Archive for 'Bankruptcy'

Bankruptcy Filing Tips

Bankruptcy Filings...

Bankruptcy Filings... (Photo credit: MyEyeSees)

It can be very complicated to file for personal bankruptcy. Bankruptcies come in different types; what you choose is subject to your financial situation and the kind of debts that you have. You need to know all you can about bankruptcy before you decide to file your petition. The below advice can assist you in beginning.

During a Chapter 13 bankruptcy, you may still be able to get a mortgage or car loan. But, it could be harder. You must meet with a trustee to gain approval for a new loan. Draw up a budget, demonstrating that you can afford the new loan payment. The odds are also good that you will be asked exactly why you’re purchasing a new item. Make sure you have a good reason.

Make sure you hire a good bankruptcy lawyer. Because of the increase in bankruptcy filings, this field attracts a lot of newer, inexperienced attorneys. Be sure the attorney you retain has at least five years of experience and is board certified. The Internet could be a great help in checking the disciplinary record of a particular lawyer, as well as his background and client ratings.

Timing is everything. Timing can be critical when it comes to personal bankruptcy cases. For some people, filing right away is best, however for others, waiting a while is best. A lawyer is in the best position to evaluate your case and figure out when you should file for bankruptcy.

If your debt problem is mostly in the form of student loans, you might have a hard time filing for bankruptcy. The majority of states have very tough laws in regards to discharging student loan debt. If you wish to discharge student loan debt, it is necessary to demonstrate undue hardship for extreme hardship.

When you are on the road to filing for bankruptcy, you are likely to have more than a few conversations with your creditors. Make a point of getting any agreements you make with creditors in writing. Offers of flexibility received from your creditors can greatly affect your bankruptcy case, but they must be in written form.

Two to three months following your bankruptcy hearing, get a copy of your credit score from the major reporting agencies. It is important to make sure the report reflects your debts as satisfied and that any accounts you closed are noted. If anything is incorrect, then follow up quickly and start repairing your credit.

Some good personal bankruptcy advice is to think twice about getting a divorce when you are in a difficult financial situation. Many people who divorce must immediately file bankruptcy because of unforeseen financial difficulties. Reconsidering divorce can be a very smart option.

Now you can probably see that filing bankruptcy is a decision that is best thought out carefully before pursuing. After weighing all of your options, if you conclude that bankruptcy is the best option for your particular situation, be sure to hire a competent attorney. Follow the advice given in this article to get through this rough time and move on to a more secure financial future.

Disclaimer: The writer is not a licensed Attorney and is not giving legal advice in this article. The article was written for educational purposes only. Seek a competent Bankruptcy Attorney for answers to your individual legal questions.

Foreclosed Self Storage Facility Goes for $10.5 Million

Foreclosed Self Storage Facility Goes for $10.5 Million

Bancap Self Storage Group, Inc., the “#1 Self Storage Broker in California,” recently announced that the firm has successfully brokered the sale of the Casino Self Storage property located in the city of  Moorpark in Ventura County, California.  Dean Keller, the firm’s president, was the exclusive listing agent and sole broker in the transaction.  The sale was facilitated by special servicing company LNR Partners, LLC on behalf of a CMBS fund that had foreclosed on the property earlier this year.  The buyer was Public Storage, a publicly traded REIT, which will re-brand the property with its name.

“This is a classic example of a very desirable first class property that was just over-leveraged in a very difficult economic climate,” Keller said “It is the nicest storage facility in the city and it should perform very well in the long run.”

The property sold for $10.5 million on an “all cash” basis. This was much less that the property’s outstanding debt at the time of foreclosure.  Although physical occupancy was over 85%, economic occupancy was approximately 66%, offering further upside potential to the buyer.  The facility’s gross potential income at the time of closing was approximately $1,078,000 per year.

Casino Self Storage contains nearly 85,430 net square feet of self storage space divided into 822 units, including 91 climate controlled units.  The attractive two-story project was built in 2005 and is located on Los Angeles Avenue (also known as State Highway 118) on a highly visible corner in retail and commercial oriented location.  The buildings are constructed of concrete block and stucco with metal partitions, roofs and doors.

