Category Archives: Finance General

How to Make Money with Tax Liens from Foreclosures

To make money we need money. Investing in the right manner and the right place at the right time can help in making profits exponentially. Tax liens are one such method. If one has enough money to invest the profits can be very huge. If a person buys a house and does not pay taxes, the government can seize the house and can put it on auction.

Any investor present at the foreclosure can buy it at a dirt cheap price. Another procedure followed is, an investor can lend some money to the house owner so that he can pay the taxes. The owner has to repay the lender in a period of time, failing which the lender becomes the house owner. The lender thus gets the house at an extremely low price.

This house can be sold and a huge profit can be earned through this. Foreclosures are held often in various places and thus, investors can get lots of chances to earn profits.

The benefits of doing a short sale

Short sale refers to the process of clearing debts with the lender with an amount which is generally lower that the mortgage amount and is secured by the real estate holding. The proceeds of the short sale helps the lender to clear his debts to a considerable amount and also benefits him as the entire transaction is fast and without any additional cost which would have to be incurred if the property was being sold by an auction.

The seller of the property benefits as he is able to clear his financial liability on the property well before the foreclosure option which might result in securing less proceeds for him. Thus both the parties gain suitably through the short sale transaction. The investors in such property also gain hugely as they acquire a property at a price which is much lower than the market price of the property and he does not also have to incur costs into rehab or repair of such property.

Bankruptcy Car Loan To Rebuild Credit

The Credit scores of individuals who have filed for bankruptcy is at all time low, but to think that there are no credit facilities available for such people is not correct. There are quite a number of financers who are willing to extend car loans at competitive rates for such people. These companies can be searched on the internet. As the bankruptcy remains on the credit history for several years the general lending markets perceive it to be a risky preposition for business.

There are a lot many companies who are not only willing to advance car loan to the bankrupt customers but also assist them to rebuild their credit performance. The rates of interest offered by such companies may not be low but they are reasonable enough. So once you have discharged your liabilities through bankruptcy process you can still replace your old car and even buy a new one provided you find the right financer for the loan.

Find the Best Compensation Claim Specialist

Accidents are waiting to happen everywhere and to think that they do not have the remote possibility to touch someone is a hope that can be shattered any time without notice. Accidents on road and at workplace are common and more often than not if they happen without the victims fault, the victim is entitled for compensation. But a very common fact to be observed in this case is that most of the compensations do not come up for hearing due to lack of a competent authority to represent them.

Compensation claim specialist is the attorney who specializes in studying such claim processes and represents a claim suitably so as to get the victim compensated adequately. These attorneys can be hired through personal references, internet or local listing bodies but one needs to check his competence regarding knowledge of the subject matter, paperwork, representation and reputation among peers. Before hiring such a specialist it would be wise to check his history as well and also the amount of work he is willing to do to get the claim settled. A good compensation claim specialist should be able to give you an estimate on the basis of his past cases.

Balance of trade and payment

This term is a basis of an individual country’s economic position in respect to the others. Each country exports its surplus products, and likewise imports its deficit materials. The import- export ratio is crucial for getting down the balance of trade. Any discrepancy is equalized through other means like foreign aids or charities, depending on the country’s specific position.

Balance of payment is the sum-total of country’s doings in all manners of payments; secured and unsecured. Both liability and asset sides have to be balanced, and this is again done by aids or risk management.

These balance sheets give a crystal clear position of a country’s standing. Of course, a country will be in green if its exports exceed imports, and vice-versa. Sometimes, due to forging methods and other loopholes, the gap widens, and then the balancing item finds it tough to equalize matters. Exemplary analysts are needed for such balancing acts.

Consolidation of debts

Debt Consolidation is a term that symbolizes shifting hats from one head to another. Many times, people get embroiled in a deep mess of debts and find it hard to emerge. Then, it seems prudent to shirk off an old-standing debt in lieu of a fresh one. This keeps credit history in good books and the debtor relatively easy in mind.

People use the method of securing loans either against assets or other unsecured loans. Sizeable assets come in handy for such operations as they act as good collaterals. This way, there is a considerable reduction in loan rates and the difference is taken as savings.

It is only logical that people will try to consolidate their high-interest debts with bank debts, as their rates are often reasonable. There is also the chance of gaining grace periods citing monetary instability. Banks are even known to give healthy rebates to choice customers who may be on the verge of bankruptcy.

Gap financing

Often, individuals or companies are in need of monetary succor in between termination of a loan and beginning of another. They may also wish to shift to a better locale and need actual money in the interim phase to settle matters. This is when Gap Financing comes to the fore.

Many lenders and commercial operators are interested in leasing out gap financing if they find the borrower credible. Obviously, having a clean record in loan issues does help. Also, if one is able to imprint on the creditor as to the bona fide method in which gap finance is to be invested, he stands a better chance.

It helps if there is a sitting plan in hand to repay gap finance to make a case for further such assistance. One may take help from consultants in this regard, and streamline certain bonds or other fixed assets. Rates of interest should be prime criteria for consideration.

Modern Creative Financing

This term is basically used in real estate. You get to buy property with no very little funds. Creative finance is quite simple. You must first make a budget and detail how much money you need to spend. After making a detailed you should examine the surroundings and ways of making money. For example, if you have a piece of land you sell off the trees as timber. This may not depreciate the value of the property.

You can also sell you collector coins or rare books for tidy profit. You can also sell a car that you rarely use. The list of items that you can sell is endless. Make an advertisement for them in the internet or newspaper for their sale. You can also approach a local financial institution for a loan. In addition, you can sell parts of car that is not running. You can as well look for grants from special programs organizations.

Effective Ways of Getting More Equity in your Home in Less Time


When you own a home, one of the most important things you need to do is build equity. Equity refers to the difference between your home’s current value and the balance you have to pay on your mortgage.One of the most effective ways of building on this equity within a sort time is by ensuring that your initial down payment is higher.

This means that more money is banked on your home.Increase the number of payments you make on the principal amount or add some money on the monthly payments to build your equity. This will help to reduce your debt and with less debt to deal with, the interest rate will also reduce.

Choose a shorter mortgage term if you want to increase your home equity within a short time. With a shorter term, you will be able top pay off the principal faster and this adds your equity.

Beat Back Five Financial Fears and Enhance your Personal Finance


One of the most common ones is the fear of not being able to keep up with friends or family in terms of finances. You need to base your financial decisions on your budget and income and not on the things other people have.
Letting a spouse know about the financial situation you are in can also be a fear for some. It is important to let your partner know because this allows the two of you to rectify the situation together.

The fear of losing everything is also very real and this can happen even among the rich. To deal with this, make appropriate financial plans to cushion you against any risks.
The fear of success is also common and can be effectively dealt with by making adequate plans for each stage.
Taking charge of finances can also make you fearful but this can be solved if you face your money problems directly.