Are you wanting to save your home, but your lender
won’t accept anymore payments? You are not alone.
I just finished helping a homeowner save their home
by doing an “accidental” strategic default. The bank
wouldn’t cooperate AT ALL, so we had to take it into
our own hands, and come back through the back door.
Well, the Republicans caved once again by approving
the 2 month tax cuts. I guess the Republicans are
just really afraid of how the media spins the news.
They just don’t know how to get the real facts and
truth out. The House had approved of a year long
extension with tax cuts and a longer period of time
for unemployment benefits, but lost the game
to O’bama and the Democrats in the Senate.
Even the new Senate Republicans couldn’t
dare bare the O’bama spin. It’s too bad,
because no business can operate effectively
and efficiently with this short sited
Congress and Administration. This is
going to continue for the next year as
we head into the election of 2012.
The end result is that the workers in the
private sector will again lose more jobs to
this already poor economy. However, that
is the grand scheme — get everybody to
work in the public sector with guaranteed
secure high wages and benefits at least for
the time being. However, like Rome and Greece,
America will fall when the printing of fiat
money ceases or the dollar has no value.
Back to reality, taxes are coming due.
Families should be happy to know that
the tax exemption for each dependent is $3,650 per dependent. I am sure that
each household is growing as unemployment
continues to rise. To collect the
exemption all one needs is a Social
Security number or ITIN. There are a few
more rules:
Qualifying Child:
1. Relationship Test
2. Age Test – less than 19 yrs of age at the end of the year
or less than 24 yrs of age if a full-time student
3. Residency Test – lived with you more than 1/2 the year
4. Provide more than half the support
5. Be entitled to claim your qualifying child
6. Child not filing a joint return unless for a refund
Qualifying Relative:
1. Not a qualifying child or child of any other taxpayer.
2. Be related to you if not living with you all year
(Can’t be your cousin); or be amember of household for
all year.
3. Person’s gross income less than $3,650
4. You provide more than half of the person’s total support.
Call 1.800.826.1929 for Tax Preparation
Serving especially the Greater Grand Rapids Area
Remember the words: No taxation without representation. We fought
for our liberty and gained independence from England over taxation.
Today we are taxed without even knowing it through various fees, charges
& inflation. You would be surprised at how much a gallon of gasoline is
taxed. This got me to wonder when the first tax was imposed on the
American public.
United States has always collected taxes through tarriffs and excise
taxes. The first statutes imposing a tax on U.S. citizenry occurred
in 1861 and 1862 to pay for the Civil War. The top rate was 5%.
In 1872, Congress imposed the income tax onto the states according
to the census. In 1913, the 16th Amendment became part of the
Constitution and levied a 1% tax on net personal incomes over
$3,000, with a 6% surtax on incomes over $500,000.
We complain about high taxes, but back in 1918 the top rate
was 77% on income over 1 million dollars to finance World War I.
During the Great Depression the top marginal tax was 63%.
Shockingly, Franklin D Roosevelt wanted to impose a 100% tax on
all incomes over $25,000. He didn’t get his way, but in 1952 & 1953
that top rate was 92%. By 1964, the tax rate began dropping to 77%,
then 70%, and finally by 1982 dropped to 50%. Ronald Reagan’s
campaign was based on his anger of having to pay 50% of what he
earned to the Federal Government.
In 1993, Clinton increased the top marginal rate to 39.6% and George
W. Bush dropped it in steps to 35%. Remember, Bush senior lost his
reelection since he raised taxes when he had promised, “Read my lips,
no new taxes.” On December 17, 2010, President O’bama extended
the existing tax cuts for families of all income levels for two years.
Today, Congress is deadlocked into whether to raise taxes by taxing only
the rich and/or just keep the existing payroll tax cuts for wage earners.
All I know is that we and our future generation will be paying more
in taxes since Congress has been spending us into oblivion (trillions
of dollars in debt), and the Socialist/Marxist Regime is bent
on redistributing and spreading the wealth around. Many economists
think it is just a matter of time before the dollar implodes.
In any event, it doesn’t matter what the tax rate will become, because
whether we like it or not hyperinflation is about to knock on every
American’s door. Have you noticed your grocery budget lately? I
spent $45.00 for half a sack of groceries. That’s the grand design
– Bernacke and the Federal Reserve is inflating the dollar without
a single vote or what one might say “Taxation without Representation.”
That’s why the tea parties and occupiers — we’re all waking-up
and becoming angry Ugly Americans. The election cannot come soon
enough! We need to clean house.
IRS Taxes
Need Your Taxes Filed? Call 1.800.826.1929
Ask about Cash In A Flash
Serving the Greater Grand Rapids Area
How to Reduce Your Principal Balance and Stop Foreclosure?
In today’s real estate market many homeowners are facing difficult
challenges. They are either “upside down” and owe more than what
their home is worth, are having a hard time making timely monthly
mortgage payments, or maybe even facing foreclosure.
If one is facing any of these stressful situations, one can
probably save his/her home if he/she is informed, has some resources,
and is motivated. There are several options available.
Currently, homeowners are beginning to realize that the HOPE
Program is just not working for the majority of individuals.
The loan modification program has been a dismal failure for most
folks, because the lenders are really not interested in helping the
homeowner. It is voluntary and the banks simply don’t want to
participate. They string people along, take the stimulus money for
temporary loan modifications, but in the end they tell
the homeowner that they do not qualify for a permanent loan modification.
The two best options are the Forensic Loan Modification and the Principal Reduction Program. The forensic audit shows the errors,
omissions, and possible fraud on the current mortgage held by the
homeowner. With the forensic audit in-hand, the homeowner’s attorney
will negotiate with the bank’s legal department. The homeowner has
the upper hand, because the current mortgage is unenforceable if any
type of problem is found. The forensic audit (document) forces the lender
to come to the “table.”
The Principal Reduction Program has the ability to keep one in his or her
home and reduce the current loan balance to 95% of today’s current
market value. Here is how it works:
1. The mortgage note will be negotiated along with other
homeowners’ notes issued by their lender.
2. A price is negotiated for an investor to pay them
off for all cash, at a deep discont to the current market
value.
3. Once the note is paid off, the terms of one’s note is rewritten
based on 95% of one’s home’s current market value eliminating any
“negative equity” and actually gives one 5% instant equity!
4. The new interest rate is fixed and usually quite low.
To qualify, it does not matter if there was a bankruptcy or one just has
bad credit. The homeowner does need to be able to support the new mortgage payment.
So one needs to have some kind of income or job. The individual must
also have debt to incomre ratios of 50% or less. The investors or the
hedge funds who buy these notes and do the principal reductions may also have
some other qualifiers to lessen risk.
If interested in a Forensic Loan Modification or the Principal Reduction
Program, call Foreclosure Prevention Institute, LLC today at 1.800.826.1929.
Ask for Dave Brigle. He will freely discuss your options according to your situation.
For more information also visit http://ForeclosurePreventionInstitute.com.
Services offered are:
Debt Settlement
Commercial and Residential Loan Modification
Mortgage Lending
Tax Settlement Services
Short Sale Solutions
Property Management
Referrals to Attorneys
Purchase/Refinance
And Other Loss Mitigation Services
Foreclosure Prevention Institute has 30+ years experience in the foreclosure
and real estate industry. It is rated with the BB of Michigan. Get relief and
get some balance in your life by calling 1.800.826.1929.
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017Fax 269.962.2053
1.800.826.1929 brigle@appraisaloffice.biz
Foreclosure Prevention Institute, LLC - Relieve Your Stress
Usually I write about how one can obtain a loan modification, but with all the stress in this economy I have turned inward to educating myself on how to improve one’s health. I am a teacher, and the Michigan legislature is about to slash my healthcare if President O’bama doesn’t do it first. If there is no reform with healthcare, I still am endangered in losing my cadillac insurance since premiums will probably start climbing and will be out of my reach once I retire if not sooner. Many of my friends in the private sector have no health insurance. I view insurance as being needed when one is injured or contracts a serious illness, but not for example using it to cover the common cold or for regular health check-ups.
Having awakened from this insane economic nightmare and heated discussion on healthcare, I no longer laugh at my friends who are into the health foods for nutrition and to treat their ailments. As of today, I am in charge of my own health. It disgusts me that I have let my body go — heck I cannot even touch my toes…but that is about to change. I have watched two teachers and my own husband recover from some serious health problems. They also loss weight in the process which is also encouraging for my situation. My doctor told me that I needed to lose weight. If I don’t watch-out, I could become one of the “biggest losers.” It’s amazing how the pounds creep on over the years. Anyway, like the tea parties, people are being informed and told not by their doctors, but by the health food nutritionists that the secret to improving one’s health and to eradicating cardiovascular disease(s) involves the taking of vitamins.
This week I attended a meeting on high blood pressure and the question posed was, “Why don’t animals get heart attacks?” In a nutshell, it is because animals produce Vitamin C which protects their blood vessel walls. People don’t and over the years people become deficient in vitamins such as Vitamin C. Processed foods and the depletion of minerals and vitamins in our food source have contributed to the largest epidemic ever — cardiovascular disease. Remember, when you read in your history books about sailors who sailed across the oceans and died of Scurvy? This was due to a vitamin C deficiency — they, in effect, internally bled to death. Heart attacks and strokes are not actually diseases, but are caused by chronic vitamin deficiencies. Thus, if you eat right and supplement your diet with vitamins especially Vitamin C, you will prevent a disabling heart attack or stroke. Amazing isn’t it? You can reverse coronary artery disease cheaply and naturally.
