it’s not for…
IN 2012, some very important laws affecting employee rights took effect. These laws included the Wage Theft Prevention Act, increased penalties for willful misclassification of independent contractors, the prohibition of…
1. FORGETTING to sign and date the return: An unsigned tax return is considered unfiled. 2. Missing or wrong Social Security Numbers: When entering SSNs for anyone listed on your…
IS THERE a difference between a bank loan officer and a mortgage broker? Nowadays, bank loan officers don’t have a generalize rates, meaning if you call a major bank loan…
NOT many people know that parents can transfer their retirement accounts such as 401k and IRA to their children tax free. For instance, you have a 401k of $150,000. At…
We are now living in the worst economy since the Great Depression. With millions of people being unemployed and struggling with foreclosure, debt problems have become common. Of course, debt…
Q: I WILL be working on Christmas and New Year days. Am I entitled to holiday pay? A: Hours worked on holidays are treated like hours worked on any other…
1. DON’T ignore the IRS. 2. Don’t mess with the IRS. 3. Don’t go to your appointment unprepared. 4. Don’t be late for the appointment. 5. Don’t volunteer information. 6….
“ The mortgage debt relief extension ultimately could affect millions of families who are underwater on their loans, delinquent on their payments and heading for foreclosure, short sales or deeds-in-lieu-of-foreclosure settlements….
“In Re Todd, the 63-year old debtor had an autism disorder since early childhood. The court described the debtor as articulate and intelligent. If one were to read select portions…
THERE ARE LOTS OF REASONS people chew gum. For some, perhaps it’s just a long-standing habit. But ever since a man named Thomas Adams invented chewing gum back in 1870…
IF YOU are searching for debt reduction solutions, no doubt you’ve been inundated with advertisements for various debt management programs, companies and solutions. The choices seem confusing to the average…
NICODEMUS Plumbing, a company in Cypress, California was ordered to pay its 44 employees $858,840.20 in wages and $230,050 in fines for violations of California’s laws concerning overtime pay and…
ANY individual who has worked and contributed to the FICA/Social Security System for 10 years (40 quarters) can start receiving Social Security Retirement benefits at age 67. You may elect…
“ The only reason why the Real Estate Market is better is because banks have kept interest rates low but he claims that those rates are bound to move up and…
IMAGINE that you are a Chapter 13 debtor. You owe $100,000 of credit card debt. You receive a pension of $1,000, $1,500 from a part time job, and $1,500 from…
IMAGINE how frustrating this could be. You anxiously waited for months and months for your lender’s response after submitting your loan modification request. After countless hours of frustration on the…
TRAVELING technicians obtain over $8 million settlement for unpaid work time Lojack Corporation manufactures vehicle-tracking systems. Its technicians install and repair alarm and tracking systems for its clients. These installations…