“There have only been a handful of foreclosed storage properties listed for sale in Southern California in the past few years and we have been the exclusive listing broker for most of them,” Keller said.  “There are plenty of buyers looking to “steal” lender owned properties, but we have been able to obtain very good and fair prices for the sellers – usually millions of dollars more than the “direct offers” received from potential buyers and other brokers before our listing and marketing of the property.  Self storage is such a unique property type and it takes a specialist with proven expertise and experience to maximize value for sellers in this unique property niche.”

Bancap Self Storage Group is the “#1 Self Storage Broker in California” with over $900 million in completed self storage sales, including many lender-owned “REO” properties, numerous portfolio sales, and a record setting single property sale at over $31 million.  For more information contact Bancap Self Storage Group at (949) 888-5355 or visit the company web site at www.bancapselfstorage.com

Contact: Dean Keller

Phone (949) 888-5355

Fax (949) 203-6105

Email: DKeller@BancapSelfStorage.com

Foreclosure Abuses by Banks Spurs Demonstrations

Foreclosure Abuses by Banks Spurs Demonstrations

Foreclosure Abuses by Banks Spurs Demonstrations-Image by Getty Images via @daylife

While thousands of Americans are rallying as part of the Occupy Wall Street protests, community development and consumer advocates in Raleigh are calling upon state and federal officials to protect consumers against big banks overstepping their legal authority.

The rally sponsors include Community Reinvestment Association of N.C., N.C. Association of Community Development Corporations, N.C. Community Development Initiative, and N.C. United.

While not a part of the national movement, advocates will hold a rally and march on the grounds of the state capital at noon today to call attention to the same kinds of illegal activities that are driving Occupy Wall Street and putting Americans in danger – namely, the widespread legal violations used by some banks to pursue foreclosures.

Speakers at the rally will be calling on key public officials to serve as “cops on the beat” to enforce the laws that govern the mortgage industry and to be vigilant in protecting consumers from manipulative practices that have widespread impact on local property values and home sales.

The rally coincides with a N.C. Supreme Court hearing of Dobson vs. Wells Fargo, a case in which the bank is pursuing a foreclosure without proper documentation to show its ownership of the loan. If the court finds in favor of Wells Fargo, it will overturn well-established N.C. property rights laws, place extreme burdens and inequities on low- and middle-income families when defending against foreclosures, and cause devastating decreases in property values for thousands of North Carolinians.

“Our system of protecting private property is what makes it safe to invest in this country,” said Peter Skillern, executive director of Community Reinvestment Association of N.C. “The big banks cannot be allowed to turn that system on its head by falsifying documentation in order to snatch property back from homeowners.”

Additional events will take place in cities throughout North Carolina during the month of October in order to spread awareness of the consequences of fraudulent foreclosure practices and the remedies that are needed.

CONTACT: Peter Skillern; office: +1-919-667-1557×22; cell: +1-919-667-4201; Michael De Los Santos; office: +1-919-667-1557×23; cell: +1-919-672-4755; or Susan Perry-Cole; cell: +1-919-608-1158

Web Site: http://www.cra-nc.org

Credit Card Companies Issue 5.4 Million New Sub-Prime Cards

Credit Card Companies Issue 5.4 Million New Sub-Prime Cards-Image via Wikipedia

 Equifax Credit Trends Report Shows Continued Year-Over-Year Growth Over 2010 Levels, Highest Levels in 3 Years —

Total bankcard originations for January-June 2011 are up by 27 percent over the January-June 2010 timeframe, continuing a sustained growth trend for the year, according to Equifax’s latest National Credit Trends Report.

More than 18 million new bankcards have been originated between January-June 2011. While this total represents a 3-year high for this timeframe, it is still considerably lower than the more than 34 million new bankcards originated during the pre-recession January-June 2007 timeframe.

Continuing a trend reflected by January-May 2011 data, the number of bankcard originations for subprime* borrowers exhibits a sustained increase over 2010 levels, and now accounts for more than 31 percent of all bankcard originations. With 5.4 million new subprime bankcard originations during January-June 2011, the total is now up 64 percent over January-June 2010 levels.

