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Seven Ways Predatory Lenders Cheat the Elderly

Seven Ways Predatory Lenders Cheat the Elderly

Our community of elderly, retired homeowners has become a veritable jackpot for predatory lenders. The longer a homeowner has been in his home, the greater the accumulation of equity. Families today move more often than their parents or grandparents did, making the older, retired generation the perfect potential victim of a predatory loan.

Many older homeowners view their home as an investment or savings plan for their future retirement. They look forward to the days of no more mortgage payments and to the profit they can retire on when selling their lifelong home. Predatory lenders look forward to this equity buildup as well because they seek to profit from it! Predatory lenders historically extend loans based on the value and equity in a home rather than the ability of the borrower to repay the loan. Couples on fixed incomes, in a financial bind, are coerced into accepting loans against their home’s equity without realizing the true costs of these loans. Predatory loans can include one or more of the following:

  1. excessive loan fees
  2. extremely high interest rates
  3. expensive credit life insurance premiums
  4. homeowner’s insurance recommended by the lender
  5. prepayment penalties
  6. large balloon payments
  7. negative amortization

Mortgage contracts have become progressively complicated through the years. The requirement of more detailed explanations in contracts has only proven to lengthen these contracts and further confuse those less familiar with financial transactions. This again leaves the elderly in a vulnerable position when borrowing money.

The National Housing Institute, in its 2005 Jan./Feb. issue, relayed the story of an 84 year old widow, Florence McKnight. While lying in the hospital under heavy sedation she signed loan documents for the installation of new windows and other general repairs to her home. The bill for the work was only $10,000. The loan offered her was for $50,000. The 15 year loan amounted to $72,000 in payments with a balloon due at the end for $40,000. Those were some very expensive windows that someone else is now enjoying because Ms. McKnight was forced into foreclosure and lost her home.

Occasionally, legitimate subprime fha loans Houston can offer great help to people in financial trouble that are unable to get a conventional loan. But the temptation here just seems to be too great for predatory lenders. Subprime predatory loans benefit no one but the lender. The elderly community is stripped of their home’s equity and often forced into foreclosure. They must rely on their children to survive, as their incomes are fixed and now their credit is destroyed. This retired group is even encouraged by predatory lenders to take out loans to pay for their prescription medication!

The spike in sub-prime lending has not surprisingly coincided with the increase in foreclosures. It’s a real shame that one of our most treasured assets – our parents and grandparents are being ruthlessly solicited for the consumption of the equity they have so diligently strived to accumulate over the years. Predatory lenders use deceptive tactics to rob the next generation of their life long family memories as well the inheritance their parents had dreamed of leaving to them. Every day older Americans are losing their primary source of wealth, their retirement nest egg through the unethical practices of predatory lenders.

Helpful Hints for Opening Your First Office

Helpful Hints for Opening Your First Office

If that small business you started out of your basement is suddenly not so small, you’re probably readying to move to your first office. But the decision to do so may be one of the most complex and unfamiliar ones that you will have to make. Here are three helpful hints to ensure that your expanding enterprise gets off to a smooth and successful start.

Don’t Skimp on Your Furniture

Good furniture not only makes a statement to your clients, it creates a positive working environment for your employees. So when you begin looking into the best place to buy office furniture, start with retailers who offer a wide range of styles that are both pleasing to the eye and ergonomically designed. Many studies have shown that there’s a strong correlation between office surroundings and worker productivity.

Leave the Networking to an Expert

With a growing staff comes a wider communications network. While you may have successfully hooked up your phone and computer back in your basement, wiring an integrated office system is not for the faint of heart. There’s office layout, workstation phones, air conditioning units, and network infrastructure to juggle all at the same time. It’s best to look into professional cabling experts in your area and hire one that’s experienced in top-to-bottom office wiring.

Conserve Your Office Supplies

Office supplies can often deplete rapidly if you overstock them. If an employee sees an entire shelf of sticky note pads, he or she can burn right through them. Order only the amounts you’ll need on a weekly or monthly basis, and put one person in charge of your office supplies inventory.

