Bankruptcy Attorney Ventura Oxnard Camarillo Santa Barbara Bakersfield Woodland Hills Los Angeles CA

Susan J. Salehi Bankruptcy Attorney Ventura, Oxnard, Camarillo,Santa Barbara, Bakersfield, Woodland Hills, Los Angeles,CA .Represented 1000's of debtors in Chapter 7 and Chapter 13 Bankruptcy cases since 1992. Free Consultation. Chapter 7's can help you get rid of Credit Card debt, Medical Bills,and Start at only $999 Attorney Fees. Restrictions Apply.Stop Foreclosures with a Chap 13. Operators 24/7. (805)654-1467

Sunday, June 30, 2013

Underwater homeowners find they've become accidental landlords

http://www.nbcnews.com/business/underwater-homeowners-find-theyve-become-accidental-landlords-6C10064290

A Sale Pending sign is seen in front of a home on April 29, 2013 in Miami, Florida.

Maria Wells said she never intended to be a landlord. She sells real estate; she doesn't invest in it. Now the Florida resident owns two properties. One was her son's, but he had to move to take a new job.
The other was hers, but she got married and moved in with her husband. She can't sell either because she is underwater on both mortgages, so she rents them. Maria is one of a growing cadre of what the Realtors have dubbed, "Accidental Landlords

The Law Office of Susan J. Salehi has helped 1000’s of people like yourself with Chapter 7 and 13 bankruptcies since 1992, both in the Santa Barbara/Ventura and Kern County areas. We offer a free consultation, reasonable rates and payment plans. All of your options will be explained during your free consultation with the attorney at the Law Offices of Susan J. Salehi. Start at only $999 Attorney Fees. Restrictions Apply. Stop Foreclosures with a Chapter 13. Operators 24/7. (805) 654-1467, (818) 880-8305, (661) 631-0252, (805) 202-4688.

Saturday, June 29, 2013

6 Money Leaks That Are Draining Your Finances

http://www.learnvest.com/2013/05/6-money-leaks-that-are-draining-your-finances/

Like a leaky faucet loses water, too many of us let money slip away in unseen fees, charges and general overpayments.
As long as finding and fixing each leak doesn't require more effort than it's worth, you're doing yourself a favor by breaking out the proverbial wrench. If you can find just six ways to save $10 every month, at the end of the year you've got an extra $720 in the bank.
Keeping that in mind, could you be leaking money in one of these ways? Read on to find out.

Friday, June 28, 2013

This Housing Upturn Looks Like the Real Thing

http://business.time.com/2013/05/15/why-this-housing-upturn-looks-like-the-real-thing/?iid=biz-main-belt

By Michael Sivy

Ever since the recovery began in 2009, a weak housing market has held back the U.S. economy. The first rebound in home prices was lackluster and after only a year was followed by another dip. But the recent upturn in home prices looks like the real thing. One clear sign of a turning point: In March, homeownership hit a 17-year low, while the 12-month gain in home prices was the biggest in seven years. Those two extremes suggest that the market has hit bottom. The people who are least well financed have been squeezed out, while demand is growing among people who can afford to pay higher home prices. If that trend continues – and there are good reasons to believe it will – a substantial burden will be lifted from the U.S. economy.

Thursday, June 27, 2013

Want to Refinance Your Student Loans? The CFPB Wants to Help

http://www.dailyfinance.com/2013/05/18/refinance-student-loans-cfpb-proposal/

by Dan Caplinger

In recent years, millions of homeowners have taken advantage of low interest rates to refinance their mortgages. Yet one area where most people haven't benefited from lower rates on long-term debt is with their student loans.

One government agency is looking to draw attention to the impact that student loans have on the overall economy and the potential economic boost that better student-loan refinancing options could have.