The increase in number of new bankcards coincides with an increase in credit limits as well, as January-June 2011 new bankcard credit limits maintain a 27 percent increase over January-June 2010 levels, and new subprime bankcard credit limits maintain an increase of 68 percent for the same timeframe.

Other key findings include:

  • Increasing levels of credit ($45 billion credit increase since Feb. 2011) coincides with decreasing numbers of bankcard delinquencies.
  • The number of bankcard delinquencies is declining to pre-recession levels, but the average size (dollar amount) of bankcard delinquencies is increasing.

“The latest Credit Trends data clearly indicates a continuation of increasing numbers of bankcard originations and higher new bankcard credit limits,” said Michael Koukounas, Senior Vice President – Special Client Services for Equifax. “While bankcard origination numbers are still far from their pre-recession levels, bankcard delinquency levels have actually declined below pre-recession levels and I expect a continuation of this trend in the near term.”

*defined as those with Equifax credit scores less than 660

About Equifax

Equifax, Inc. is a global leader in consumer and commercial information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers.

Headquartered in Atlanta, Equifax operates and has investments in 17 countries, and is a member of Standard & Poor’s (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange under the symbol EFX. For more information, please visit www.equifax.com.

CONTACT: Daryl S. Toor, +1-404-885-8858, Daryl.toor@equifax.com, or Tim Klein, +1-404-885-8555, tim.klein@equifax.com

Web Site: http://www.equifax.com

Foreclosure Numbers Keep Rising as Banks Release Inventory

Foreclosure Numbers Keep Rising as Banks Release Inventory-Image by niallkennedy via Flickr

BankOwnedProperties.org reports that Alabama and Georgia showed a drop in bank foreclosures in March of 2011 but then spiked upwards in April and continues to grow in both states. Behind this activity is the cumulative effect of foreclosure processing delays which masked the reality of the foreclosure effect. The August numbers reveal what lies behind that veneer.

Activity jolted higher in August providing evidence that lenders are disproportionately pushing batches of delinquent loans through foreclosure as they fix their paperwork and documentation actions and as some local markets are determined able to absorb more foreclosure inventory. Across the United States there are some 1.4 million more homes in the process of being listed in foreclosure.

In the Birmingham, Alabama area, home prices declined in August, pressured by foreclosure-related transactions.

In Alabama’s largest metro area, home prices, including distressed sales, fell by 9.6 percent in May from 2010. In April prices fell 9.3 percent compared to the same time in 2010. The overall decline for Alabama home prices was 8.9 percent in May.

Unemployment findings seem to mirror the volume of foreclosures. Notice the number of foreclosure properties and the unemployment numbers in close proximity of the same month for the states of Alabama and Georgia:

Alabama Bank Foreclosures
August:  1048
July: 1087
June: 1305
May: 1281
April: 1308
March: 1027
February: 1190
January: 1141

Alabama Unemployment Rate and Numbers
August: 9.9% (213,271 people)
July: 10% (215,426)
June: 9.9% (213,271)
May: 9.6% (206,809)
April: 9.3% (199,749)
March: 9.2% (195,210)
February: 9.3% (196,714)
January: 9.3% (196,125)

Georgia Bank Foreclosures
August: 7732
July: 4277
June: 6098
May: 5616
April: 3828
March: 3575
February: 4569
January: 4587

Georgia Unemployment Rate and Numbers
August:  10.2% (478,953 people)
July: 10.1% (474,258)
June: 9.9% (464,867)
May: 9.8% (460,172)
April: 9.8% (460,896)
March: 10.0% (468,550)
February: 10.2% (476,750)
January: 10.3% (483,873)

Alabama’s unemployment rate slightly dropped to 9.9 percent in August down from 10.0 percent in April, as a weak labor market was again unable to sustain the growth of people looking for jobs. And more significantly, August’s unemployment was above the 9.1 percent rate of August 2010.

The number of unemployed people rose above 200,000 for the first time since May 2010, to almost 213,271 in August 2011. Statewide unemployment peaked at 10.4 percent in late 2009, when nearly 225,000 people were jobless. But storms and tornadoes damaged areas of Alabama which also added to the unemployment numbers.

The weak national economy also affects Alabama. The national unemployment rate rose to 9.1 percent in August, from 9 percent in January.