Think about this — Why is the government so bent on getting into the healthcare business? It is big business; and like the banking industry and the oil cartels, the pharmaceutical companies generate billions of dollars. On the whole, conventional medicine treats the symptoms, but usually doesn’t address the underlying cause or problem. We like quick fixes, and the doctors profit by pushing all sorts of drugs. Look at all the ads for lowering cholesterol! Do these drugs prevent heart attacks and strokes? The answer is a resounding no. Ever read or listen to all the side effects of these drugs? Why in the world would anyone want to take these drugs? We have been brain-washed. Many people who read this article will scoff at this just like one of the men in the audience did during my healthcare meeting. If you want a good reference book, get the book Why Animals Don’t Get Heart Attacks .. But People Do! by Dr. Matthias Rath, M.D.. He is a doctor, not me. I leave you with one other bit of information, like anything else, taking vitamins and nutritional supplements requires knowing how much and which are the best ones to take. A synergetic balance is needed and is probably best monitorred by consulting a doctor or professional. My husband immediately threw out all of his drugs and in effect fired his doctor, but I don’t suggest that. It will take several months to regain your health and during this time your body will be in a transitional state.
P.S. God gave us plants and herbs to heal us.
P.P.S. Call 1.800.826.1929 for more information on relieving stress and improving health.
As promised to my friends and colleagues, I am writing about what I learned about
regaining health to overcome cardiovascular diseases such as high blood pressure,
heart attacks and strokes from a meeting that I attended in Portage, MI. Much of this
information comes from Matthias Rath, M.D., a German medical doctor who has been
on the scientific cutting edge approach regarding cellular health.
Dr. Rath promotes health through the natural control of a vitamin program to halt
and actually reverse existing coronary artery deposits. As a precursor and reminder,
it is known and accepted that the body can heal itself at the cellular level if given the proper vitamins and
nutrients. Conventional American medical treaments involving medicines/drugs tend to treat organs
(eg. cardiology, gynecology, pulmonology,urology, orthpedics, and etc.) and symptoms. It has been well-
established that European countries whose vitamin intake is highfinds heart
disease rare. Thomas Edison years ago thought medical research would be directed
toward plants, vitamins and minerals at the cellular level for modern miracles and cures, but a
complete different direction occurred. Why, because one can’t patent vitamins per se.
Heck this is the 21st century, and our government and medical community (the best
in the world and of such high tech) is operating, in my opinion, in the dark ages.
If you want to talk about real healthcare reform, let’s start at the prevention level.
I don’t want to control what people can and cannot eat, but the green police may
have it right. I do apologize to a past administrator or boss of mine who wanted to
implement a wellness program. When I was President of my teacher’s association he
asked our Association if we would particpate in a wellness program to help control
healthcare costs. Unfortunately and against my “gut” feeling, I said ”No,” due to
having to follow directives given to me from top union chiefs.
For natural control, Dr. Rath lists about 30 basic vitamins, minerals, trace elements and
other cellular nutrients. At this particular meeting, the following 4 essential nutrients
for optimum cellular performance and health were presented:
Vitamin C – stabilizes the artery walls
Magnesium
L-Proline and L-Lysine – supports collagen production,stability of the artery wall and reversal of plaques
Other trace elements
Vitamin C was the critical ingredient for healthy arteries. Veternarians will tell you
that animals naturally produce Vitamin C, but people don’t. Since we don’t produce
Vitamin C, we must get Vitamin C and other vitamins through our food source of plants,
fruits, and cereal. However, within the last century our foods, eating habits, and diet
are vitamin deficient due to food processing, chemical preservatives, long term storage
(eg. picking fruits green), and overcooking or nuking our foods. Even our soil is vitamin
deficient, and contains many herbicides and pesticides. Chronic Vitamin C
deficiency impairs heart and blood vessel wall functions which contributes to high blood pressure,
atherosclerotic deposits, irregular heartbeat, and heart failure (shortness of
breath, edema, and severe fatigue). Without Vitamin C, our blood vessels
weaken and crack. Our liver does not produce the needed proteins to absorb
plague and to repair the cracks; and to detoxify all of the toxic substances in our
environment.
Interestingly, not only are we deficient in vitamins from our diet, but also our life-style
is a contributing factor too. Think about how stressed-out you are today? Stress and
the taking of aspirin for headaches depletes Vitamin C. Doctors actually tell people who
are at-risk of heart disease or stroke to take a baby aspirin. It thins the blood, but at
what expense? Vitamin deficiency is the root cause of Heart Failure.
Almost all prescriptive drugs lead to a gradual depletion of vitamins and other
essential nutrients needed for the body at the cellular and molecular level. Millions
of adults are now taking cholesterol-lowering drugs in the statin category. The naturally
produced coenzyme Q-10 is decreased and as a consequence one could experience
life-threatening cardiovascular complications. The problem is weakened blood vessel
walls. Cholesterol does not treat this core problem. Also on a side note, without cholesterol
our brain deterioates and is compromised. I wonder if there is a direct correlation between the rise
of Alzheimers and the taking of cholesterol drugs? In 1996, the Journal of the American Medical
Journal published an article that discussed research that proved that most of the lowering cholesterol
drugs caused cancer in animals at a prescriptive strength taken by humans. Yet, why is it that
the pharmaceutical companies still manufacture and dispense these drugs to doctors across
the nation; and when it is not cholesterol but vitamin deficiency that causes cardiovascular
disease?
Smoking is really bad for your health. Smoking contains free radicals. Our body attacks
these free radicals with anti-oxidants. So the anti-oxidant Vitamin C is the first to go.
Thus, the smoker’s blood vessels and organs including the heart are in effect rusted and damaged.
My neighbor across the street at the age of 53 had a sudden massive heart attack and died.
He was a heavy smoker!
If you are serious about regaining or maintaining good health, then your focus and
education needs to be directed towards vitamins, minerals, trace elements
and other cellular nutrients. Dr. Rath suggests eating a diet containing plants rich in
vitamins and fiber. Exercise regularly and watch your weight. Avoid sweetened foods and
foods high in fat. Be sure to take Vitamin C. I, personally, am starting on a vitamin program
and did give up drinking coca cola for Lent and maybe for the rest of my life. It was hard going
from about 3 cokes a day to drinking water. Ice and lemon helps. The vitamins helped to stop my
craving for coke and keep me energized. Every morning I try to drink a glass of orange juice and
take a Vitamin C pill (1000 mg). The recommended dosage I believe is between 600 mg and 3000 mg
of Vitamin C. In the European study, the controlled group took 300 mg of Vitamin C and in women
reduced their risk of heart disease by 40% and for men by 50%. The American diet usually contains
50 mg of Vitamin C. An apple or perhaps an orange or more a day can certainly keep the doctor away.
Reference: Why Animals Don’t Get Heart Attacks … But People Do! by Dr. Matthias Rath, M.D., 5th edition 2009 and published by Dr. Rath Health Food Foundation.
Note: I paid $5.00 for this book at the meeting, so this is a bargain and worth every cent!
In Michigan, gas prices today for unleaded gas is
$2.70 to $2.80 per gallon depending upon the location of the gasoline station. We
expect it to be around $3.00 by summer. It only stands to reason then that you
should be maximizing the usage of your vehicle to and from work.
To accomplish this task of maximum usage and to save your hard earned dollars
something like a Ford 150 would probably do the job. However by 2012, Cap and
Trade and the Car Czar will have defined and categorized the work horse, the Ford 150,
as a clunker and if nothing else will have banned this vehicle from the chuck-holed roads
since it could not meet the weight and minimal gas milage standards as set by the Green Team.
Then what in the heck is a family or business to do in
terms of hauling people and goods around?
No fear, a government motors car or at least a light weight 2 or 4 wheeled chaise will do. Oh,
and if you happen to still drive a Toyota, be sure to have your accelerator checked before hauling
your precious load.
As a courtesy, you may request by mail (but expect no Saturday service) or just go online to the
Commerce and Transportation Department to obtain the manual for all of the new Government
Maximum Usage Standards. The Car Czar has set very reasonable standards and measures.
Through sheer grit and determination you must and you will meet maximum usuage as allowed and as
demonstrated below:
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Michigan’s Attorney General Mike Cox joined Florida’s lawsuit regarding
the constitutionality of the new legislative Healthcare Bill. Now, he took
immediate action so that the State of Michigan could be one of the many states
to sue over this huge unconstitutional massive healthcare reform. Although,
the United States House of Representatives contends that they have the power
to legislate mandates under the Commerce Law, Attorney General
Mike Cox says, “No.” In layman terms, the Commerce Department in doing
business does not have the authority to mandate that one has to buy
anything or be penalized as the new health law demands. If that was the case,
then why not tell someone to exercise 1 hour a day or else not be allowed to eat
and then fined to boot. After all, it is for your own good and the “common good.”
What is interesting is that Gov. Jennifer Granholm is a lame duck
and happens to be a Democrat. She wants and likes the Healthcare
Bill and probably having people exercise 1 hour a day. She even set
aside a Vegetarian Day last Monday, March 23. 2010. She wants you
to eat healthy. So consequently, she is extremely agitated and
upset that Mike Cox would have the State of Michigan included in
Florida’s lawsuit. Thus, she has ordered and mandated that the Attorney
General, Michael Cox, repeal his act so as not to include the State of Michigan in
any type of lawsuit. She loves President O’bama and his liberal and
radical ideas. After all, he saved Government Motors of Detroit, Michigan.
Employment in Michigan is at 14.2% the lowest it has been in two years.