How Student Loans Hurt the Economy

Wednesday, June 26, 2013

How to Protect Your Business From Personal Legal Trouble

http://www.entrepreneur.com/article/226659

Recently, I had a client get in a car accident that was clearly his fault. The other driver and passengers were seriously injured and the claims are going to be in the hundreds of thousands, if not millions. What makes the situation more precarious is that my client owns a successful business, a few rental properties and a personal home with equity in it. Regrettably, he and his wife had not taken steps to protect their wealth in the past because they didn't think something like this could happen to them.

Tuesday, June 25, 2013

A Debt Payment Plan That'll Boost Your Credit

http://www.foxbusiness.com/personal-finance/2013/05/20/debt-payment-plan-thatll-boost-your-credit/

Dear Debt Adviser,
I'd like to pay off about $5,000 in credit card debt over the next one to two years. This is an old debt, and I will not be incurring other charges in that time. I have recently received offers for a zero percent credit card balance transfer as well as a personal loan from my bank at 10% interest. The bank loan is a fixed rate, and the credit card interest would increase to about 18% at the end of 12 months. I have done the math, and it would cost about the same to use either the balance transfer or bank loan to pay off this debt. However, I hope to begin shopping for my first home once this is paid off, and I am wondering which of these options would be a better choice for improving my credit score.
-- Lyn

The Law Office of Susan J. Salehi has helped 1000’s of people like yourself with Chapter 7 and 13 bankruptcies since 1992, both in the Santa Barbara/Ventura and Kern County areas. We offer a free consultation, reasonable rates and payment plans. All of your options will be explained during your free consultation with the attorney at the Law Offices of Susan J. Salehi. Start at only $999 Attorney Fees. Restrictions Apply. Stop Foreclosures with a Chapter 13. Operators 24/7. (805) 654-1467, (818) 880-8305, (661) 631-0252, (805) 202-4688.

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Monday, June 24, 2013

The 8 Best Ways to Spot Counterfeit Money

http://www.dailyfinance.com/2013/05/03/how-to-spot-counterfeit-money-new-100-dollar-bill/

The latest redesign of the U.S. $100 bill is set to enter circulation in October, and along with its sleeker look, the bill has new security features designed to thwart counterfeiters. For instance, some portions of the new $100 are printed in a color-shifting ink that would be extremely difficult for counterfeiters to duplicate: The Liberty Bell on the note will appear to shift from copper to green when the bill is tilted.

These changes to the bill are part of an ongoing effort to help distinguish real currency from fake. "It is a constantly evolving process of putting more and more features on the bill to allow the comm

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Sunday, June 23, 2013

Saving for College: Where to Start

http://www.foxbusiness.com/personal-finance/2013/05/02/saving-for-college-where-to-start/

Every parent knows it’s important to save for college, but it’s hard to know where to start. But as the cost of a college education continues to rise with no end in sight, creating and sticking to a savings plan is crucial to avoid crippling student loan debt.
According to Mark Kantrowitz, publisher of FastWeb.com and FinAid.org, over a 17-year period, the cost of college increases by about a factor of three. That means children born today will pay three times the current cost for a degree when they are ready to go off to college.

Saturday, June 22, 2013

6 Financial Planning Tips for 40-Somethings

If you're in your 40s, you could be considered either a "late baby boomer" or member of "Generation X." Either way, you're at a time in your life when you're putting youth aside and should be doing some financial planning for your future and your family's future.

A dilemma faced by people in their 40s is that they typically need to be saving for college tuition for their kids and putting money into a retirement account while simultaneously buying a house or saving for a down payment. Financial experts can help you sort out where your savings should be going in your 40s.

