28 Sep
Posted by Julia Redstone as Finance
There are many critics voicing arguments against the stimulus package that was passed last February but nearly all experts agree that the expansion of the tax credit scheme for home buyers will go a long way in improving the health of the housing sector. The $8,000 tax credit offered to first time buyers of houses [...]
25 Sep
Posted by Julia Redstone as Finance
Main Street banks are gasping being victims of bad mortgages, loans and investments. Till now 52 have closed down this year and there are fears that more will collapse. One of the primary causes for this debacle has been loan advances to risky parties and dangerous funding methods. Using “hot money” to make loans has [...]
21 Sep
Posted by Julia Redstone as Finance
The nation has been experiencing the worst economic catastrophe since the time of the Great Depression. Residents of California are feeling gloomy and skeptical rather than hopeful as here and there news is trickling in that economic recovery is on its way.
The current unemployment figure is a staggering 11.9%. People are continuing to lose jobs [...]
The much waited for re-regulation plan of Obama administration has exposed the vulnerability of the financial system of USA to a rerun of the same crisis the country is now experiencing.
From his very first day in office Obama has given top priority to resolving the collapse of the financial system and push forward the economic [...]
Having good credit is a lifesaver at times, thus it behooves us to have the best credit we can have, and more importantly to maintain it.
07 Aug
Posted by Julia Redstone as Finance
The American economy is perhaps going through its most challenging phase. Unemployment is at its peak and people are faltering on their mortgage payments. To restore the floundering economy back to health a stimulus plan has been put in place. The Treasury Department is working on the details of this plan. Will it put the [...]
California has been suffering for a long time. It has now run up a fiscal deficit touching $26 billion. On Monday (21st July 2009) it took measures to solve this problem. The governor of California, Arnold Schwarzenegger hammered out a provisional understanding with the state government to bridge this staggering gap. Schwarzenegger said that the [...]
It’s hard to do a refinance on a house that’s for sale, says Dr. Don.
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A seller of rental real estate that’s lost value has several potential deduction options, says CPA George Saenz.
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Frittering away money on small everyday expenses eats into your bottom line. Avoid them and pocket the savings.
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