In Georgia, more than half of the state’s 159 counties have jobless rates higher than 10 percent. In Brunswick, where the unemployment rate increased to 9.8 percent from the 9.6 percent jobless rate in April, there were 140 new job seekers and only 23 of them found a job. Fulton County, which includes the city of Atlanta, was at 10.9 percent. Georgia appears to be sustaining better employment numbers even though foreclosures continue to rise, revealing that the number of foreclosure properties in progress are about to deluge the market.

Those who have struggled over the past six to twelve months with securing employment while delinquent on their payments are exposing the backlog now of homes that will soon be available to the buyers and investors.

CONTACT: Susan Redfield, BankOwnedProperties.org, susanredfield@bankownedproperties.org, +1-347-329-4477

Web Site: http://www.BankOwnedProperties.org

UFAN: Will investigations by state Attorneys General help uncover improper practices by mortgage lenders?

In a statement released by her office, California Attorney General Kamala Harris announced recently the creation of a mortgage fraud task force. The task force is comprised of 17 lawyers and eight special agents from the state Department of Justice, and will investigate everything from small scale fraud targeting borrowers to large scale corporate practices, according to the Attorney General’s Office.

The task force created by Harris signals that California is now taking an aggressive approach to the fraud underlying the mortgage crisis seriously affecting the state, and coincides with a nationwide effort among all 50 state attorneys general to investigate the causes and effects of the mortgage crisis, as reported by the L.A. Times. Harris told the Times “California was disproportionately harmed by the mortgage crisis, and our homeowners badly need relief. We will critically evaluate every possible avenue of relief for Californians. If it will result in real accountability and real results, no option will be off the table.”

According to the Attorney General’s Office, “Last year alone, there were foreclosure filings against 546,669 California homes. It is projected that between 2009 and 2012, a total of 2 million California homes will enter the foreclosure process. In the last year, the California Department of Justice has received thousands of complaints related to foreclosure scams, mortgage fraud, and mortgage servicing practices.” These figures are distressing to say the least.

In conjunction with the announcement of the task force, the Attorney General announced the subpoena of Lender Processing Services, Inc. (LPS) in May for its role in “robo-signing” of mortgage documents. Robo-signing refers to bank employees signing documents required in the foreclosure process without verifying their content or accuracy. LPS is alleged to have prepared and recorded these false foreclosure documents on behalf of some of the major mortgage lenders and servicers in the country. The company is based in Florida but has several offices in California and, according to its website, services more than 50% of the mortgages in the US. In its press release, the Attorney General’s Office warned that the risks of robo-signing are particularly serious in California where foreclosures are mostly unsupervised by the courts.

UFAN has recently filed suit against Bank of America (case # 34-2011-00109314) and Wells Fargo (case # 34-2011-00110146) in Sacramento County Superior Court, alleging multiple causes of action related to mortgage lending practices. It is UFAN’s hope that the investigation will uncover facts that will bolster the cases filed.

ABOUT THE UNITED FORECLOSURE ATTORNEY NETWORK

UFAN Legal Group, PC dba United Foreclosure Attorney Network (UFAN) is a Roseville, California-based law firm providing mortgage litigation and other debt related legal services. The dedicated attorneys and staff at UFAN work tirelessly to seek justice and fight for the rights of its clients. For more information call toll free 1-866-400-4242.

This release may constitute attorney advertisement. The information in this release and on the UFAN website (ufanlaw.com) is for general information purposes only. Nothing in this release or on the UFAN website should be taken as legal advice. Prior successes are no guarantee of future performance. Litigation is inherently uncertain and results in litigation are never assured.

 

Fed’s Foreclosure Assistance Program Has New Life

New Ads Drive Struggling Homeowners to Call 888-995-HOPE and Go to MakingHomeAffordable.gov Website As Part of Ongoing Campaign

The Ad Council, in partnership with the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD), have joined together to launch a new phase of their Foreclosure Prevention Assistance Public Service Advertising (PSA) Campaign. The campaign aims to increase awareness of the Making Home Affordable® Program’s free resources and assistance for homeowners who are struggling with their mortgage payments.