Friday, June 21, 2013

Prepaid Cards Replacing Traditional Checking Accounts

http://www.foxbusiness.com/personal-finance/2013/05/02/prepaid-cards-replacing-traditional-checking-accounts/?intcmp

The prepaid card industry has come a long way since its inception, and it looks like the cards are here to stay.
Prepaid cards first hit the market on college campuses in the 1970s, emerged as prepaid phone cards in the 1980s and packaged as gift cards in the 1990s. In the early 2000s, prepaid debit cards hit the market from financial giants Visa (V) and American Express (AMX).
Prepaid cards became popular with consumers who didn’t qualify or couldn’t afford traditional bank accounts. The industry serves a niche market -- the underbanked, which data estimates to be around 20% of the population.

Thursday, June 20, 2013

401(k), Mortgage Tips for the Nearly Retired

http://www.foxbusiness.com/personal-finance/2012/12/05/401k-mortgage-tips-for-nearly-retired/

Dear Dr. Don,
I'm 57 and hope to retire in about nine years. I need help getting my finances in order, and I was looking for advice on what to do with any spare cash. Would it be better to pay off my mortgage early, or should I try to boost my 401(k)?
I have about $175,000 in my 401(k) plan. Meanwhile, my mortgage has about 23 years left at 6% interest with a loan balance of about $120,000. My lender has appraised the house at $125,000 and isn't interested in working with me on refinancing the mortgage.
Thanks for your help,

The Law Office of Susan J. Salehi has helped 1000’s of people like yourself with Chapter 7 and 13 bankruptcies since 1992, both in the Santa Barbara/Ventura and Kern County areas. We offer a free consultation, reasonable rates and payment plans. All of your options will be explained during your free consultation with the attorney at the Law Offices of Susan J. Salehi. Start at only $999 Attorney Fees. Restrictions Apply. Stop Foreclosures with a Chapter 13. Operators 24/7. (805) 654-1467, (818) 880-8305, (661) 631-0252, (805) 202-4688.

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Wednesday, June 19, 2013

What Kids Should Know about Taxes

Taxes represent a great portion of every American’s financial life, yet it’s rarely taught in our schools. This lack of formal education often leaves us crossing our fingers when filing tax returns, hoping that we filled out each section correctly and claimed the right amount of deductions.

I have provided tax workshops several times at the local high school to teach kids—and despite the complexity of the actual tax code, it’s not a difficult subject and the kids catch on right away. Hey, when it affects our pocketbooks, the learning curve goes down a bit.

Tuesday, June 18, 2013

7 Things You Didn't Know Your Homeowner's Insurance Covered

http://www.savvysugar.com/Surprising-Things-Homeowners-Insurance-Cover-29917060

You may have a vague idea of what your homeowner's insurance covers, but it's time to get educated on its proper coverage to make full use of it. Of course, every insurance policy is different, but there are some similarities among them. Here are some things you may be surprised to see covered in many homeowners' insurance policies:

Student property: The homeowner's insurance covers property belonging to all members of the household, even if they go away for college. Most likely, the student will have to be housed in a college-owned property, like a dorm, to qualify for coverage. Expensive property like laptops and cell phones can be covered by the insurance plans.
Pet bites: If Fido gets you into legal trouble by biting one of your neighbors, your home insurance may take care of everything if you meet some of their requirements, such as the breed of the dog.

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Monday, June 17, 2013

FHA's solvency plan isn't fair

http://finance.fortune.cnn.com/2013/05/02/fhas-solvency-plan-isnt-fair/?iid=SF_E_River

The government insurer, which may or may not be in need of a bailout, plans to generate $10 billion by locking middle class borrowers into high fees for decades.

FORTUNE -- This is what you call kicking 'em when they're down.
Consumers who don't have a lot of cash to put down when buying a house usually have to pay a higher rate than typical borrowers for the first few years of their mortgage. Now, thanks to a change at a government program, they will have to pay that elevated rate for as long as 30 years.

