Monthly Archives: July 2009

Do you Develop and Utilize The Talents and Functional Skills of Friends and Family?

People's Talents

My Sister-in-Law and her boyfriend, are great people, but they did something last week which my made head spin. They signed a contract to buy a home for $250,000 without having an attorney review it. The document was 21 pages in length, and contained paragraph upon paragraph that is likely not to be considered English…

When Applying for a Mortgage don’t Forget to Calculate your Debt to Income Ratio

debttoincome

A buddy of mine is attempting to buy his first home, and learned a very valuable lesson that no one learns about until they attempt to buy their first house.  It is a lesson that most people do not think until their mortgage broker tells them the bad news.  I bet you are thinking, “Ugh another…

Another Reason to Check your Credit Report – New York Default Judgment Getting Thrown Out

JudgmentDay_thumb.jpg

On July 22, 2009, New York Attorney General Michael Cuomo filed papers to throw out 100,000 default judgments due to bad service.  When I wrote a post way back in December about Default Judgments and How they Affect your Personal Finances I skipped over service of the papers to start a lawsuit. New York Service…

Free McDonald’s McCafe

I just saw a commercial that I thought everyone would be interested in, but I couldn’t find the video, so I visited the McDonalds site and found my answer: 100% chance that on Monday I will be taking part in this promotion.  MAKE SURE YOU TWEET THIS ONE!

Writing the IRS in Response to Increase in Income due to 1099-C – Five Rules when Replying to the IRS

IRS

As I previously posted about, I learned that, Cancellation of Debt is Taxable Income, when my brother received notice that a creditor he had settled with 2 years ago filed a 1099-C for a deduction for Cancellation of Debt.  Luckily he has a brother who is nice and is willing to do research for him….

My Journey’s July 16th 2009 Update

One of the main reasons I started this site was to keep myself accountable to anyone that was reading. Ironic part, is that when I started I probably had no one reading so it was an exercise in futility! Fiscal Update My last update was on May 29, 2009 and before is one from March…