Flint, Michigan has an unemployment rate of 36%. Since there are no
jobs or revenue in Michigan, Flint and Detroit are plowing down all the foreclosed homes to provide for more farmland so she can create jobs in the
agricultural industry. President O’bama likes American citizens to be beggars
and peasants. Just ask the farmers in California. They gave up their livelihood
to save a minnow. Michigan does have a lot of fresh water lakes and we do
like our minnows. Aside, from that, the City of Grand Rapids is proposing a fine
Farmer’s Market with some nice cafes. This market will create 1,500 new jobs
Jennifer Granholm might even snag Google’s high speed Internet Service for
her Medical Mile.
Anyway, Governor Granholm wants Michael Cox to know that, he, as
an individual has the right to sue for injury, but he can’t do it for the
rest of us who are living in the State of Michigan. We won’t be able to
change this mandate until Christmas. So, in the meantime, come and visit our
Great State of Michigan and bring your coat and hat. The wind turbines are being
installed on our Lake Michigan shores and they do generate a lot of wind and rough
water. It will be good sailing and fishing. Minnows and worms will be in abundant
supply.
P.S. If you want to stop Foreclosure, call 1.800.826.1929 or
Last Friday’s (March 26th) announcement, of more and broader
intervention in the housing mortgage market, will most likely result
in a deeper, longer, and more painful delay in the inevitable decline
in housing prices that are necessary to correct and clear the market.
According to the Obama administration, as stated in the New York Times, the “broad new initiatives” will help troubled
homeowners to refinance their existing mortgages with more
favorable affordable ones provided directly by the government.
Part of the new program is “meant to temporarily reduce the
payments of [those] borrowers who are unemployed [but are]
seeking a job.” In addition, the enhancements include inducement
to “encourage lenders to write down the value of loans [already]
held by borrowers in modification programs.”
This program is supposed to not only focus on lowering interest rates,
but also include principal reduction. Principal reduction is getting
pretty popular. In fact, the country’s biggest bank, Bank of America,
just announced that it would “forgive principal balances over a period
of years on an initial 45,000 troubled loans.”
However, this temporary relief covers 3 months. In Michigan, it is
taking almost 1 year to find a new job. People may have a 3 to 6
month reserve, but not many people can survive a full year of unemployment.
So, in reality, this will help very few people. It is also a voluntary program
so lenders do not have to participate.
In order for the housing market to turn around, the market has to adjust
naturally for supply and demand. It is estimated that 1 out of 5 mortgages
are in distressed. There are about 17 million homes that are vacant.
Foreclosures have risen by 9%. The potential of resets of Alt-A and Option
ARM mortgages in 2011 and 2012, will add additional pressure on prices.
In other words, we have not hit bottom.
The construction industry will not see significant improvement until the
supply of homes dissipates. Simply put, we overbuilt and the market
is now having to correct itself. However, all of these government bailouts
such as HAMP (the Home Affordable Modification Program), is just
prolonging and hampering the market. Capitalism does work if allowed.
Housing prices have to lower and be adjusted to family incomes and
demographics. Workers’ gross income has significantly dropped within
the last year.
Middle income workers and the housing market in recent recessions
helped pulled the economy out, but not this time. With the inevitable
devaluing of the dollar, higher taxes, higher energy costs, and inflation
it will be twenty years or more before we recover. The average American
will not have any extra change to spend. The O’bama Administration and
democratic policies have simply dug us a huge hole that will be hard to climb
out of or fill. America’s foundations are crumbling and so new housing and
construction jobs will be very slow in coming.
If you are a homeowner who is interested in obtaining or needing relief
through a loan modification and/or principal reduction and want to force the
lender to the table, then you need a forensic audit of your mortgage. A forensic
audit will look for inaccuracies, fraud, truth in lending practices, omissions of
documents, and etc. within your current closing documents and appraisals. Almost
any disparency will trigger negotiations with the lender’s legal department since
the mortgage is deemed unenforceable. Foreclosure Prevention Institute, LLC will evaluate your situation for free and provide you with a strategy and solution
that best fits your needs. All you need to do is pick-up the phone and call their
hotline 1.800.826.1929 or visit their website at http://www.ForeclosurePreventionInstitute.com.
Save America by Stopping Foreclosure
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017
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Foreclosure Prevention Institute, LLC - Relieve Your Stress
Today, I went out for breakfast. While eating my eggs-over-easy and
sipping orange juice, I was reading the Detroit News
and ran across an article about all of the service problems Medicare
Clients are experiencing.
This conjured up a picture of me having to stand in line and
trying to talk to an administrator behind a glass window about
my health situation. Thinking about this is driving me bonkers or even worse
having to leave a message via the phone praying that some governmental agent
will call me back about my health problem is driving me crazy.
That’s exactly what happens when you are in the Medicare system trying
to get food stamps or assistance. Eventually, you do get to stand and talk to a
caseworker and if you are lucky you may get a home visit.
In Michigan, when one needs government help you apply by
submitting paperwork. Currently, the system especially in Detroit is
swamped with people needing financial assistance. The government
caseworkers went from about 300 client assignments to over 700
client assignments.
Consequently, this has overloaded the workers
and the computer program. Applications and phone calls are being
dropped from the computers due to overload. Also, since the government workers
are unable to process the paperwork in a timely fashion, old applications
are automatically dropped from the computer. So guess what? The
applicants, after waiting with no response, learn that Medicare has no record
of any communication and must resubmit their paperwork due
to no fault of theirs — it’s all just a computer glitch. The nightmare starts again.
The State of Michigan has been trying to fix the problem since last July,
2009 and now its April, 2010. So my question is how and the heck is the
government going to handle every American’s healthcare needs and issues
when they can’t even handle Medicare? You will probably die first even though
most caseworkers are very nice. Admittedly, they are terribly overworked like
everyone else these days. However, due to cost cutting measures and
rationing the Government is doing their very best to serve the public with
the scare resources that they have. Now, if you are willing to pay higher taxes
then maybe more caseworkers can be hired. Still, take a number.
VS
Now I would like to direct you to an experience I had today with a
small private business. I had a plumbing situation. My computer tech and I
were helping a widow across the street from where I live with leaky faucets.
Every time she turned on the water to wash her clothes, water would squirt
out due to broken seals. I doubt if these faucet handles had ever been fixed
in the last 100 years or more.
The handles were caked with mineral deposits. With a pipe wrench we
took off the faucet handles and took them to Godwin Hardware and Plumbing on Division in
Grand Rapids, MI. We went up to the counter in the plumbing supply department and this
gentleman took the hardware and proceeded to take off the screws and then used a wire
brush machine to scour the handles and hardware.
Soon two more employees came up after helping other customers and proceeded
to work on the other faucet handle. They talked back and forth and said that our faucet
hardware were brass and antiques. They then put the handles into a solution to rid of the
remaining mineral deposits. After soaking, the handles, the brass fittings were polished and
now shone as if they were brand new. All the fittings and washers were replaced. There
was great conversation between us. It took about 45 minutes in all.
Personally, I thought we were just going to have to buy brand new handles and
hardware for about $30 or more, but no sir, just a wonderful experience with a surprising
outcome. The charge — $5.00 for 45 minutes of work.
Now, why would these guys do all of this for what I thought to be “ugly faucet
handles.” All of the employees were probably over the age of 50 and may have served
in the armed services, because their work ethic was impeccable, and they showed genuine
interest in our problem. Perhaps, they have been in business for themselves at some
point in time of their lives or just proud of their occupation or appreciative of having
a job and working in this economy. I don’t know, but I do know they answered all
in-coming calls and promptly set appointments. I, also, know that they want new
and repeat customers.
The store, in general, is well supplied, and if they don’t have it nobody does.
I know Godwin Hardware has been in business for a long time –at least the last
25 years that I have lived in Grand Rapids. Their service is professional, great,
and reliable and that explains why they have been in business for so long. Do you
think they would be in business if their computers were messed up for months on
end, and they did not have enough staff to service their community in a timely
fashion?
I ask you, when you have a plumbing problem where will you go? Will you
choose a private business or a governmental agency? I choose private! I just
hope Godwin’s Hardware is not put out of business due to the new governmental
regulations involving small businesses having to purchase health insurance for all
of their employees.
Dave Brigle, Managing Member
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017
956 Innes St NE
Grand Rapids, MI 49503
1.800.826.1929
The American Dream for many is to own your own home.
I have a friend that said,”Why should you buy a home, when taxes alone can steal
your home?” I had to ponder that thought, and say maybe he is more right than most.
Dave Ramsey preaches for homeowners to pay-off their homes and live like no other.
I think may be the government even has Dave Ramsey fooled.
For example, you have heard of imminent domain? This is when the government
comes in and forces you out when your property is deemed needed not in the best
”use.” Often times, one’s property is considered in the way of progress (needed for
a highway, shopping mall, or corporate/governmental offices etc.). In the City of
Grand Rapids not too many years ago, I remember a man who had refused to sell
his house to city developers, because it was his homestead. He had lived there his
whole life. Being a somewhat conservative town, the City of Grand Rapids in the end
decided to leave the old man alone, but did pave a parking lot around his whole house.
I speculate, though, that they raised his taxes to accomodate the change in zoning
from residential to commercial. When he died they razed his home.
Years ago, I, too, remember a neighbor who owned a cottage on Higgins Lake who every year
complained about his taxes. His taxes on his lake front property would double or triple due
to property assessments and/or increases in school millage. He would try and fight the
increases, or just kick and whine to his neighbors. He believed that the school district had
over reached its boundary by taxing Lake Front Property at higher rates than the town
itself. He was probably ahead of his time, but being a staunch Republican saw it as a matter
of redistribution of the wealth. Later on, Michigan passed the Headley amendment. Schools
were to be funded through the lottery. Charter schools also popped up to cut costs, because
by law they don’t have to follow the same funding rules as the public schools.
