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.

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.

Police: passenger shooting not random: woodtv.com

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!

Have a question about strategic defaults or foreclosures?
Call 1.800.826.1929
ForeclosurePreventionInstitute, LLC
271 Viking Dr
Battle Creek, MI 49017
http://ForeclosurePreventionInstitute.com

Disclosure:  We are not attorneys.

Stopping Foreclosure

Read their story here:

Merchant Circle on Strategic Defaults

Then read the next story regarding Wells Fargo.

How Could You Do This To A Mother of Four?

See you are not alone.

Need help:
Call 800.826.1929 Ask for Dave Brigle

Foreclosure Prevention Institute
271 Viking Dr
Battle Creek, MI 4901

We have been specializing in Foreclosures for years!
Can’t hurt to give us a call.

Stopping Foreclosure

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.

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

IRS Taxes

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

file a tax return, but then I tell them and will tell you that one should file since

you may have $$money$$ coming back if you:

• had income withheld from pay
• qualify for earned income credit (EIC is refundable)
• qualify for the additional child tax credit (refundable)
• qualify for the making work pay credit
• qualify for the first-time homebuyer credit
• qualify for the American opportunity credit (a partial refundable credit)
• qualify for the adoption credit

Remember too, sometimes even if your income is less than the amount required,

you may have to file if you:

• owe special taxes
• want to recapture a credit
• have household employment tax
• received the advanced earned income credit
• earned $400 or more if self employed
• had wages of $108.28 from a church
• did not live with your spouse at the end of 2011 and gross income was $3,650 or more regardless of age
• or filing MFS and spouse itemized deductions.

IRS Taxes

Tax Preparation
Ask about Cash In A Flash
Call 1.800.826.1929 Today
Serving Greater Grand Rapids Area

Beautiful sight this morning with trees glimmering with snow.  Gets one in

the mood for some Christmas shopping.   Christmas may be a little slim, but

it is the spirit that counts:

Looking a lot like Xmas

Stop Dieting
Start Eating
And Start Living!

Watch this short Video to
find out –

5 foods NEVER to Eat
&
5 foods to BURN Fat in Overdrive

This video will show you how to
lose weight and be healthy