Opening a first office is one of the most exciting moments in an entrepreneur’s career. Making wise decisions from day one is the key to long-term success.…

Fun Decorating Tips That Are Also Environmentally Friendly For the Inside and Outside of Your Home

Fun Decorating Tips That Are Also Environmentally Friendly For the Inside and Outside of Your Home

Christmas time is here and everyone is busy decorating their homes inside and out getting in the festive mood. Due to the economy, some people may not be putting as many lights on their homes to keep the electricity down or want to look for more environmentally friendly ways to decorate their homes. This article will give a few of those tips like using led picture lights to light up various parts of your home to save electricity, buying a potted tree that can be replanted after the season is over or an artificial tree to be reused year after year, picture houston outdoor lighting to focus on a particular collection of Christmas decorations and using natural products to be festive.

Many homeowners enjoy using Christmas lights on the outside of their home to get in the Holiday spirit. Rather than using the old lights that waste more electricity, think about investing in Christmas lights that are more energy efficient and help the environment by wasting less electricity. It will also help you save money over the long run so it is a great idea. For the entry or doorway of your home think about going to a place that sells live Christmas trees and ask for the branches that they cut off of the trees. You can use these to bundle up in wire to make a swag or string along a rope to make a garland that is fresh, beautiful and free. It is like recycling.

The Christmas tree is one of the main focal points of the inside of your home and for those that want to have a live tree, here is a great more environmentally friendly alternative. Instead of buying a freshly cut tree, consider buying a potted Christmas tree. This is a tree that still has it’s roots and can be planted in your yard after the holiday season is over. So, this way, you get a live Christmas tree and also one that you can continue to enjoy for many years planted in your yard. The other more green alternative is to get an artificial tree that can be used each year.

Another more environmentally friendly idea for decorating would be to make some homemade ornaments for the tree. This would be great if you have children at home that would enjoy this project. Have them collect some items from nature on a walk or just from your yard, like leaves or pine cones. These items from nature can be made into fun ornaments like a pinecone snowman or a leaf covered round ball to hang. Another fun idea is to take a pinecone cover it in peanut butter and roll it in birdseed to hang outside for the birds, just like a Christmas treat for them.

Use some of these creative and cost saving tips to decorate your home and to also help the environment and not only will your place look great, but you will feel better about doing it too. Merry Christmas!

Who Is a Criminal Defense Attorney?

Who Is a Criminal Defense Attorney?

A defense attorney is also referred to as barrister or defense counsel and is a lawyer who defends companies or individuals charged with different criminal conducts. A criminal defense attorney who is permanently based in a certain jurisdiction is called a public defender and works at different levels and practices within the jurisdiction.

Apart from the public defenders, there are attorneys who offer private services to individuals and companies to represent them in court and get better terms for the charges pressed against them. Detroit has plenty of public and private defenders although most people prefer going for the private ones as long as they can afford them since they feel they will get all the representation they need.

The public attorneys are paid by the government and represent people who cannot manage to hire their own attorneys because of varying reasons. With a houston dwi defense lawyer, the accused does not really need to testify although he or she is still examined closely by prosecution. The attorney is the one responsible to answer for the accused unless otherwise. It is common for most attorneys to have experience in prosecution as this helps them give the necessary defense to their clients since they understand all the tricks of the trade.

Detroit laws state that everybody is entitled to legal representation and defense regardless of how guilty he may appear on a certain case. At the end of all the hearings, it is then up to the jury and the judge in charge of the case to determine how guilty or innocent one is which will then determine the charges in line with the crime. Defending a criminal, especially a repeat offender can be very hard for criminal attorneys as they have to keep proving that the client is innocent. This can bring a bit of bad blood and can be quite challenging for the defender since most of the offences go against his or her values and ethics. However, full representation must take place.

In Detroit, Michigan, getting a criminal defense attorney is as simple as clicking three times on your computer. This is because there are so many law firms with well experienced and trained attorney who can handle any form of accusation against an individual or company. It is very easy to track a good defender through the internet and this way, you are also able to view his profile and all positive all negative feedback given by those who have tasted his services.

Detroit is a large city and if no precautions are taken, one can end up getting illegitimate attorneys who are only out to swindle people faking that they are certified and can represent you well. It is therefore crucial to always take caution and get the right firms with good reputation and those that you can afford to pay comfortably without having to struggle. When facing criminal charges, it is good to be prepared for the worst since the results can be to your favor or against you.

Pest Control Information You Can’t Afford To Miss

Pest Control Information You Can’t Afford To Miss

Why haven’t you started taking over your home by controlling your own pest situation? Ah, you need more information about that, and this article is here to help you with your situation. It’s a little exciting knowing you don’t have to pay the pest control bill because you can take care of it yourself. Keep reading to find out more information!

