Most Americans put paying off their mortgage as a principal financial aim. In some cases, doing so can make sense. It surely saves you cash on your home loan. Nonetheless, in your larger personal economic picture, getting rid of the mortgage may not be the best move. Do some math and think about your time…
Every state has its own laws and procedures to process foreclosures. Six countries use just non-judicial foreclosures, 20 use judicial foreclosures only; while 25 states, including California, use both judicial and non-judicial foreclosures. The most important difference between a non-judicial foreclosure and a judicial one is judicial foreclosures begin at a court of lawenforcement. Non-judicial…
A hold or assert that one person has on the property of another to procure payment of a debt or other obligation is referred to as a lien. Common examples are property tax liens, mechanic's liens, judgment liens and mortgage liens. From the standpoint of the property owner, a lien is an encumbrance on a…
Capital gains taxes operate by taxing income individuals make from the sale of capital assets. If you sell real estate you have, for example, the IRS and state governments will tax the difference between your purchase price–corrected for factors such as advances you't made into the land –along with the sale price. The identical principle…
Paying for homeowners insurance makes some people cringe. Shelling out cash month after month to get an abstract product can feel just like pouring water into the sand. Insured owners living in prime locations such as the Berkeley Hills pay so they can rebuild if disaster strikes. Homeowners insurance might be the best thing you'll…
If a borrower is not able to make monthly payments on a mortgage, the lender or other lending institution has the choice to waive, meaning the mortgage is canceled and a requirement for full payment is made. Since the foreclosure usually means the loss of an asset for the owner (the house) and for the…
On a recent trip to Singapore to attend the World Architecture Festival, I managed to spend a day checking out some of the structure the island town has to offer. The recent structure of this clean, safe and modern town of 5.3 million individuals could be described in a few words: big, extravagant and (increasingly)…
As a well-booked commercial and fine art photographer in Los Angeles, this homeowner is known for having a gifted eye. Nevertheless, when it came to her and her husband’s home in the Hollywood Hills, she left the visual work to Beth Holden and Wolfgang Melian of New Theme Inc.. The pair shot what was arguably…
It’s standard operating procedure to paint your walls a shade while keeping the ceiling white. We’ve been told this makes the room feel bigger and brighter. While there is no doubt a white ceiling will decorate a room, certain ceiling colours can actually make a room appear more expansive. The key to using a daring…
With all the cold weather it’s tempting to gorge on simple carbs and fatty comfort foods. But we should not neglect to consume our veggies and fruits. Here is the time of year when it’s especially important to maintain the produce we want our families to eat in places where it will stay freshest and…