Today, I believe that we all may be taxed out of our homes. In the wind, I hear of a
National Tax to help pay for this huge deficit spending, new taxes on energy (Cap and Tax),
taxing without representation on anything considered a public safety issue, higher property
taxes, and health insurance taxes. What happens when retirees on fixed incomes cannot
pay all of these taxes? Further, what happens when social security goes bust? Forget
pensions, and due to the high unemployment rates many people’s savings have all been
depleted.
How many of you have received a ticket lately while driving your automobile? My husband
got a ticket, while driving, for having his right rear tire “touch” the solid white line near the
shoulder of the road. The policeman shouted at him for not driving in the center of the lane,
but did say he could fight the ticket. It was a windy day. The ticket itself cost $40, but other
fees and city taxes attached drove the cost of the ticket up to $181.00. We, the public, are told
that the police do not have a quota but, on the other hand, if they don’t get enough revenue
coming in they will be losing their jobs. Oh, and don’t try to fight the ticket, because the
judges pay is also tied directly to these tickets. The point is that you don’t even know that
you are being taxed. How creative can these politicians and public officials get?
Let’s now look at foreclosures. There are about 130 million homes in America. Did you know
that about twenty-six million homes are in preforeclosure, foreclosure or upside down. All of these
foreclosures are affecting even innocent homeowners who have faithfully been paying down on
their mortgages. Their homes have plunged in value, but the assessed values have not dropped
to any considerable amount. It is interesting too that several States are demanding that the
Lenders who have foreclosed on the properties take care of the lawns and make all repairs needed
before renting or selling the homes. That’s probably good, but the lenders are instead deciding
to just walk away from all of these vacant properties.
What is a city or state to do with all of these vacant homes? If you think in terms of the big
picture and the grand scale of socialism, the government doesn’t believe in private property.
Either the homes can be bull dozed down and made into parks, or the homes can be changed into
Section 8 homes. The government will just give these homes to low income people with rent subsidies.
However, Los Angeles and New York City have run out of section 8 money, because they are bankrupt.
So, I guess everyone will be living on the street in the near future. The government wants your home
and all of your money. If they could tax the air you breathe they would. No joke. Maybe, I will
invest in tents.
Wake up America and smell the coffee! It is not that your taxed to death, it’s that you are now
taxed before you are born and have no means of truly owning your own home or castle. This system
is corrupt and at any minute the government can and will raise your taxes to tax you out of your home.
We are all to be renters and beggars. Now if you are facing foreclosure or upside down in your home
and do want to save your home, call Dave today at 800.826.1929 to discuss
your situation and find a real solution. Dave will also help anyone who wants to delay foreclosure or
who wants to just walk-away. If you do it the right way, you can save a lot of your hard-earned money.
The government has no end to its parameters on how to tax you
and businesses in general. It’s next huge reach is figuring out how to
control and tax Web traffic and Internet Service Companies. At this time,
the Federal Communications Commission has very limited power over Web traffic.
They lost a federal appelas court ruling against Comcast. Comcast is able to block
or slow specific sites. The FCC wants web users to have equal access to all content.
In essence, the powers to be want all Internet content to be treated equally by network providers,
and are looking to reclassify broadband service as a sort of basic utility just like telephone service.
Thus, Internet Service Companies would have to be pay the government for bandwidth. As a result,
Internet businesses and the we, the consumer, would have to pay the government various charges
like service fees, access charges, surcharges, and Federal and State taxes. The Internet Service
Companies too would have smaller profits while the government fills its pockets.
At this time, Internet providers are able to decide what services they offer and at what price.
So, web servers are able to design faster delivery services; and can determine the charges
for delivering the content faster such as with popular sites such as You Tube. You Tube under
the government plan would become bottlenecked, and probably financially out-of-reach for viewing
by many consumers.
The Internet is supposed to be a free “spirit,” but who knows for how long as the United States
grows closer to a dictatorship by Obama “The Ruler.” If we are able to hold-out until next
November elections, perhaps the Republicans can grow in numbers within the legislative body
to oppose giving the FCC agency and any czars more power to control society, the Internet and
the freedom of speech and expression. The Internet must not be controlled anymore than
the radio talk show hosts. We certainly don’t want to become the next China.
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Obtaining a Mortgage Principal Balance Reduction is easy if you are
upside down in your mortgage (owe more than your house is worth).
A Principal Balance Reduction Program is like a refi. It is better than
a loan modification or forbearance agreement. Your mortgage note
is renegotiated or restructured to lower your rate, terms and principal
balance. One qualifies regardless of credit and length of years on the
job. All we need is verifiable income to support the new mortgage
payment. Call Foreclosure Prevention Institute today at 800.826.1929
for more information or fill-out the form below to stop foreclosure and
repair your credit by once again making affordable monthly mortgage payments.
This is a popular program and will not last for long so call now 800.826.1929.
The final Divorce Degree will usually give the house to one of the parties
with the provision that the house be sold or refinanced so that the other
party is no longer responsible for the debt. If the house is upside down,
how can it possibly be sold or refinanced in the typical way? You can take
advantage of this unique situation; refinance your upside down house through
our Principal Mortgage Balance Reduction Program.
Let us assume that you have a $200,000 mortgage with a $2,000 mortgage
payment and the house has market value of $100,000, if you like, plug in your
own numbers. In this example you are upside down $100,000 which is costing
you $1,000/mo in wasted payment. Your lender is worried that you will
“walk away” from the mortgage and your Ex is worried about their “credit”.
As you know your Ex is going to try and saddle you with all the credit card
debt as well. Let’s assume you have $30,000 in unsecured debt. You can
pay this off through a Debt Settlement at $.50 on the dollar. Think about it,
with a Principal Mortgage Balance Reduction and a Debt Settlement you are
quickly putting the divorce behind you and becoming debt free.
A word of caution, do NOT let your Ex know what you are doing. You know
the Ex, that $100,000 you are saving on the mortgage reduction will become
$50,000 that you owe them and the debt settlement will become $15,000,
trust me, that’s how they think. I would not even tell my attorney what I am
doing.
Without any obligation on your part you can check this strategy out by calling
Dave Brigle 800-826-1929 or visit http://ForeclosurePreventionInstitute.com .
Dave Brigle is the Managing Member of Foreclosure Prevention Institute LLC
Watch Video below to learn the 5 leading mortgage programs to stopping foreclosure or
saving one’s credit from foreclosure. A brand new Principal Balance Mortgage Reduction
Program is now available:
Call Today! 800 826-1929 and start saving money immediately!!!
Today, the SEC charged giant investment bank Goldman Sachs with more than $1 billion worth of securities fraud for its dealings in the subprime mortgage market.
Ironically, at the same time the SEC is seeking justice for Goldman’s alleged victims, President Obama and Senate Banking Committee Chairman Chris Dodd (D-Conn.) are pushing a bill would reward the firm with potentially billions of dollars by instituting a so-called “resolution authority” that would, in practice, be a permanent bailout fund.
Supporters of Dodd’s bill maintain that it does not create bailouts because the failing firm’s shareholders would be wiped out and its managers would be fired. But what they don’t say is that the money from the $50 billion resolution fund would be used to frequently give creditors of this firm a better deal than they would have in bankruptcy.
Recall that during the financial implosion of late 2008, Goldman was not bailed out directly by taxpayers, but instead received tax dollars as a creditor of AIG. Goldman received $12.9 billion in the “backdoor bailout” of AIG because of the credit default swaps it owned that AIG had insured. Goldman and other of AIG’s counterparties were paid by the government 100 cents on the dollar in this bailout, whereas creditors in bankruptcy court often get less than 50 cents on the dollar.
So as American Enterprise Institute scholar and Financial Crisis Inquiry Commission member Peter Wallison puts it: “That act—paying off the creditors when the government takes over a failing firm—is a bailout. It doesn’t matter that the management lose their jobs, or that the shareholders get nothing. When the creditors are aware that they will get a better deal with the failure of a large company than they will get with a small one that goes the ordinary route to bankruptcy, that is a bailout.”
To top it off, the fees for the Dodd bill’s resolution fund that would pay off a failing firm’s creditors would come not just from banks but from a broad array of Main Street businesses. Stable life, auto and home insurance companies would have to pay into this fund to subsidize the failure of the next high-roller, and the fees they pay would likely be passed on in the premiums their policy holders pay. And the bill’s definition of “nonbank financial company” is so broad that it could cover manufacturers only tangentially involved in extending credit, such as those that lease equipment to their customers. This would raise prices and cost Main Street jobs.
All in all, the Goldman indictment should serve as a wakeup call to those who want to ram a bill through Congress without looking at who both its victims and beneficiaries would ultimately be.
I was listening to Glenn Beck sharing his financial predictions
on the radio while driving home from a week-end gathering. He
forewarns of another larger and more devasting financial banking
collapse within the next year or so. Interestingly, President O’bama
this week is calling for financial reform, and says if his program is not
adopted there will be another financial crisis of greater proportions. So
even, President O’bama knows of this brewing banking financial disaster.
Interestingly, Glen Beck is all for financial reform, but not
President O’bama’s proposal. President O’bama’s stimulus and
financial policies are just deepening and extending this recession
and causing huge and massive unemployment. In my opinion,
he has destroyed the best healthcare and economic system in the
world all for the sake of his ideology.
