We have successfully represented Mr. F. in in securing his large deposit he made in order to purchase a new car. No proof had been illustrated by the seller to show our client that the car he was purchasing had in fact been ordered by the seller. We wrote a letter of demand to the seller requesting that the seller either provide the proof that the car had been ordered, deliver the car, or return Mr. F.’s $70,000.00 deposit. Our demand letter was sufficient to compel the seller to move forward with the sale of the car. With our help, Mr. F. was able to move forward in his endeavor to purchase a new car.
Archives for November 2011
America Still Land of Opportunity for Investors: Millions of jobs have been lost and unemployment remains stubbornly high at just over nine per cent. Yet talk to the investment managers and financial strategists in their airy New York offices and a very different picture emerges.
America Still Land of Opportunity for Investors: Is it time to invest in America?
Bob Doll, the chief equity strategist at BlackRock and manager of funds including BlackRock US Dynamic, says that relative to other developed markets, the US is faring well.
‘The economy is growing at two per cent a year, more quickly than any thing that you see in Europe,’ he says. ‘Corporate earnings were up 15 per cent in the third quarter of the year. We’re the best house in a bad neighbourhood.’
Clare Hart, executive director at JP Morgan Asset Management and manager of investment fund JPM US Equity Income, says: ‘A significant number of companies are doing well selling into the global market. US companies, bolstered by record profits and significant cash hoards, are increasing their dividends at the fastest pace in seven years.’
Whitney George is co-chief investment officer at Royce & Associates, which specialises in smaller companies and manages Legg Mason US Smaller Companies fund.
He cites natural resources, technology and agriculture as three sectors of the economy that are strong. ‘In middle America, things are good,’ he says. ‘People selling blue jeans to farmers are doing nicely.’
Boyer Law Closes Short Sale Saving Home: A local Jacksonville realtor came to us for our help with Client G who was about to lose their home if they did not close as soon as possible on short sale. As the closing agent and attorney for seller we were able to negotiate with the Bank to extend the closing date and drafted all necessary documents including the HUD for the bank to approve. Once the bank approved the short sale closing, we were ready to close.
Boyer Law Closes Short Sale Saving Home
We closed on the property and the buyer and sellers including the bank were completely satisfied. It is so important to hire a Florida real estate attorney that knows specific laws and regulations in your area, such as Miami, Orlando or Jacksonville. Some of the main advantage points of hiring a real estate attorney is: Ensuring that you receive clear title to your new property; Drafting and explaining to you the appropriate documents; Finalize closing and register the deed in your name.
Did you receive property by way of a gift or through inheritance and you are now looking to sell that piece of property? Are you unsure of what taxes will be assessed or if you need to report anything to the IRS? Do not worry, these are questions that many people have and they are questions for which many do not receive an answer. The simple answer is yes, a report must be made to the IRS. However, it is much more complicated than that.
There are a number of things that you must know about the property before you report and sell. If it was gifted to you, what was the amount of investment put into the property by the person who made the gift to you, how much was the property worth (fair market value) at the time the gift was made, and what gift taxes, if any, were paid on the property. These figures can be difficult to ascertain and keep straight and if the property was inherited, there are different questions that must be asked.
If the property was inherited, then the investment on the property will be deemed to be the fair market value at the date the owner died. However, this rule applies only to property belonging to people that died before or after 2010, different rules will apply to those who died in 2010.
If you have come into possession of property and are asking yourself these questions, it is most likely because you have lost someone near and dear to you. Do not worry yourself and stress yourself out thinking about these questions and rules. Call us at Boyer Law Firm, we will get the information we need from you so that we can worry about the questions you have. It is hard enough to deal with the loss of a loved one, let us deal with the rest.
US Taxpayers Own 248,000 Unoccupied Homes: The government does not want to damage the housing market any further, but it also doesn’t know what to do. The federal government asked the general public for ideas on how to do deal with 248,000 homes that government has taken over along with Freddie Mae and Fannie Mac. The deadline to submit proposals was in mid September of this year. What was the result? The nation is still waiting to find out. At this point, the government is still mulling over several ideas, none of which have been put into action. What is the problem? For starters, the government can’t sell many of the homes right now for a number of reasons. One reason is that there really is not much of a market right now.
Know Why US Taxpayers Own 248,000 Unoccupied Homes
Another reason is that a number of the homes just aren’t livable. In using the term livable, what it means is twofold: the homes are either not up to code and/or the homes are just not in “safe” neighborhoods. This is not to say that the neighbors are bad people, or that they are in rough neighborhoods; there are no neighbors. In certain areas, there are so many homes in neighborhoods that are vacant that once they become vacant, they are vandalized or worse. It’s not much of a neighborhood when there are no neighbors.
So what is the government going to do about it? That remains to be seen. One option the government is exploring is to create a rental partnership with private companies. Doing so will enable the homes to be kept up and eventually sold if and when the housing market returns to a level above where it has been the past few years. There are many questions to be addressed with such decisions. Will the rental or lease agreements be month to month, will those who rent the homes be forced out when the government or private company decide it is time to sell? If the government begins to go down such a road, these are just two of the many questions that need to be addressed. People have already lost their homes, once they begin to rent these homes, there needs to be something in force that can protect their interests so they do not end up without a roof over their heads.