Tax planning for real estate investors: How to take advantage of real 0138853444

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Sold in Oregon Keller Williams Realty Reports Time is Running out for Home Owners to take Advantage of the Mortgage Debt Relief act of 2007

Portland, OR (PRWEB) June 28, 2012

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.

The act gave homeowners relief from the tax responsibility that accompanied forgiven debt or short sales. Often, these taxes would be more than most distressed homeowners could afford.

At the end of 2012, the act will expire and homeowners will miss this once-in-a-lifetime chance to save themselves tens of thousands of dollars while freeing themselves from an unmanageable mortgage.

The clock is ticking, but there is still time to change your financial situation and avoid foreclosure. As a Certified Distressed Property Expert (CDPE), I am uniquely qualified to guide you through your options and help you find the right one for your situation.

Take a look around at our site and read the free reports that are available. Write down any questions you have and then call me today for your free, confidential consultation.

Company Information: Sold in Oregon LLC, Keller Williams Portland Premiere Realty (503) 925-1100. E-mail: info(at), Website:, 17700 SW Upper Boones Ferry Rd. Suite 100 Portland, OR 97224

Advantage of Understanding the Real Estate Law California

Article by Nilsson Cruz

Advantage of Understanding the Real Estate Law California – Law – Intellectual Property

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There are different types of loans to choose such as fixed rate, adjustable rate, balloon payment, negative amortization. Here you need the help of your real estate agent. In CA, you can expect to pay for the following charges, called closing costs at the time of purchase of your home. Assistance program for first time homebuyers. Although many people can afford a mortgage payment and associated costs, the thought of coming up with a substantial down payment often restrict them from buying. Charity organizations and federal institutions are there to assist them. Real estate has long been a lucrative business in California, with which one of the country’s most profitable and appealing foreclosure real estate markets. In high-rolling California, real estate gambling is a way of life and great foreclosure deals are happening around every corner.

You can get information pertaining to real estate auctions, which take place in the state of California, from the local dailies. The auctioneers of California home auctions are required to advertise seized homes according to the real estate law California, in some media before proceeding with the foreclosure auctions. The advertisement would appear in papers twenty days prior to the date of auction. It is mandated to contain information such as venue, time and date of the proposed auction.

Another useful source of finding out about foreclosure auctions and houses on sale in California is the internet. There is a plethora of information on the internet about the housing sector and the various auctions conducted. Government auctions, property auctions, real estate listings auction etc are all detailed out in the websites on the internet. Specifications of foreclosed houses would be given on the websites. Some of the websites even include photographs of the property. Anyways, it is always in better interests to visit the property before making up your mind. Firsthand visits would provide a clear picture about the property and home. The accessories and special improvements that might have been done can be evaluated on visiting it.

But, as critics puts down, taxes on wealth can actually cause inefficiency by discouraging wealth producing economic initiatives. Also, the revenue generated by imposing taxes on wealth may not be that productive as the theory suggests. The wealthiest form only a small percentage of the population and by nature they are adept at avoiding taxes while remaining themselves within the contours of real estate law California.

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Nilsson Cruz has been writing for the Internet for over 4 years. He has shown hundreds of web masters how to use this simple technique to get massive free publicity and dramatically increase traffic and sales. If you need more reading about real estate law california visit my website at .

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Nilsson Cruz has been writing for the Internet for over 4 years. He has shown hundreds of web masters how to use this simple technique to get massive free publicity and dramatically increase traffic and sales. If you need more reading about real estate law california visit my website at .

Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.

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Advantage Credit Counseling Service, Inc. is Now Licensed to Provide Credit Counseling and a Debt Management Program to all Consumers in Wisconsin

Pittsburgh, PA (PRWEB) July 30, 2012

Advantage CCS is proud to make known that they are now licensed and approved by the state of Wisconsin to provide credit counseling services, as well as an exceptional debt management program. Advantage Credit Counseling Service is a reputable non-profit agency that helps consumers by providing free credit counseling, debt management services, financial education classes, bankruptcy classes, and numerous outreach programs. Advantage CCS has been very privileged to be able to aid consumers with their financial setbacks which may include credit card debt, pending foreclosure, or bankruptcy for over 43 years.

Advantage CCS is licensed for credit counseling in the following US states: Alabama, Alaska, Arkansas, California, Florida, Georgia, Hawaii, Kentucky, Louisiana, Massachusetts, Mississippi, Missouri, Montana, Nebraska, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Washington, West Virginia, Wisconsin, and Wyoming.

In a traditional credit counseling session, a certified credit counselor works with the consumer to help them create a realistic budget and if the consumer has a shortfall the counselor can recommend different debt relief options and advice. The highly trained and certified credit counselors at Advantage CCS always provide free and confidential debt counseling advice to help educate the consumer about good money management and the wise use of credit. The agency is extremely proud of their friendly and exceedingly knowledgeable certified credit counselors. The counselors have several mandatory training classes and they also have great resources able to them that are provided by the agency to ensure that every client receives the most reliable and up to date advice possible.