I, too, see another financial collapse partially due to the next
wave of foreclosures that is occurring now. Foreclosures have increased
since the Adjustable Rate Mortgages are now adjusting; since the banks’
are allowed to be overtly agressive in foreclosing and their unwillingness to
lose any money; and due to continued job loss. Well-paying and secure jobs
are few and are certainly not being created in the private sector at any
significant rate — only government jobs. Union jobs that offered security
are basically extinct. Case in point, this spring (for the first time in 30 years),
teaching positions in Michigan are being cut significantly due to loss of students
and revenue. By grand design, we are all to be dependent upon the “State.”
Neither O’bama nor Conservatives really like unions.
Overall, in this financial climate, Banks especially in Michigan do not have
any money to lend, because of all of the nonperforming commercial and
residential loans and defaults; inability to qualify for a loan; and also due
to all of the new banking regulations. Real-estate sales alone have dropped
this month since the government incentives for first time homebuyers is now
over, and not allowing private investors to enter the market for fear of making
a profit. The new EPA rules are also killing off market sales. In Michigan, it is
going to be impossible or extremely difficult and expensive to paint any house, inside
or out, if built before 1978 due to lead paint hazards.
The working or middle class society of today will probably never own a home or
see secure and/or stable jobs again if our country continues to adopt this socialistic
framework. Although, I could be wrong if everyone works for the government — but
one needs to understand that any income earned will go directly back to the government.
Indirectly, you will be taxed and your money seized like permitted within the new
healthcare legislation. Even the housing industry I think is adjusting to this idea.
It is being proposed that if one were to obtain a mortgage loan and if in the future one
defaults or is foreclosed, then the homeowner will have the right to rent for 5 years.
Now, who is going to loan anyone any significant amount of money considering these
new rules? Under O’bama, the idea of home ownership will in actuality be nonexistent.
Remember private property is not allowed in a socialistic system.
A huge percentage of our economy within a capitalistic republic is dependent upon
a strong real estate market, a vibrant manufacturing sector, and a strong healthcare
industry. I doubt if there can be a strong recovery without strong growth in these
markets. The financial markets will certainly collapse, because the banks need to
lend money. However, there are no incentives to work, to start a business, or the
ability to own a home.
The government can keep printing money and throwing it around, but in the
end it will be useless and worthless. Markets have to be allowed to adjust on
their own. Our economy will never be able to recover as long as our government
is allowed to pick and choose who is to succeed and who is to fail like when the
government picked AIG and Goldman Sachs.
What was unique about our society was the fact that an individual or business
entity could choose to pursue an idea out of happiness and ultimately could either
“win” or “fail.” Our capitalistic society provided an opportunity, but with no guarantees.
Competition was considered good and fed the desire for excellence. Today, Americans
have traded this “freedom” for a false sense of security such as “free” healthcare, “free”
rent, “free” income but at a surf’s wages, and “free” education but without choice of
carreer path.
Glenn Beck suggests that one gets his “house” in order…meaning get out
of debt and stay out of debt now. If you are smart you will cut-up your credit
cards and not use them. Banks are starting to entice individuals to come back
and use their credit cards, but if you do you will again be a “slave” to them.
Banks are hoping to capture the new and unsuspecting young adults. I hope the
Mothers and Dads of our society are teaching their children to not adopt our financial
institutions’ trap of needing “credit.”
The American public I also hope is now savy and intelligent enough to say, “No” to
credit cards and bank loans. Americans will have to establish an underground economy
to trade and barter until Americans are able to take back their country and freedoms at
the ballot box and by saying, “No” to Obama’s national banking system. More challenging
and harder times are coming! It is inevitable. Will you be prepared?
Saving the American Dream 800.826.1929
P.S. If you are upside down in your home and want
to keep your home and get control of your finances, consider
a Principal Balance Mortgage Reduction.
David Brigle, Managing Member
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017
800 826-1929 Call Today!
On the way to work this morning, the news on the radio was
highly optimistic. Ford Motor Company, Chrysler, and GM (Government
Motors) reported stunning profits in all markets. Ford Motors expected last
quarter to show earnings of about 1 billion dollars, so the executives were
pleasantly surprised to earn 2.1 billion dollars in profits. The Ford 150 and
the Ford Taurus were the biggest winners. Even Toyota is trying to stay
competitive although I didn’t hear what type of hit they took. Overall,
consumers are looking to see what’s new since we have been away from
the showrooms for so long. There seems to be lots of interest in automobiles
like Toyota’s hybrid, The Prius.
What does this mean for Michigan? Michigan is still a leading manufacturing
state, so one can expect as production increases, these companies will begin to
hire, and all the little businesses connected to the auto industry will also show some
healthy growth if they survived this recession.
Interestingly, though, the Stock Market dropped about 213 points or so. This
could be a reflection of the happenings in Washington DC. Goldman Sachs took
blazing reprimands on Capital Hill. The Democrats are wanting to reform the banking
industry to ensure there isn’t another financial catastrophe. Actually, they are wanting
to plug up the leak that President Clinton created when he dismantled the financial
safeguards during his last term of office, and that they had ignored all through President’s
Bush’s two terms in office. The losses could also be an indicator that the Stock Market
is not directly tied to the gross national product, but more to a craps table or
perhaps it maybe reflective of the insurance industry’s projections. My health insurance
company is predicting a 17% increase in premiums…thank you Congress. Congress is also
tossing out a rumor of a national sales tax to pay down on the trillion dollar debt.
Out on Main Street, people are still hurting. I hope jobs will be coming. College
graduates are taking low paying menial jobs. Any kind of job, though, is better than
none. In Hillsdale County, the unemployment rate is posted at 18%, but the true
statistics is probably closer to 30%. Teachers, firefighters, and policemen are now
being laid-off across the State. A consequence will be higher house insurance rates
since insurance risk factors increase — no one is available to respond to a house fire.
The only way to solve this problem is for taxpayers to vote for higher taxes which
probably won’t happen since many people are out of work, have lost their homes,
are struggling to pay their bills, have taken paycuts, and/or have lost their pensions
or life savings. Social security will be next on the chopping block.
No, all is not well. We are told it could be a lot worse if there had been no
pumping up of the economy with the various stimulus packages. Well, you can count
on higher taxes, higher interest rates, more fees, and inflation. Crude oil is now $83.00
a barrel, so gasoline at the pump today rose to about $3.00 per gallon. It is going to
be a long hot summer. Arizona has already heated up with their new law regarding
the treatment of illegal immigrants. The “States” are finally getting Washington D.C.’s
attention. Perhaps, we will also get their respect come November — that is my
optimism. Voting out those drunken deal makers and spenders in Washington will
certainly bring back confidence in all financial markets including my pocketbook. I
may then be able to buy a car, but of course with cash. To borrow from a bank is
just plain stupid — sorry Wall Street.
If you want to get out of debt, consider a debt settlement or a principal balance reduction if you are upside down in your home. Call Foreclosure Prevention Institute,
LLC at 800 826-1929 today to get started.
Enemy is Wealth
Enemy is The Rich
Enemy is Profit
Enemy is Wall Street
Enemy is Corporate America
Enemy is Small Business Owner Who Can’t Be Monitorred
Enemy is Anyone Who Makes Money and Keeps It
Enemy is One Who Receives A Bonus
Enemy is Anyone Who Knows How Business Works
Enemy is A Tea Partier
Enemy is A Conservative Talk Radio Show Host
Enemy is Fox News
Enemy is A Short Sale
Enemy is Arizona
Enemy is Las Vegas
Enemy is A Conservative
Enemy is A Trader of Services
Enemy is A Gardner
Enemy is Someone Who Does Not Borrow Money From A Bank
Enemy is Someone Who Is Fiscally Responsible
Enemy is A Retired Person Who No Longer Pays Taxes
Enemy is A White Man
Enemy is Someone Who Takes Iniative
Enemy is Someone Who Drives A Car
Enemy is Someone Who Does Not Buy Health Insurance or The Right Kind and Amount of Insurance
Enemy is Someone Who Breathes
Listen to Laura Ingraham’s monologue discussing the scathing of Goldman Sachs
by Congress. Carl Levin with glasses on his nose attempted to put the blame on
Capitalism and firms like Goldman Sachs rather than blaming Congress for demanding
that banks throw-out their conservative business practices and loan to people
who had risky situations that could not support a mortgage for any length of time.
To be fair, let’s invesitgate Freddie Mac and Fannie Mae. Goldman Sachs worked
well within the realm of law to make money. It is their business like banks to
make money. At the time, they did practice within the law when selling derivatives.
However, the democrats scream that it all was unethical. If you want to talk about
“ethics,” let’s look at all the deals that Democrats made to pass their healthcare reform bill.
The healthcare reform bill is truely what is going to bankrupt this country, and also their
unwillingness to defend our borders to the massive infiltration of illegal immigrants.
Today, you can’t plan or play by the rules, because the rules are continually changing.
If you get out of bed, you will probably break a law and not even know it. We are all to
be dependent surfs of the government who must say, “Mother May I.” As Hillary Clinton
once said, “We know best.”
If you need a bail-out due to a hardship contact
Dave Brigle at Foreclosure Prevention Institute, LLC
800 826-1929
271 Viking Dr
Battle Creek, MI 49017
Get A Loan Modification Today!
Call Hotline 1.800.826.1929
Loan Modifications may help homeowners’ keep
Their homes by reducing debt and stopping
foreclosure as we face hyper-inflation in 2011.
Happy New Year!
Today our national debt reached $14 trillion
dollars, and inflation has increased by 26.9%.
