IRA Rollover

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Home Loan Modifications Negotiated by Licensed Attorneys. Real Estate & Mortgage Laws and Guidelines are Complex. Beware of the Banks Loss Mitigation Department. Go To RealEstateMarketingThisWeek.com Part 7 (Excerpt) Attorney negotiated loan modification process Going thru the Legal Door We have Dan Havey with us talking about loan modifications. This segment we want to talk about the specifics of the actual mechanics of, how does it actually work for the homeowner? Let me just start it off and if you would then explain the back end of how it works. Our job is to determine where you’re at now, be very specific about where you’re at with your mortgage now, what the rate is, what it’s done, those specifics. How much you make? We have to help the lender with one thing which is to establish a hardship which is crucial to this. You can’t be making half million a year paying 00 a month in a mortgage, they are not just going to lower your interest rate because you want it. There actually has to be some sort of change, financial change, hardship. We determined that and then there is a significant amount of paperwork involved, Velocity Financial takes care of that for you. We fill out the paperwork along with your help, review all of the documentation, we then recommend be right loan modification, whether it be an interest rate reduction, or extending the term of your loan, waiving some of the balance that you owe which is very very rare. To make sure that once we’re done …

NUTS & BOLTS OF ELDER LAW & ESTATE ADMINISTRATION SEMINAR, books and audio CD Tuesday, April 27, 2010 5:30 PM to 9:30 PM Crowne Plaza Edison (Rt. 27), Edison Speakers: THOMAS D. BEGLEY, JR., ESQ., KENNETH A. VERCAMMEN, ESQ. Chair, ABA Elder Law Committee 2006 NJSBA Municipal Court Practitioner of the Year WENDY WOLFF HERBERT, ESQ. MARTIN A. SPIGNER, ESQ. This practical program is designed to provide the nuts and bolts of elder law practice & estate administration practice to general practitioners and young lawyers, as well as to more experienced estate planners and professionals who help senior citizens. Youll also gain insight on how Federal Medicaid Reform will impact seniors. Fee includes 390 plus page book, dinner, seminar and opportunity to ask questions. 9.00 Books, CD and Audiotapes CDP57810 Handbook/Audio CD Package 9.00 9.00 * CP57810 Handbook/Audio Cassette Package 9.00 9.00 * * NJSBA Member Price To qualify for this special price, you must provide your NJSBA Member number – Contact: New Jersey Institute for Continuing Legal Education (732)214-8500 Additional information: Book & seminar elder law & estate administration including: • Why Have a Will? Gathering information; standard provisions; designation of fiduciaries; protective clauses; sample forms; Ethics – who is the client? • Powers of Attorney Types of POAs; what should be included; why clients need them; POAs and Living Wills; sample forms • Living Trusts (Revocable/Irrevocable) as an …

Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. Go To RealEstateMarketingThisWeek.com Part 5 (Excerpt) Mortgage Forgiveness Debt Relief Act of 2007, one exception to paying cancellation of debt income Welcome back to the Velocity of Money I am Michael J. Barnes Arizona’s and I’m with Velocity Financial and were here every week talking about all matters financial, regarding real estate as well as finances. Brett Fallon is back on the air with us again along with Mike Patenella who is a certified public accountant for the last 20 years and amazing brain, were glad he’s back on. Mike we were talking before the break about loan modifications, my point before going off the air was that people think they’re going to get this huge amount of money waived on a loan that they have, realistically what most loan modifications are going to look like is extended term, significantly lower interest rate, generally a fixed interest rate for the entire time, and in some cases they will do some principal reduction, and there is some exclusions for people having to pay tax on that, is that correct? Yes, there is, before I get into that keep in mind that with taxes normally not one rule applies to everybody, were going to talk general but everyone’s going to have their own specific situation, that they’re going to have to really check with somebody and make sure they’re doing the …