Jul
8
Stocks extend gains after financial stocks climb
July 8, 2010 | Tagged Business | Leave a Comment
NEW YORK — The Dow Jones industrial average broke a seven-day slide Tuesday after traders sifted through the market for beaten-down stocks. Investors tried to recover some of the big losses that piled up following weeks of disappointing economic reports. The Dow Jones industrial average rose 57 …
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Financial shares pulled the stock market higher Wednesday after State Street Corp.'s second-quarter profit forecast topped analysts' expectations.
Jun
22
AP sources: Obama revealing health law details – Boston Globe
June 22, 2010 | Tagged Market News | Leave a Comment
WASHINGTON— President Barack Obama is revealing details of how the government will enforce the health overhaul law, an announcement expected to focus on how insurance companies must treat consumers. Administration officials were meeting privately Tuesday at the White House with insurance company …
Jun
11
Trade deficit rises, demand for exports slips – Kansas City Star
June 11, 2010 | Tagged Real Estate | Leave a Comment
The U.S. trade deficit rose to the highest level in 16 months as exports fell for the second time in three months, a potentially worrisome sign that Europe's debt troubles are beginning to crimp American manufacturers. The Commerce Department said Thursday the trade deficit widened to $40.3 billion …
Jun
9
Real Estate
June 9, 2010 | Tagged Real Estate | Leave a Comment
Probate real estate investing refers to purchasing property from estates held in probate. When a person dies all of their assets, including real estate, are transferred to probate. Depending on the complexities and circumstances, probate can last between six months to three years. If the decedent has an outstanding mortgage on their real estate holdings, the estate is responsible for making payments. Insurance, taxes and utilities must be paid through the estate, as well as property maintenance.
Probate real estate investing provides an option to beneficiaries who are struggling to make ends meet. This is particularly true for estates which are managed by a probate executor who resides out of town. Property maintenance and mortgage payments can cause tremendous financial burden for estate administrators; particularly if it will take years to settle the estate through probate.
Investing in probate real estate can yield a tidy return on investment. Oftentimes, real estate can be purchased well-below current market value when beneficiaries are in need of cash. Purchasing probate real estate does not require special training. However, real estate investors who engage in purchasing probate properties should possess strong communication skills and a sense of compassion. Probate investors work with people who have recently lost a loved one. Therefore, it is important to approach estate administrators in a kind and gentle manner.
The first step of probate real estate investing requires a visit to the local courthouse. When an estate is placed into probate it becomes a matter of public record. Investors can locate potential real estate deals by researching probate records. In most cases, the decedent will have executed a Last Will and Testament which outlines how they would like their property and personal belongings distributed.
The name of the designated estate administrator is listed in the Will. The Administrator is authorized to make decisions regarding distribution of property. If the estate is in financial trouble and cannot afford to make payments on real estate holdings, the administrator plays an instrumental role in deciding to sell the property.
Next, investors will search deed records to locate real estate held in the decedent's name. Records of deeds record land ownership and transactions. Whenever property is transferred or sold, a new deed is recorded. Deed records reveal if the real estate has a mortgage. If so, the estate is required to continue payments throughout the duration of probate.
Probate real estate investors quickly learn how to determine if an estate needs to liquidate assets. If the real estate has a second mortgage attached to it, investors typically have a better chance of purchasing property from the estate.
Once probate investors compile a list of potential real estate deals, they must make contact with the estate administrator. This can be accomplished by phone, mail or in person. It is imperative that investors be respectful and offer condolences in their initial contact with the executor.
Many estate executors are unaware they can liquidate probate real estate holdings. Offering to purchase real estate held in probate could solve their financial problems and provide investors with instant equity in their investment.
It is important to note if multiple heirs exist, they must all agree to sell real estate held in probate. In some instances, the estate may be required to obtain permission from the probate judge to sell their real estate holdings.
Probate real estate investing offers multiple opportunities to obtain profitable deals. While it does require a bit of detective work and negotiating with grieving heirs, probate real estate deals can provide a win-win situation to all parties involved.
Apr
30
Pharmaceutical firms agree to settle on Topamax – Danbury News-Times
April 30, 2010 | Tagged Business and Finance | Leave a Comment
WASHINGTON (AP) — Two subsidiaries of pharmaceutical giant Johnson & Johnson have agreed to pay more than $81 million stemming from allegedly illegal promotion of the epilepsy drug Topamax for psychiatric uses, the Justice Department announced Thursday. Federal drug regulators approved Topamax as …
Apr
25
Senate GOP leader says financial bill not ready (AP)
April 25, 2010 | Tagged Business, Business and Finance, Financial, Market News | Leave a Comment
AP – The Senate's Republican leader says the financial overhaul bill isn't ready for a full Senate debate.
Feb
10
How To Make It Big In Real Estate Investing
February 10, 2010 | | Leave a Comment
You may be ecstatic to now discover that it seems the recession is officially over. The majority of the parts of our economy are finally seeing signs of growth and development. This means that it is the opportune time to think about real estate investing. The last few years of a sluggish economy resulted in many homes being repossessed by financial institutions so the housing market is still not as cost-prohibitive as it has been.
The residential property market is constantly adapting. To be able to max out your profits from a real estate portfolio you should learn some basic principles and tips that are must-haves in this type of investing.
There has been just a plethora of tactics to learn about Flipping Real Estate, to get a thriving investing business going this year.