Bankruptcies and foreclosures are up. 42 million
people are now on food stamps with many
currently living in shanty towns or tent cities
not yet within the general public sight.
Gold is trading over the $1,400 mark and is
predicted to reach between $5,000 and $6,000
within the coming two years. Gas, oil, cotton,
commodities, and other precious metals such as
silver and copper are skyrocketing at record
levels as well. Interest rates will be climbing
soon. Gasoline is over $3.00 a gallon and will
possibly reach $6.00 by the end of this year.
46 States are financially in trouble and are
warning their citizens that hard decisions are
going to be made.
Unlike the Federal Government, State
Governments cannot print money to balance
their debt which is in the billions.
Why are we in this position? It’s because
Congress has tried to spend or “inflate” the
debt away while continually the debt ceiling
level year after year. We as a nation, overall,
spend more money than we generate in terms
of the gross national product. We don’t have
jobs especially manufacturing jobs, because
our country has the highest corporate tax
structure in the world. It is simply too
expensive for new businesses or manufacturers
to do business in the good old U.S.A..
The economic climate is currently anti-business.
We are being regulated and taxed to death –
just note the number of bills and laws passed by
California just this past year alone. If one wants
to generate income, one has to take classes, pass
exams, pass policies and procedures, pay a fee to
get a license, buy health and auto insurance, and
continue to take on-going life-long learning
classes before making a dime — how do you do that
when initially unemployed?
Our government officials like Timothy
Geithner, and most US citizens are in denial.
The stock market is currently bullish, but there
will soon be a severe correction when the world’s
reserve currency changes from the dollar to
perhaps the Bancor (a new global currency). Do
you remember President Clinton calling
for a new world order and President O’bama
telling us that we need “to spread the wealth
around?” Well, as I speak, shops and businesses
in Texas, on the Eastern seaboard, Canada,
Germany, France, the Middle East, China, Japan
and Mexico are putting up store-front signs
indicating that they are wanting to trade and
exchange currency in anything other than
the dollar. Our friends and enemies like the
Euro, Yen, Pesos,and Gold — not the dollar.
What can you do to protect yourself? It’s getting
late, but start getting your own house in order.
Buy food, water, ammo, and a plot of land out
in the country for escape and so you can grow
your own food in the coming days of chaos. Also,
reduce your debt and save as fast as you can.
Pensions, 401K’s, and Social Security will be
stripped away to pay-off the debt. It’s not a
pretty picture to paint, but the signs are all here:
Prisoners are being released
Gambling is legal
Having an ounce of marijuana is no
longer a felony
Buildings are being sold
Companies are being bailed-out
Bars are closing
Our borders are open
Cities and neighborhoods are becoming
ghost towns
Green rivers
Massive bird and fish kills
Earthquakes
Severe weather patterns
And the list goes on!
Yup, I’m a nut case and a worrier — but the truth
will be told. Just ring in this “new” year.
Reduce principal and interest rates today!!!
Call 1.800.826.1929 for a “real” loan modification!
Homeowners nationwide are desperately trying
to modify their home loans to survive the coming
financial Tsunami. Although the Stock Market is
making a rebound, I need not remind people on main
street that 2010 was simply disastrous for many
and 2011 looks even bleaker. The debt ceiling
hit 14 trillion and is growing and compounding daily.
2.87 million homes foreclosed and an increase in
foreclosures is expected for this year.
Oil, food, cotton, gold, and silver are all up while
the value of the dollar is sinking with shudders of
the dollar being replaced by a different world
currency. If this happens, hyper-inflation will
occur and we will all be standing in bread lines.
43 million Americans are already on food stamps.
Forget looking for a job with decent pay…there are
few jobs to be had. Government numbers tell us
that unemployment has dropped, but mostly
since people have just given up. America no
longer manufacturers anything since corporate
America is moving out of the country. Case in point,
Steelcase in Grand Rapids (a large office furniture
manufacturer) just announced it is moving to Mexico.
We don’t have to produce we only need to service at
minimum wage. I was forced to retire from teaching
and now work for a great tax service to help fill Uncle
Sam’s coffer. It’s easier to join than to protest.
Politicians want to “herd us” like cows to slaughter.
We just are not smart enough to make any decisions
about our healthcare or future. Anyway, it is our
duty to work to make as much money as we can to
give it all back in the form of taxes. The motto is
“We need to spread the wealth around,” and if your
55 or older just fade away – your of no “real” use.
So in essence the Powers-to-be don’t really care about
“the Individual” and his/her pride. Nor do they want to
listen to what we, the tea partiers, think or have to say.
Rush, Hannity, Savage, and Palin are all threats to
the socialistic ideology and agenda. To do anything
different would only ruin the masterplan.
If you want to survive the next couple of years, it is
imperative to get out of debt, buy precious metals,
store food and water, purchase goods that will be
valuable and tradeable. If you can, refinance your
home or modify your loan if it makes good
financial sense. The good news is that interest
rates are at all time low, but not for long.
Call Foreclosure Prevention Institute, LLC’s hotline at 1.800.826.1929 and get started today
on a real Loan Modification. We fight for you!
Foreclosure Prevention Institute, LLC
Dave Brigle, Managing Member
271 Viking Dr
Battle Creek, MI 49017
Service nationwide and especially in
Michigan
Have you ever wondered how exactly
lenders structure loan modifications? As
a person who helps homeowners obtain
loan modifications, I am always interested
in how banks determine:
A. Who qualifies for a loan modification
in regards to their gross income,
B. New Interest Rates,
C. New Mortgage Payments,
D. How taxes and hazard insurance
is figured with regards to escrow
payments,
E. and Why some people have
principal mortgage balances reduced
and others do not.
The servicing companies/lenders do use
mathematical formulas when modifying a
loan. In fact, the HAMP* program although
controversial in terms of its success in lowering
the foreclosure rate within the United States
has helped to set a standard for figuring
mortgage payments and interest rates.
The standard is as follows:
First, many banks multiply one’s gross income
by 31% and then subtract monthly homeowner’s
taxes and insurance from the given amount. This
is considered the targetted monthly mortgage
payment. This makes sense because one shouldn’t
pay over one third of one’s pay to any
mortgage. (This is a conservative “rule of thumb.”)
People really get into trouble when their
mortgage and rent payments are above 50 percent.
Next to calculate a new interest rate, the lender adds
to the loan balance any back payments that are owed
and interest or escrow advances owed. The interest
rate is then lowered in small increments (.125) until
the target monthly rate is reached or all the way down
to a 2% rate. If the target monthly rate cannot be
reached then the mortgage loan may be extended for
40 years.
Another possibility to reach the target monthly rate
without having to extend the length of the loan is by
reducing the principal balance of the original loan.
HAMP does have guidelines to follow for reducing the
principal balance. Guidelines could include hardship,
assessed value (how far “underwater”), investors’
instructions whom back the loan, the number of months
in default, gross income, debt to income ratios, and other
mathematical formulas. Only 10% of the people who
have thus far received a loan modification have had
their principal reduced. So, the guidelines for a principal
balance reduction are quite stringent.
At Foreclosure Prevention Institute, we do use forensic
audits to force the issue for a loan modification from
the lender. The interest rates and terms are usually
significant compared to homeowners who negotiate on
their own. We also encourage homeowners to use
an attorney to grab the lender’s attention. Time and
again we see homeowners losing their homes to banks
who negotiated in “bad faith.” Homeowners don’t
know their rights or how to begin to “fight” back to
save their home from foreclosure. It has even been
hard for us since T.A.R.P. money has been stripped
away for principal reductions in many states.
Stopping foreclosure is difficult and has a definitive
legal timeline, so requires professional help for
successful outcomes. If you have a question(s) about
foreclosure or need a referral to an attorney, please
call Foreclosure Prevention Institute, LLC. Foreclosure
Prevention Institute’s hotline is 1.800.826.1929. Ask
for Dave Brigle, Managing Member. He has 35 years
experience in the foreclosure market and real estate
industry. He’s also a retired state appraisor, mortgage
company owner, and passed licensed real estate
salesperson. He freely provides information
regarding his experience with foreclosures and
evictions for those who call and ask. He cannot help
you unless you call him at 1.800.826.929. Dave Brigle, Managing Member
Today, a hard money lender called
from California to find out how he
could help 60 homeowners facing
foreclosure. The homeowners want
to keep their homes, but are underwater
(owe more than their homes are worth).
He needs principal reductions for his
clients, but cannot find any lending
institution or bank willing to cooperate.
Last year, principal reductions were
feasible with the use of stimulus
money. Banks would sell their
toxic loans for 40 cents on the dollar
to hedge funds newly created
through the use of TARP funds.
The hedge funds bought the banks’
discounted paper in bundles, and
created new 30 year fixed-rate
mortgages at the current market
value. Principal Reduction companies
stepped-in as third parties to put the
deals together for the struggling
homeowners. Hedgefunds worked at
arms length of the individual home-
owners. Understand, at this time,
banks were fearful that homeowners
would walk away from their contractual
obligations.
Unfortunately since the beginning of
this year, government policies forbid
private third parties from doing principal
reductions. Today, banks are not
worried about homeowners walking
away and for whatever reason are
wanting foreclosed homes. I suspect
they are willing to hold onto the houses
until the market turns around in 10 years
or more. Consequently, no more
principal balance reductions or
short sales with today’s market and
financial policies.
In a broader pespective, Banks are
30 trillion dollars in debt. The government
is 14 trillion dollars in debt and growing.
