what happen when 401K leave blank on beneficiary Nothing unless you die, and it’s not covered in your will or other documents. Then the state’s intestate code takes effect. Each state has a law for how the estates of those who die intestate will be divvied up. These laws were typically made generations ago, and …
Continue reading “Naming Beneficiaries – Do It, and Keep Them Current”
This is definitely not a “Who you gonna call?” I’ve done a couple articles on the two ratios, debt to income and loan to value. These are the basic and most important parts of loan qualification. Nonetheless, there exist a plethora of reasons why someone can be turned down for a loan even though they …
Continue reading “Loan Qualification Standards – “Loanbusters””
I refinanced my house and an existing lien was not discovered Now the important question: Is it a valid lien, or has it really been paid, and just not released of record? If it has been paid, you don’t owe money simply because the lien on your property was not properly paid off. If you …
There is no such thing, of course. The perfect time to buy would mean that you have all kinds of leverage, and can make sellers give you pretty much the deal you want, but prices are nonetheless rising rapidly so that you will have a large amount of equity the first time you need or …
‘Homeless dumping’ charges for hospital The case against it stems from a March surveillance video showing a 63-year-old patient from Kaiser Permanente’s Bellflower hospital wandering Skid Row in a hospital gown and slippers. Prosecutors describe what happened to Carol Ann Reyes in a 20-page document supporting the false imprisonment and dependent-care abuse charges. “We seek …
Continue reading “The Fifth Amendment and the “Right” to Medical Care”
Section 1031 of the IRS Code has to to with tax treatment on the exchange of one parcel of real estate for another. It’s similar to Section 1035 which covers most non real estate exchanges. Car for a car. Boat for a boat. Business for a business. But section 1031 allows indirect exchanges so long …
Yes, I’ve always kind of liked Paul Simon. But this post was inspired by something I ran across from a title company. And just to make certain you realize what I’m saying, it’s fifty ways to lose your money if you don’t have title insurance. You don’t want problems from prior ownerships to interfere with …
Continue reading “Title Insurance, or Preventing Fifty Ways to Lose Your Money”
(The original article was from September 2005) From an email: Anyway, my wife and I are about to purchase a place here in the X area and we’ve been hearing that “a tough loan” line due to the fact that I’m only 10 months into my new small business although I’ve been profitable the entire …
I have mentioned this form several times in the past as the only form in the entire real estate loan process which is actually required to be accurate. Department of Housing and Urban development form 1, the so-called HUD 1 form, is required to be filed and correct for every real estate transaction. Whoever your …
I got a search result for how to get out of mortgage pre-payment penalties, although I’ve never really dealt with the issue. Prepayment penalties on real estate loans are something some people, often with less than stellar credit, accept, either in order to either get their mortgage rate lowered or because they don’t know any …
Continue reading “Getting Out of Paying Pre-Payment Penalties”