Sunday, June 16, 2013

Job Hunting? 8 Tough Interview Techniques to Prepare For

http://www.savvysugar.com/Job-Interview-Advice-30112211

Job interviews: Nobody likes them, but they inevitably stand between you and your dream job.
Unfortunately, “What’s your greatest weakness?” is no longer the only hard-to-answer question hiring managers will throw your way.
RELATED: 11 Things Hiring Managers Won't Tell You
New techniques, designed to do everything from measure your ability to handle criticism in the moment to downright intimidate you, are now being wielded more frequently by HR managers.
Life and Career Coach Anna Goldstein, founder of SelfintheCity.com, walks you through eight curveball interview techniques you might encounter, and the best way to ace each one.
Read on to find out what made the list.

Saturday, June 15, 2013

Credit Unions vs. Banks: Which One Should You Pick?

http://www.savvysugar.com/Should-You-Pick-Credit-Union-Bank-30195781

You should go with a credit union if:

You want your say. A credit union is a nonprofit, membership-run financial institution. This means that when you become a member, you own part of the bank. Once you join, you automatically get voting privileges to elect the board of directors. So in a sense, if you don't like their management, you can vote them out.
You want better service. Because of this member-run and voting system, credit union members tend to be more satisfied with the customer service than customers of big banks.

Friday, June 14, 2013

Should You Buy Mortgage Points to Lower Your Interest Rate?

The Law Office of Susan J. Salehi has helped 1000’s of people like yourself with Chapter 7 and 13 bankruptcies since 1992, both in the Santa Barbara/Ventura and Kern County areas. We offer a free consultation, reasonable rates and payment plans. All of your options will be explained during your free consultation with the attorney at the Law Offices of Susan J. Salehi. Start at only $999 Attorney Fees. Restrictions Apply. Stop Foreclosures with a Chapter 13. Operators 24/7. (805) 654-1467, (818) 880-8305, (661) 631-0252, (805) 202-4688.

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http://www.cnbc.com/id/100706124

Foreclosure prevention counseling fair

Deeply indebted homeowners with government-backed mortgages may have a fresh shot at receiving meaningful mortgage relief, but it will likely come with strings attached.
Earlier this week, President Obama nominated House Financial Services Committee member Mel Watt (D-N.C.) to head the Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie Mac.

Monday, June 10, 2013

What Is Net Worth?

http://www.dailyfinance.com/2013/04/05/net-worth-definition/

April is Financial Literacy Month, and our goal is to help you raise your money IQ. In this series, we'll tackle key economic concepts -- ones that affect your everyday finances and investments -- to help you make smarter choices with every dollar decision you face.

In a nutshell, net worth is what you get when you subtract liabilities from assets -- what you owe from what you own. Like many economic and financial terms, net worth can apply in a variety of situations.

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Sunday, June 9, 2013

With Damaged Credit, Can I Get a Mortgage?

http://www.foxbusiness.com/personal-finance/2013/05/01/with-damaged-credit-can-get-mortgage/

Dear Dr. Don,
I have come to the conclusion that I must downsize my home and reduce my mortgage payment. Am I able to get a loan for a new, smaller house with about half the mortgage payment when I recently had two late payments on the mortgage on my current home? I do have a potential buyer for my house. I would need a mortgage for the new, smaller house. Is this going to be impossible?

Saturday, June 8, 2013

Should I Take out a Loan to File for Bankruptcy?

http://www.foxbusiness.com/personal-finance/2013/04/30/should-take-out-loan-to-file-for-bankruptcy/

Dear Bankruptcy Adviser,
I am trying to file bankruptcy and have talked to a lawyer. Unfortunately, I do not have the money to file without making my financial situation even more delicate. I have thought of getting a small personal loan just to cover the expenses of the lawyer so I can file. I know that is not the right way to do things, but I see no other option. Is it possible to do that and still have that debt eliminated as well? Or would I just be creating a bigger hole for myself?