The government and banks are in bed
together. The government wants money
to continue their social programs by buying
votes, and they need the banks to launder
the money from the taxpayer to the banks
to the democrats to finance their elections.
The banks make money because they are
able to borrow money from the government
at zero percent interest.
Right now, Treasury Secretary Timothy
Geithner is putting into play the confiscation
of federal employees’ pension funds. This
is just a prelude to the confiscation of everyone’s
401K, 403B, IRAs and pensions in general.
They are promising that this money will be rolled
into your social security check. It will be a
treasury note with a 2% interest rate.
Czechoslovakia Republic recently did just this
to their citzenry.
In the meantime, the government is having
to prop up the banks, because the government
in the end needs money to spread the
wealth to whomever they see fit. In
effect, both the government and the
banks are stealing money and wealth
from average hard-working Americans
with Qe1 and Qe2 which means quantitative
easing. It is nothing more than Keynesian
economics to fuel inflation. The government
thinks they can actually stimulate economic
growth by inflating the money supply. In
reality, they are destroying the US dollar.
In the end, the banks will be made whole,
and the government will be able to
redistribute the wealth to other third
world countries and to individuals,
companies, or groups of people who they
deem deserving. It is power, control,
and the socialistic way.
I was thinking about our American history
regarding the Revolutionary War while eating
some delicious strawberry rhubarb custard pie.
We fought the British for freedom to be free men.
We opposed high taxes and wanted to be able to
move freely around to sell or trade our goods and
services. We hated being treated like slaves.
The King of England in essence showed no respect
for the colonists. Americans would not accept
peace without dignity.
Today, according to polls more Americans than
ever say that they do not believe that our economy
will ever recover. Our leaders wonder why that is?
Gov. Snyder in Michigan tells us that we all need
an attitude adjustment to get this economy rolling
again. He says we have been beaten down so
much that we have lost optimism and hope. I see
it similar to the British beating down our doors.
Gov. Snyder is certainly right that we have been
beaten down. All the rules and regulations in play by
Obama Care, OSHA, EPA, township regulations and fees,
TSA, financial laws, homeland security laws, and taxes etc.
make it impossible for businesses to thrive or to hire, and
for individuals to prosper, create and develop their dreams
and aspirations. President O’bama is almost to the breaking
point of demanding that American businesses start hiring.
If you work for the government or are part of a union you
may have a ghost of a chance of surviving and working if you
are “a chosen one.” Yet, that is slipping away too, because it
takes small businesses to pull a country out of a recession,
and for the common man to earn a living so he can pay the
taxes to pay for all of the government jobs and to cover all of
the spending in Washington D.C.. Must I remind you, though,
that our money that we earn is not “our money” according to
the Federal and State Governments. Michigan is now taxing
pensions and 401K’s and later on these will all be confiscated.
Most Americans are not idiots and do realize that the huge
debt that the United States has accumulated will be
enslaving generations to come. However, it is more about
all of the rules/laws and regulations and general disrespect
of the average American by those in power. We are
supposed to accept all of these policies as necessary for
our safety. In this Nanny State of Affairs, we will all be
taken care of according to our needs. Forget what we
want — Just leave us alone!
The elitists are steaming mad at the growing number
of tea partiers who with no leader are questioning their
authority and backdoor agreements. Thus, the need now
for a police state. Did you know that in Indiana, the State
Court of Appeals upheld that police can now enter your
home for “no cause or warrant?” One sherrif I hear will
begin randomly searching homes within his jurisdiction.
No longer is your home “your castle.”
So our freedoms are slipping away and so is peace,
prosperity and ideas we have held so dear. Michigan
does have a militia, but I haven’t heard any ringing
of church bells at this moment. So for now, I’ll just
go back to eating my pie in “peace” and to soothe
my discontent. I’ll share my recipe below since
most of my pie has already been eaten by Uncle Sam.
“Strawberry Rhubarb Custard Peace Pie:
3 cups Rhubarb cut-up
1 cup Strawberries cut-up
Blend together until fluffy:
3 eggs
a pinch of salt
2 tbsp of uncooked tappioca pudding
1 cup sugar
1/2 tsp nutmeg
Mix in fruit into the egg mixture
Pour fruit egg mixture into an uncooked pie shell
Bake at 350 degrees for about 40 minutes and enjoy!
The American Spirit -- Pie Anyone?
Foreclosure Prevention Institute, LLC
Dave Brigle, Managing Member
Foreclosure Prevention Institute
271 Viking Dr
Battle Creek, MI
800.826.1929
Saving the American Dream
Some people think about strategically defaulting on
their mortgage since they owe much more than their home
is worth. They can make the payments, but just don’t
see themselves ever getting out of the hole. Usually they
are reasonably well-off, may have good credit, and have
assets other than just their home. They simply can’t sell
their home nor can they refinance their home due to the
drop in market values of homes.
It’s a buyer’s market especially for homes priced
over a million dollars. For example, in Bloomfield Hills
homes have been on the market for 3 to 4.5 years or more before
selling and then at huge discounts. How would you like to purchase
a home listed at 7.9 Million selling for only $1.7 million or
a home listed at 4.5M and selling for 1.8M? That’s how bad
the real estate market is for many homeowners regardless of
how much your home is worth. In today’s market, almost
everyone is taking a heavy discount of 70% or more.
To willfully accept a foreclosure will probably be the
biggest credit hit one will ever experience. It damages
one’s credit history and may substantially drop a credit
score by 200 or more points. Foreclosures usually stays on
one’s credit for 7 to 10 years. In essence, foreclosures are
treated similarly to a bankruptcy — it’s bad.
Understanding all of the financial consequences and
foreclosure laws is crucial in consciously defaulting on a
mortgage. Each mortgage and state may have different rules
and procedures involved regarding foreclosures. The reasons
why one might strategically default vary. On the positive
side one sees the following:
Instant relief
Not throwing good money after bad
Saving money to get ahead
Getting rid of house riddled with problems
Cutting ties like in a divorce or job loss
Moving forward
Look for a new home at current market values
The negative side though may involve a deficiency judgement,
shame, embarrassement, cutting of current credit lines
and higher interest rates, and tax ramifications in receiving
a 1099 for difference between what’s owed and money recovered,
and the moral aspect of a promise.
If you are thinking about defaulting on your loan on purpose,
because it makes sense financially then be sure to think post
default:
1. Will you need good credit (urgently) for your business,
transportation etc.?
2. How will you protect your assets from serious litigation?
3. Will it affect gainful employment?
4. Tax advantages — renting vs home ownership
5. School district for your children
6. Any loss of income or increase of income from
taxes, judgement or credit
7. Pets
Before strategically defaulting on your mortgage it is
imperative that you plan ahead. You need to structure
your affairs, do it as safely as possible, and get
advice from an attorney. Bankruptcy or restructuring
of your debt might be an alternative answer. To do
or not to do is ultimately more of a financial decision
than a moral or emotional decision. Reduce your
rationale to dollars and cents.
Dave Brigle, Managing Member
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017
616 217-7833 800.826.1929 Hotline
Apparently, Pres. O’bama and the Democrats are looking
for ways to take millions of foreclosures off the
market to help provide Section 8 affordable housing for their
constituents. Rent prices are beginning to skyrocket
due to the high demand for rental property. Their policies
caused and are causing millions more people to lose their
jobs and homes. Banks are not lending money, congress wants
to revoke the principal and interest mortgage deduction to
increase revenue, and many people today have low paying jobs
and little job security. As a result it makes more sense to
rent than to buy.
Overall, it looks like the poor including the middle
class are going again to be left out in the cold unless
something changes.
Currently, the government banks have a huge shadow inventory
of foreclosures and it is steadily rising. Banks are limiting
the number of foreclosures that can hit the market at any one
time as a means to prop up real estate values. They have the
deep pockets and so the luxury to hold onto these homes until
the real estate market recovers. But it will take a decade or
more if ever before the industry recovers.
Interestingly, the secondary market bond holders and investors
behind these defaulted mortgages are beginning to scream that
they want the foreclosed homes bundled and sold to real estate
entrepeneurs so they can take their money and run. They know
that in most states, property home values are continuiing to
decline and will drop further with inflation and the
devaluation of the dollar. It is time to cut their losses
and run. The private sector would love to invest and profit
from the sale of these foreclosed homes.
However, President O’bama’s stated from the very beginning
of his presidency that he intended on redistributing the
wealth and spreading the wealth around. His idea is to
take all of these foreclosures and somehow make them into
Section 8 housing. With another round of QE3 easing and
a higher debt ceiling, he will have the money needed to
provide Federal Real Estate Grants to low income and minority
groups or builders to fix-up foreclosed homes for
Section 8 housing. This is already happening in Grand
Rapids and Benton Harbor.
His central planning committee provided Tarp
money and Hope to help people save their homes
from foreclosure, but it was a ploy and an
overall dismal failure. Loan modifications and
forbearance plans were written so as not to work,
and Principal Balance Reductions are no longer allowed.
In the Great Depression, the government put a moratorium
on foreclosures. But not this president for
his goal is simply to redistribute and spread the
wealth and that includes stealing people’s homes
for the public good and the chosen few to help
provide relief and to pay for past wrongs. This is his
way of taxing the rich, punishing the hard middleclass
worker, ensuring that the American Dream is dead,
and that the wealth is redistibuted to those he deems
deserving.
If you read this article and are a woman or a minority,
I would suggest you hurry and write up a housing grant
to help low income Section 8 individuals find affordable
rental housing. You probably would be awarded a Federal
Grant of $200,000 or more to help solve this housing
crisis and to spread the wealth around.