Keep in mind that pests are not fond of the same air you are. Your home might not have been designed for proper ventilation in crawl spaces and the attic. However, these spaces need sufficient ventilation so that the environments within them are not suitable to pests who might come in.

You do not always have to call an exterminator when you are trying to get rid of mice. There are several methods you can use including glue traps and poison. If you are concerned with harming the mice, you can repel them with specially made electronic devices that emit sounds they don’t like.

An easy way to control pests around your home is to always put food in air tight containers. Bugs are attracted all kinds of human food. When you reduce the access to this food by placing in air tight containers, you will reduce the chances of having a pest control problem.

If you decide to use pesticide, keep in mind that these harmful chemicals could hurt your pets. If possible, have someone take care of your pets until you get rid of your pest problem. Make sure the food you give to your pets does not come in contact with the pesticides.

Install a cap on your chimney to prevent birds, squirrels and other nuisances from entering. Not only do these animals’ nests present a fire hazard, but the critters themselves can carry lice and other parasites. The cap acts as a barricade, keeping intruders out while allowing smoke to pass through.

Check to see if your windows or screens are cracked or ripped as insects can easily penetrate any inconsistencies in your infrastructure. If you see that a seal has been broken, make sure that you fix this or get it replaced immediately so that it does not become an issue in the future.

Never leave food out longer than you need to. If you make a habit of leaving food out you will almost definitely run into a pest problem from time to time. If you, instead, make a habit of cleaning up after your food mess right away each time you will do a lot to keep pests away.

When you are doing landscaping on your home, you want to plant any bushes or plants at least a foot away from your home. You will experience less issues with spiders and ants getting into your house this way. They will not be attracted to your home if they are further away.

You are well equipped now to handle the pests in your home. There should be a sigh of relief knowing that you aren’t going to have to hire a pest control expert anymore. You have what you need to prepare a pest control plan in your home one your own with your family.…

Master Pest Control With These Tips And Tricks

Master Pest Control With These Tips And Tricks

When your home is your castle, you don’t want pests in it! The same goes for your office or business or other public venue. When you’re in control of dealing with the problem, how can you find help? This article is a great place to start, so keep reading to find out more.

If you want to avoid attracting small rodents, bugs and other pests, you want to be careful what you leave sitting around. Make sure that food is put away into containers and stored properly. Also make sure that crumbs are cleaned up and garbage is put away. A lack of attraction will surely keep those pests away.

Pests are good at finding small spaces to crawl into so make sure you seal proof your house. Check for any loose windows/doors and get them sealed tightly. Also check the screens in your house for even the smallest holes. If there’s a way to get in, they will find it.

Once a flea population has been established, they can be very difficult to eliminate. It is essential to eliminate all the fleas and their eggs from any animals who live in the home, and also kill any eggs, larvae and fleas from bedding and carpets. Keep in mind that it is vital to break their cycle of life, so do not hesitate to repeat the process multiple times.

If you have ants, look for boric acid. Boric acid, sometimes listed as orthoboric acid, is the most effective pesticide for ants. In addition, many of the baits containing this are safe for use around pets and children, although you should always carefully read all safety labels to be sure.

Clean any highly trafficked food areas every single day. Even a few crumbs each day can lead to a feast for pests over time. It’s best then to approach your cleaning not once a week, but daily for these areas. Even just five minutes will lead you to a cleaner area and less potential pests.

Termites can be a major problem for any homeowner; they can eat away at your house. One way to prevent them from getting in is by using sealant in your basement. This is a prime spot for them to enter. The best part is that sealant is not expensive and is easy to put on yourself.

Bee’s stings are painful, and can even be fatal for some people. Make sure bees do not build a nest on or near your home. If you notice bees near your home, check to make sure they are not building a nest. Wasp spray can be used from a distance to kill the bees before you remove the nest.

Insects such as silverfish are usually attracted by the humidity in your home. Damp places help silverfish thrive in your home environment. Give these pests a run for their money by dehumidifying your home. Make them learn an extra lesson by fixing leaky pipes and using proper ventilation in all areas of your home.