Friday, June 7, 2013

Obama Administration Shortens Health Insurance Form

http://www.foxbusiness.com/personal-finance/2013/04/30/obama-administration-shortens-health-insurance-form/

Consumers still confused over the health insurance benefits under the new federal health care overhaul got a little help from the White House Tuesday.
The Obama Administration shared a three-page short form for single insurance applicants to fill out under the Affordable Care Act.
The simplified application is shorter than industry standards and was created after the public gave feedback that the original 21-page draft application was too long and complex, a senior administration official told FOX News the move.

Thursday, June 6, 2013

Should You Buy Mortgage Points to Lower Your Interest Rate?

http://www.foxbusiness.com/personal-finance/2013/05/01/should-buy-mortgage-points-to-lower-your-interest-rate/

If you are looking for a way to reduce your monthly mortgage payments, buying points could lower the interest amount.
Called discount points by mortgage brokers and lenders, this tactic is like an upfront payment for a lower interest rate, and one point is 1% of the loan amount. So if you had a $100,000 mortgage, one point would cost $1,000 while two points would cost $2,000.
“Paying for points lowers your interest rate because the lender receives the income in a lump sum at closing rather than collecting the interest as you make payments on your loan,” says Les Kramsky, executive vice president and general counsel to Silk Abstract Company, a title insurance agency and a real estate attorney in New Jersey

Wednesday, June 5, 2013

Will my Husband's Business Card Debt Hurt my Credit After Divorce?

Dear Your Business Credit,
I am going through a divorce and live separately from my husband. He uses credit cards for his business. Some of the cards are in his name alone, and the bills go to his new address. I'm worried that it will hurt my credit if he doesn't pay the bills on time. Is there anything I can do to make sure he does not ruin my credit rating?

http://www.foxbusiness.com/personal-finance/2013/04/22/will-my-husband-business-card-debt-hurt-my-credit-after-divorce/#ixzz2RVIlf1OG

Tuesday, June 4, 2013

You Won a Big Cash Settlement -- Now What?

http://www.foxbusiness.com/personal-finance/2013/04/19/won-big-cash-settlement-now-what/

by Don Taylor, Ph.D., CFA, CFP

Dear Dr. Don,

I'm 23 years old, and have just come into a large settlement from a car accident. I have paid off my student loans and have about $400,000 left. I understand that return of investment is more important than return on investment but have no idea where to start. What should my first steps be?
Thanks,

Monday, June 3, 2013

What Happens When You Don't File Your Taxes

http://www.dailyfinance.com/2013/04/17/what-happens-when-you-dont-file-your-taxes/

by Business Insider

By Mandi Woodruff

What actually happens to Americans who either forget or flat out refuse to file their taxes?

The simple answer is that it's nothing good. In fact, after doing some digging, we're pretty sure you'd be better off filling out your tax forms in crayon than sitting on your hands and letting the IRS have at you.

"There's simply no hiding from the IRS," says Odysseas Papadimitriou, CEO of Cardhub.com. "Level with yourself as well as the IRS about your ability to pay, pick a payment option that makes the most sense, and make sure to honor the terms of your agreement."

Sunday, June 2, 2013

Getting Approved: How Lenders Judge You

http://www.foxbusiness.com/personal-finance/2013/04/19/getting-approved-how-lenders-judge/

by Rick Grant

As a consumer, you’re used to being the one with the power to judge the products and services you purchase and the companies that offer them. But when it comes to financing your new home or refinancing the one you already own, you hand that power over to the mortgage lenders and, more specifically, the underwriting department.

Saturday, June 1, 2013

Borrow From Retirement Accounts for House?

http://www.foxbusiness.com/personal-finance/2013/04/22/borrow-from-retirement-accounts-for-house/

by Dr. Don Taylor, Ph.D., CFA, CFP, CASL

Dear Retirement Adviser,
Aloha! I was reading a Q-and-A about taking out a loan from an individual retirement account and an article about taking out a loan from a 401(k) on Bankrate. Can I take out a loan from either an individual retirement account or a 401(k)? My husband and I want to buy a house and we need money for the cash down payment.