Archive for October, 2010

Cash Out Refinancing – Releasing Equity From Your Home

Monday, October 25th, 2010

For home-owners wishing to release some of the equity from their homes, cash out refinance has become an increasingly popular alternative to home equity loans. But what exactly is cash out refinancing?
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Home Loans and Upfront Payments

Monday, October 25th, 2010

Home loans upfront payments refer to the amount of money given on purchase of flat or house before applying and getting the loan amount. There are various procedures for loan approval and then on approval of the loan the client can get the desired percentage of amount as home loan. One usually tends to oversee the amount of upfront payments even though it can be of a substantial amount.
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Reduce Your Mortgage With a Forensic Loan Audit

Monday, October 25th, 2010

The lending business has gone through an evolution over the past few years and many changes have been implemented to improve options for the homeowners. Even though excellent mortgages are offered today, there are now new forms of fraudulent practices surfacing as well. This becomes a hazard to the unsuspecting homeowner who ends up with a “toxic” mortgage.
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Remortgage to Build Your Property Portfolio

Monday, October 25th, 2010

Remortgage to Build Your Property Portfolio With so many foreclosed properties on the market, a lot of people who have never invested in real estate before are starting to get involved. You can make a very good profit on some of these homes, but the number one thing that keeps people from investing in real estate foreclosures is the money. Where do you get the money to buy foreclosures?
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What Will Cause Your Home Loan to Be Declined?

Monday, October 25th, 2010

Home Loans: For many, owning a home is a lifelong goal and few get to achieve it on their own, therefore, most need some financial help, and that comes in the form of a home loan from a bank or financial institution. You need to meet the various banks’ criteria to be approved, but I’ll list some problem areas to watch out for to ensure that you don’t get declined. Avoid these pitfalls and you shouldn’t have a problem.
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Review On Advantages of Using SA Home Loans

Monday, October 25th, 2010

SA Home Loans started granting bonds to South Africans since 1999 and since then has grown it’s client base rapidly due to their innovative way of looking at home loans. Some of the advantages of using SA Home Loans to get a bond approval are…
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6 Holiday Items You Shouldn’t Pay Full Price For

Monday, October 25th, 2010

Sale, sale, sale! Get used to hearing and seeing this for the next two months or so. But before you get sick of it, remember that you need to take advantage of the seasonal discounts that winter time brings. Even though you should try to save on anything you buy, there are six items above [...]6 Holiday Items You Shouldn’t Pay Full Price For is a post from: Money Crashers …
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Buying a Used Car – How Much Can You Afford?

Monday, October 25th, 2010

The first step to buying a used car is determining how much you can comfortably afford. Doing so before you begin shopping will prevent you from disappointment, or worse, a rash decision to buy a car that is beyond your means. There are three key pieces of information that you should nail down first: your down payment and your monthly payment.Read the rest… …
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Did you notice a jump in food stamp traffic?

Monday, October 25th, 2010

Have you noticed a jump in the number food stamp recipients? It is true that rules have changed in about 30 states during the past three years so that more families – especially working poor – are eligible. The Associated Press has more specifics about that situation. But there’s a difference between eligibility and actually [...] …
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How Likely Are you to Lose a >$1M Lawsuit?

Monday, October 25th, 2010

Some people seem to think that multi million dollar lawsuits are as common as the common cold.   This might be because of the disproportionately high amount of media coverage such lawsuits receive and/or the amount of crime dramas that we watch on TV.   I don’t think large lawsuit awards are nearly as common as people make them out to be.  I don’t personally know anyone who has been sued for anything over a few thousand dollars over a car accident.  When you start to talk to friends eventually you might hear of a friend of a friend who was involved in a big lawsuit.  Of course this is just my own anecdotal evidence.    I decided to go out to find some actual data to figure out how frequent lawsuits with large cash awards are.  

I found data from 2005 on civil cases.   The Bureau of Justice Statistics has data in their report
Civil Bench and Jury Trials in State Courts, 2005

In 2005 there were 26,948 total civil trials.   56.4% of them were won by the plaintiff.  

The median award was $27,998.   Overall about 4.4% of the winning plaintiff’s got awards of $1 million or more.    This tells us a …
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