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July 30, 2013
A common question asked by parents of injured children is "What is a structured settlement for minors and how will it help my child?" In the simplest terms, it is a financial tool for safeguarding monetary awards acquired through a lawsuit.
The best approach for fully understanding what is a structured settlement is to consult with a lawyer. This is especially important when children have sustained injuries due to an automobile accident or negligence of another person.
Since there are so many variables involved with personal injury cases, it is imperative to get help from legal professionals. With that being said, it is helpful to have a basic understanding of structured settlement annuities and compensation plans.
July 05, 2011
Loan consolidation is a strategy that can be used to eliminate high interest loans. The process involves taking out a new loan to pay off outstanding debts. Therefore, debtors must have sufficient credit scores to obtain financing.
While loan consolidation may seem like a good idea, it's important to calculate the true costs before submitting a loan application. This is especially crucial when taking out a home equity loan which requires using real estate as collateral.
January 14, 2011
An IOU note is commonly used to record the promise to pay a debt. This document can be used amongst family and friends and when borrowing money from a bank or credit union. When banks issue IOU notes, the document is referred to as a promissory note.
The IOU note records pertinent information about the loan. It should include the names and contract information for the borrower and lender, total amount of funds borrowed, installment amounts and dates, interest rate, and maturity date. Financial institutions usually include a default clause which states what action will be taken if borrowers default on the loan agreement
August 16, 2010
Foreclosure auction refers to selling real estate at public auctions so banks can recover financial losses associated with the foreclosure process. While it is true real estate can be purchased below market value, buyers should take time to understand the process involved and engage in due diligence prior to placing bids on distressed properties.
A foreclosure auction usually takes place at a public location such as county fairgrounds and local courthouses, but can also occur at the property being auctioned. Public auctions offering multiple homes for sale allow buyers the opportunity to scout out potential deals.
July 20, 2010
Buying probate property is a little-known way to enhance investment portfolios or buy a house priced below market value. Investing in probated real estate requires a little more work than buying homes from realtors or mortgage lenders, but the savings can be well worth the effort.
Probate property is real estate held in probate court. When a person dies their assets are held in probate until the last will is validated and outstanding debts are paid. On average, the probate process lasts between three and nine months. Inheritance property cannot be distributed to heirs until the estate is settled.
June 16, 2010
For many Americans, savings account equates to a piggy bank. With skyrocketing unemployment and foreclosure, millions of citizens barely have enough money to pay their bills, let alone save for the future. But, the truth of the matter is people need to set aside money for unexpected expenses, investment opportunities, and retirement.
Establishing a savings account can be accomplished from the comfort of home, as many financial institutions offer online banking. However, consumers should take time to conduct research in order to obtain the highest rate of interest and avoid transaction fees
May 31, 2010
High interest savings account refers to bank savings accounts that pay a higher annual percentage yield than traditional accounts. Prior to the banking crisis, the average rate of interest for savings accounts varied between 2-1/2 and 5-percent. Today, the average interest rate is less than 1-percent.
It is crucial for consumers to comparison shop high interest savings account providers in order to obtain the highest return on investment. Financial experts recommend seeking out banks that compound interest daily. Many banks compound interest on a monthly or quarterly basis which can substantially reduce the accrued interest; defeating the purpose of placing your money into a high interest savings account.
May 03, 2010
The Prudential real estate buying bank owned foreclosure list is an excellent resource for locating discounted properties across the nation. Foreclosure properties are quickly becoming a favored choice amongst home buyers and real estate investors because they oftentimes provide instant equity and are nearly always priced below market value.
Home buyers can utilize the Prudential real estate buying bank owned foreclosure list to scout out all types of properties. Whether you're looking for a single family residence or commercial real estate, chances are you will find a perfect match via the Prudential foreclosure list.
April 15, 2010
Obtaining secured loans with bad credit can be considerably more difficult than if you have good credit. However, with research and perseverance borrowers can locate poor credit lenders willing to give them a second chance.
Secured loans require borrowers to utilize some form of valuable asset as collateral. Assets might include real estate properties, vacant land, motor vehicles, water craft, or business equipment. Depending on the circumstances, amount of required funds and type of collateral, banks may require bad credit borrowers to obtain a creditworthy co-signer.
March 26, 2010
The Countrywide foreclosure list is an indispensable tool for real estate investors. On any given day, investors can locate over 15,000 foreclosures, bank owned, and cheap homes for sale located across the nation. Most properties are priced well below market value and sold in "as is" condition.
Countrywide foreclosure list properties are part of HUDs Neighborhood Stabilization Program. NSP allows qualified borrowers to obtain grant money to purchase bank owned homes in an effort to stabilize communities hit hard by foreclosure. Recipients of NSP funds have access to properties under Bank of America's "First Look" Purchase Program.