Before you agree to a joint mortgage, protect yourself and consult with a business or real estate lawyer who can explain your options and outline the risks you face. Obtain legal advice “Contact an attorney to work out what type of entity is going to take title to the property,” says ...
A Modification is the process in which the homeowner makes an agreement to bring the loan up-to-date by placing all arrears back in the loan and making a new payment plan with the lender. Note that if you are fortunate enough to obtain a modification, you must try not to fall behind a...
It acts as a financial safety net, ensuring that when your washing machine or oven faces unexpected malfunctions, the repair expenses don’t become an undue burden. This foresighted approach to insurance planning enhances the overall resilience of your home environment. Investing in a home insuranc...
Cellphones have become just as vital to business as a land line, which makes them an ordinary and necessary business expense. But for most of us, cellphones are also inextricably linked to our personal lives, so it's a deduction that the IRS scrutinizes to make sure personal...
Avoiding Foreclosure Need To Sell? We Pay Cash! When you obtain a loan for a house, you are essentially leasing it until the mortgage is paid off. If you are unable to make your payments, you risk losing your home to your lender. Foreclosure is the legal process in which the lender ...
The first thing an auto-using taxpayer needs to do is determine how they are using their car, said Julian Block, a Larchmont, New York–based tax attorney who is the author of "Tax Deductible Travel and Moving Expenses: How to Take Advantage of Every Tax Break the Law Allows." ...
“We have an extra rigorous disinfecting and cleaning plan in place for our production and shipping staff that are working in our facility,” saysJody Tessler of Rosette Wellness/ Emerald Cup Supply Co. “Luckily, we do not allow outside visitors into our facility even on a normal day, exce...
It is accessed through retractable glass doors, in the living room, that open onto a covered patio overlooking the inviting pool. This area is well-suited for hosting events, featuring an outdoor kitchen and a cabana complete with a wood-burning fireplace. Conveniently positioned in the heart ...
Once you decide homeownership is in your future,getting preapprovedfor a mortgage and engaginga real estate agentmay be among your next steps. They shouldn’t be your first steps, however. Instead, start by taking a look at yourcredit scoreand, if necessary, getting it in shape to be revie...
When an increase in income moves you into a higher tax bracket, you only pay the higher tax rate on the part of your income that falls into that bracket. You don’t pay a higher rate on all of your income. That said, it’s a good idea to see how the extra incom...