Call 1.800.826.1929 regarding Foreclosure Related Questions.
Ask about financing for qualified buyers regardless of credit for affordable foreclosed homes in Michigan.
Vacant land, residential and commercial properties for sale. Brokers need not call. Looking for buyers.
Investors and wanna-be homeowners looking
for a bargain or deal, are buying homes through
property tax sales. What is one’s person loss, is
another person’s gain. Evidently both homeowners
and banks are struggling or choosing not to pay
property taxes. Buyers do need to do their homework
and research when buying a home at a tax sale.
In saving homes, many people may not know that
there is a poverty exemption law in Michigan
for the elderly whereby qualified persons can be
fully or partially exempt from taxation on a
principal residence. Must file with local accessor.
Application must be filed after Jan. 1, but no later
than two days before the board of review last meets.
Property owners may also able to negotiate a payment
plan for one tax year. However, if the homeowner
has a mortgage, the bank can go ahead and pay all of
the taxes to protect their interest and thus negate
the work-out solution with the city. The mortgage
company can then foreclose on the homeowner for not
paying the taxes or could possibly attach their own
payment plan spread over the course of a year. By the
new financial laws just passed, the banks will demand
that all future taxes be escrowed.
The homestead act can also be applied to one’s principal
residence to lower the tax burden. The homeowner can
be exempted from paying the 18-mill local school operating tax
ordinarily levied against non-homestead properties.
If you are facing foreclosure call Foreclosure Prevention
Institute, LLC HOT LINE at 1.800.826.1929. Talk to
Dave Brigle, Managing Member.
Visit http://ForeclosurePreventionInstitute.com
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017
800.826.1929
Tom Watkins, a US/China business
and educational consultant and past State of
Michigan Superintendent from 2001-05, suggests
“that we need to imagine and embrace a better future”
to economically compete globally in this
technological world of ours.
“We must transform education if we are to find new
opportunities and to thrive.” He states, “We can
keep the status quo and watch the world go by; or
reinvent and invest wisely in ourselves to become
an international economic magnet for people so they
will want to stay and return to Michigan.”
It’s true, “We have lost a decade” and will continue
to slide further into the abyss unless we drastically
change our public school system. Our students
are not only illiterate in reading, math, science,
and geography, but also in technology. Why is this?
Perhaps we need to look at the educational system
and ask some hard questions. As an example, “Why
do we need to continue to build physical buildings?”
We have limited financial resources and a large
proportion of it is being spent and perhaps wasted
on energy to heat buildings, bussing students to
school, and on duplicating educational programs from
district to district.
To compete, our schools and students need ipads, smart
phones, computers, wi-fi, and virtual classrooms etc.
to learn and to meet and visit with other students across
the globe and to communicate and visit with private
industries and personnel. We know that the pace of
technology is changing rapidly and individuals let alone
schools are finding it difficult to keep up and compete
with this advancing technology primarily due to a lack
of resources.
Perhaps, it is time too for students to take initiative for
their own learning. Families can be given the needed
tools to assist their children. This will also help the
inner city families to have access to the Internet to
close the opportunity gap. Schools can provide guidance
and curriculum to students and their parents. Think of
it, “Do students need to attend school five days a week?”
Heck most inner city students don’t attend school anyway
due to bullying and crime. Attendance is very poor,
because kids today are afraid to go to school, be in school,
and to go home from school. More and more adults are
working from home, why not our students? Furthermore,
why not have school doors open all year round with a
flexible schedule to meet families’ needs and time
schedules?
This may result in the loss of teaching jobs and teaching
associations, but perhaps this will transform instruction
and create new types of teaching jobs and educational
opportunities. We are no longer living in an agrarian
society. Our students will not only be moving in from
varying states across the nation, but will also be coming
from many countries and continents. Computers can help
bridge the language barrier. It does not matter what
language a child speaks, because computers are now
capable of automatically translating the spoken and
written word.
As Tom Watkins closes, “The question now remains, will we?”
Written comments by Janet Caldwell, Retired Educator
I think Jan Brewer, Governor of Arizona,
hit the nail on the head when she said,
“O’bama is only interested in himself and
not really tackling the tough issues such as
immigration on the border.” President O’bama
only wants to talk about himself. It’s I, I,
and I.
It’s a fact that he has yet to visit the southern
border. To win the next presidential election
O’bama will personally have to be attacked as he
demonstrates so well in attacking every front
runner of the GOP Party. This is how he
was taught to win – typical of Chicago politics.
So, if you want to beat President O’bama, the
campaign must get nasty and personal. One
cannot be polite and politically correct and
expect to win. Newt is probably the only
candidate who can run this type of campaign. He
can directly point the finger like Jan
Brewer did so well.
As the Greater Recession sets in, this may
be what motorists will have to face. Wyoming
police are not sure if this was drug related or
an armed robbery. The driver said that the
two suspects wanted their money.
The intersection of Clyde Park and Burton is
near our old office, so it comes close to home.
The new developments say that the shooting took
place in Kentwood.
Anway, if you are out and about in the evening, lock your
car doors and be vigilant.
if you are out and about in the evening, lock your
car doors and be vigilant.
Isn’t it about time homeowners got some help or,
if not, start making some wise strategic business
decisions on their own regarding whether or not to keep
their homes? Afterall at the expense of taxpayers,
homeowners, Wallstreet, and investors, banks within the
last couple of years have received several bailouts to
ensure their doors are kept open.
The government has been protecting most large banks from
bankruptcy or failing from the housing bubble by printing
and distributing money like “mad” to the major banks. One
could say the government is responsible for causing this
mess due to their liberal policies and legislation. Banks
were forced to lend to almost anyone who had some income.
Home loans too should never have been securitized on Wall Street,
but since banks are now too big to fail, the government is
supporting the securitization of loans on Wallstreet.
So what is a homeowner supposed to do? Years ago, homeowners
had a relationship with a local bank so both sides could sit
down and talk and perhaps renegotiate a forebearance or loan
modification. Not today, because not only is there no
relationship, but it is almost impossible to negotiate because
the deeds are either lost or have been sold piecemealed. No
one really knows who owns the deeds or who can make a decision.
Bank regulations are also a major stumbling block. A massive
amount of loans are nonperforming or are underwater due to the
great recession. The banks are required to have a certain amount
of money in reserve to cover the bad loans. If banks actually
showed a 30% drop in loan to value, most banks would have to
shut their doors. Thus they can’t negotiate loan modifications.
Their books would be way too far in the red.
How do I know this? A major bank called up a friend of
mine who is an appraisor. He was asked to do appraisals on
commercial property that he did 6-8 years ago. The catch
though was that for him to get paid, the values he finds
must be the same as previously done. Another bank executive
who I know who did in-house appraisals, just found out he’s
been demoted. His numbers were far too conservative for the
president of the bank. Banks are simply unwilling to face
reality. They simply cannot withstand a hit. Home and
commercial values have dropped over 30%, but banks continue to
refuse to accept this fact. If they did, they would have to
close up shop.
Banks are worried though, because more and more homeowners
are giving up and thinking strategically just like banks.
Sure homeowners should honor their loan commitments, but many
have to move due to job loss, need to upgrade or downgrade,
or are not wanting to throw good money away since their homes
are completely underwater. Homeowners took a risk when
buying, but so did the banks. Many loans were predatory or
have simply lost value.
Banks make business decisions everyday, and homeowners
should too. Like banks, nothing personal just financial –
it’s protecting one’s money and family. Furthermore, there
is no moral clause in a mortgage packet, just numbers,
interest, and procedures to follow should a homeowner
default.
If you are thinking about strategically defaulting on
your home loan seek legal advice by contacting an
attorney to protect your credit, and to limit any
financial ramifications. Banks can go after the loss,
but not as likely if it is a primary residence and
if one has tried to work-out the problem. However, banks
don’t have to cooperate. Heck, I have seen banks
foreclose on homeowners who simply didn’t make a late fee
payment, were two weeks late on their mortgage, or forgot
to add 80 cents into their payment. Banks at times
make no sense, so two can play this game. If Washington
can’t solve the problem, the current administration and
the banks are going to find out that many homeowners won’t
pay or make “cents” either!
Here are eight reasons why a married
person should not file Married Filing
Separately:
If you file MFS,
1. And your spouse itemizes you will have to itemize.
Moneywise, most people do better just claiming the standard deduction.
2. You cannot claim the Earned Income Credit. Low income families with
3 children receive 3 to 5 thousand dollars.
3. You cannot deduct adoption expenses.
4. You cannot get the child and dependent care credit.
5. You cannot claim the education credits.
6. You cannot claim interest on student loans.
7. And you lived with your spouse any time during the tax
year, you cannot take the credit for the elderly or the disabled.
8. And you lived with your spouse at any time during the
tax year, you cannot rollover amounts from a traditional IRA into a Roth IRA.
9. And you lived with your spouse at any time during the tax year,
you may have to include more of your social security benefits.
If you don’t live with your spouse, you might consider unmarried for tax
purposes and file as Head of Household (H/H) if you meet all of the
following qualifying tests:
1. File a separate return.
2. You paid more than half the cost of keeping up your home.
3. You did not live with your spouse at any time during the last 6 months of the tax year.
4. Your home was the main home of your child, stepchild, or foster child for more than
half the tax year.
5. You can claim an exemption for the child. It is o.k. if the noncustodial parent claims
the exemption as long as you qualify.
For help filing taxes call 1.800.826.1929.
IRS Tax Preparation
Call 1.800.826.1929 Nationwide.
Especially serving the Greater Grand Rapids Area in Michigan.