About Advantage CCS –

Advantage CCS has been educating and counseling consumers from all over the United States since 1968. The agency offers financial education workshops, free credit counseling sessions, housing counseling, debt management plans, a new credit report review service, bankruptcy counseling, and bankruptcy education courses. For more information about Advantage or their additional services, class schedules, or educational materials; please visit or call them toll-free at (866) 699-2227.

Advantage CCS is accredited by the Council on Accreditation (COA) and they are proud members of the Better Business Bureau of Western PA with an A+ Rating from the BBB. The agency is currently certified as a comprehensive housing counseling organization by the U.S. Department of Housing and Urban Development (HUD). Advantage CCS is also an honored member of the National Foundation for Credit Counseling (NFCC).

Find More Foreclosures In Massachusetts Press Releases

Borrowers taking advantage of the temporary SBA 504 refinance program with Commercial Loan Direct benefit from better terms and lower rates

Atlanta, GA (PRWEB) April 30, 2012

With the SBA 504 refinance program coming to an end on September 27, 2012, Commercial Loan Direct a business division of CLD Capital, one of the top online originators of commercial loans and apartment loans in the country is seeing more borrowers than ever taking advantage of the higher lending limits and take-out option of the SBA 504 loan program for owner-occupied properties.

Commercial Loan Direct, a business division of Atlantas CLD Capital, is making a call to borrowers with owner-occupied properties that would qualify for SBAs 504 program. They say that now is the time to take advantage of this program, especially for borrowers that have properties that are difficult to refinance through conventional means, before it ends this coming fall.

USES. Proceeds may be used for the refinance of existing commercial loans whose proceeds were used substantially (85%) to acquire fixed assets eligible for the SBA 504 program. In addition, loan proceeds may be used to pay Eligible Business Expenses such as maintenance of building (no expansion to building), equipment purchases, rent, utilities, inventory or other obligations. These expenses must be incurred but not paid prior to the date of the application or come due within 18 months of the date of the application. All proceeds must have been used for the benefit of the small business concern.


50%, varies – Loan secured by a senior lien from a third-party lender for not less than the net 504 loan.

Up to 40% – SBA 504 Loan secured by a junior lien from CP/SBA.


The Third Party loan and the 504 loan combined may not be more than 90% of the fair market value of the fixed assets securing the loan. In no event may it exceed the outstanding principal balance of the debt refinanced, eligible business expenses & closing costs.

COLLATERAL. An independent appraisal supporting the fair market value of the fixed assets being refinanced and any other assets being offered as collateral whether commercial or residential must be submitted at SBA application. The appraisal(s) must be dated within six (6) months of the date of application.

FEES. The Borrower is required to pay an annual guarantee fee to cover the cost of the refinancing program in the amount of 1.043%.


Commercial Loans being refinanced must have been current for the past year according to the original or modified terms, with no payment being past due for more than 30 days. Any modification must have been entered into prior to issuance of SBA final rule on 10/12/11. A transcript must be provided to demonstrate compliance with this requirement. For the refinancing of same institution debt, the transcript of account for the entire period of the loan must be provided. This will be used to determine the overall creditworthiness of the Borrower.

No refinancing where the creditor on the debt to be refinanced is in a position to sustain a loss; causing a shift to SBA of all or a portion of a potential loss from an existing debt.

Debt being refinanced must have been incurred not less than two years prior to the date the application is received by SBA. Additionally, the small business concern must have been in business for two years prior to the submission of the application.

Debt may be refinanced even if it does not meet the job creation requirement or other public policy goals set forth by the SBA. In such case, the 504 loan size may not exceed the amount obtained by multiplying the number of full-time equivalent employees (40 hour work week) of the Borrower by $ 65,000.

Borrower must currently occupy 51% of the building being refinanced.


No refinancing of loans with an existing federal guaranty; such as an SBA 7(a) or 504 loan or an USDA loan.

No refinancing of debt to an Associate of the Borrower, an SBIC, or New Market Ventures Capital Companies (NMVCC).

When the debt being refinanced is same institution debt, the Third Party Loan cannot be sold on the secondary market as part of a pool of guaranteed loans.


All loans approved must be closed within 6-months. Loans will be canceled by SBA if not funded during this time period.

When loan being refinanced is Same Institution Debt, either an escrow account or an interim loan may be used. When loan being refinanced is not Same Institution Debt, an interim loan must be used.

Any delinquency on loans being refinanced after SBA approval but before the loan funding must be reported to the SBA as an adverse change.

Approved under the Small Business Jobs Act of 2010, the SBA 504 Temporary Refinance Program allows for the refinance of qualified debt under the SBA 504 Loan Program through September 27, 2012.

View CLD’s SBA Commercial Interest Rates