Just a few tips can truly go a very long way! The tips in this article should assist you in getting a great start towards being pest-free. Share this information with friends and family if they have similar problems and they’ll have undying gratitude for the rest of their days.…

Get Help With Your Home Business

Get Help With Your Home Business

Ready to start running your own home business? What’s the matter, you don’t know what to do or where to start with it? No worries, this article has your back. Below are some tips and tricks that can get you started with the basics of how to successfully run your own home business.

If you have a hobby such as carving wood, this can be a great skill to put to good use. Apart from selling the products that you can make, you can also, make a great deal of extra class from offering lessons to those who want to learn. Classes can be as large or small as you want.

Running your home based business is a challenge, it is important to reward yourself so you will stay motivated. For instance, for every work related task that you complete from your list, you could reward yourself with fifteen minutes of non work activities. This will help to keep you focused and motivated.

Keep track of the business miles that you are driving, since the federal government assigns them a monetary value each year that is deductible. Business miles include all miles driven in order for you to be able to conduct business. It is best to keep a ledger in your car, and use it fanatically to log every mile. This will aid you greatly when it comes time to do your taxes.

Set up a P.O. Box for your home business. It can be dangerous to use your home address on the internet, so setting up a P.O. Box will allow your family a measure of security. Even if your business is not on the internet, it is still a good idea to give yourself some anonymity through the use of this service.

Joining a network of other home business owners can be extremely beneficial to your success. It can be a good idea to set up your own home business network to easily communicate with other businesses. The members of your support group may have different business models, but the group should include others that also have the drive and motivation to pull off a successful home business venture.

Here is an idea for a home run business! If you are handy with fixing things around the house, you could consider running a Handyman Service. Many homeowners do not have the basic skills to make simple repairs to their homes. Having someone in their neighborhood that they can call on is a welcomed convenience. You can set your own rates by the hour or by the project, and have full control over what jobs you want to take.

Once you decide to start a home business you need to get online. It is essential that you choose the right host for your site. The first thing you need to do is figure out what your needs are. Do you want a simple HTML site or do you plan on including features such as a discussion board, a database and ecommerce? Your hosting company must support all of the features you need at a reasonable price.

With the previous tips floating through your thoughts, you ought to be ready to take on running your own home business! It does take research, a lot of work and some patience, but if you keep at it, it is indeed, achievable. So, go out there, enjoy yourself, and be successful!…

Be A Success In Making Money Online By Using These Ideas

Be A Success In Making Money Online By Using These Ideas

Many more people have moved to make income online in recent years. Many different opportunities exist for making money on the Internet. You can freelance for other companies, choose individual clients to work for or even participate in crowdsourcing. The tips below will help you get off to a good start.

Put your leisure time to productive use. There are tasks you can do which will make you money without much focus. You can find a lot of them on Mturk.com. Do a few tasks while you’re watching television. Don’t expect to break the bank with this technique, but you can make some of your time online pay off instead of being time completely wasted.

You can make money flipping domain names. There are many who can earn a living by simply flipping domain names. It the same concept as buying real estate but what you are buying is a web address with a great name. Use sites like Google Adsense to find keywords that are trending. Buy some acronym-based domains. Many of these can pay off.

Design and build websites for people on the web to make some extra cash on the side. This is a great way to showcase the skills that you have using programs like Kompozer. Take a class beforehand on website design if you want to brush up on your skills before starting up.

It can be very time consuming to learn about making money online. You will need to find what you are best at and stick to it. Make social connections within your niche to find your mentor, then test your ideas against their knowledge. With good information and a curious and open mind, you can learn all you need to know to make money online.

You can make money online at home by doing research as an information broker. Many individuals and businesses need people to research information online and provide it to their advertising departments. Sometimes this is freelance work. Sometimes companies provide an actual position that may come with benefits. You can start out freelance, build your reputation and then seek out a full time position if you wish.

Utilize your writing talents to write an ebook to sell online. Select a topic in which you have a great deal of knowledge and begin writing. E-cookbooks are often very hot sellers.

Translate documents if you are fluent in a second language and want to make money on the side. Check out the freelancing sites to find people who will need things altered into a different language. This can be anyone from a large corporation to an individual who wants to translate something for a friend.

Selling items on eBay is a great way to make some money online. You may have things that are just collecting dust in your home and taking up space. On eBay, you can sell these items. All you have to do is create a profile and put your items up for sale.

Generating an online income can be done in many ways; all you need is the right know-how. This piece has offered useful information that can get you going online right away. Use all that you have just learned to supplement your income or support your entire family.…