One in 11 homeowners nationwide has missed two or more mortgage payments. Many struggling homeowners delay conversations about their mortgage concerns and enter foreclosure without ever reaching out for assistance. The new PSAs notify homeowners facing mortgage trouble that options other than foreclosure are available, and the sooner they act, the more options they have for the best possible outcome.

The Foreclosure Prevention Assistance campaign encourages homeowners to call 888-995-HOPE (4673) to speak one-on-one with a HUD-approved housing expert to discuss the solutions that are available based on their individual circumstances. In addition, the program website, MakingHomeAffordable.gov, serves as an online resource for struggling homeowners to learn about options other than foreclosure.

Created pro bono by Schafer Condon Carter, a Chicago-based advertising agency, the new television, radio, print, out of home, and online PSAs have been created in English and Spanish. The PSAs aim to inspire homeowners who are unsure of where to turn to reach out for help as soon as possible.

“The Making Home Affordable Program has already assisted over a million homeowners,” said HUD Secretary Shaun Donovan. “Housing counselors are ready to continue their work with homeowners to discuss specific solutions for their mortgage problems. Struggling homeowners do not need to work through their concerns alone. The key is encouraging homeowners to pick up the phone now to explore their options.”

Treasury Secretary Tim Geithner added: “While the housing market is still distressed, the Administration’s programs have helped establish better standards for the mortgage industry. As a result, struggling homeowners have more options today than ever before. We are continuing to do everything we can to help stabilize the market and to ease the burden on struggling homeowners. And that includes working to make sure families and individuals know about the resources available to them.”

“We are proud to continue our partnership with Treasury and HUD on this critical issue of home foreclosures that affects so many Americans,” said Peggy Conlon, president and CEO, the Ad Council. “We are confident that these new PSAs will resonate with homeowners struggling with their mortgages and encourage them to call 888-995-HOPE or visit the website to learn what they can do to prevent foreclosure.”

“All of us at Schafer Condon Carter have been honored to work with the Ad Council and its sponsors at Treasury and HUD on the Making Home Affordable campaign,” said David Selby, president of Schafer Condon Carter. “We know that the financial burdens currently facing many homeowners are paralyzing. We’ve captured this emotion with a creative treatment that shows people frozen in time while the world goes on around them. Speaking directly to these homeowners is key in getting them to get the help they need as soon as possible.”

The Ad Council will distribute the new PSAs to more than 33,000 media outlets nationwide. The new advertisements build on the successful nationwide campaign first launched between Treasury, HUD and the Ad Council in the summer of 2010. The PSAs will air in advertising space donated by the media.

The Advertising Council
The Ad Council (www.adcouncil.org) is a private, non-profit organization that marshals talent from the advertising and communications industries, the facilities of the media and the resources of the business and non-profit communities to produce, distribute and promote public service campaigns on behalf of non-profit organizations and government agencies.  The Ad Council addresses issue areas such as improving the quality of life for children, preventive health, education, community well-being, environmental preservation and strengthening families.

Schafer Condon Carter
Schafer Condon Carter is Chicago’s top independent mid-size advertising agency and one of the fastest growing shops in the United States. SCC has built its success by challenging the status quo and delivering a tightly orchestrated, fully-integrated brand vision for its clients across an infinite set of consumer touch points. A simple mission drives the agency’s entrepreneurial spirit and aggressive, growth-oriented culture: “Think Again.” SCC’s client roster includes: Allen Edmonds, Armour Eckrich, Beam Global Spirits & Wine, Brach’s, Brunswick, ConAgra Foods, General Mills, Land O’Lakes, National Pork Board, New Chapter, optionsXpress, Rotary international, and Solo Cup. The agency’s wholly owned network includes SCC|Grossman Public Relations and SCC|Digital. For more information visit www.sccadv.com.

CONTACT:
Ad Council Newsroom (212) 984-1923
Treasury Public Affairs (202) 622-2960
HUD Public Affairs (202) 708-0980

Amscot Financial, a leading provider of convenient, consumer-oriented financial services, has surpassed a major milestone with the opening of its 175th branch in Ocala.

Founded in 1989, Amscot Financial has grown into a dominant provider of financial services across Central Florida, covering now 16 counties lying roughly along the Interstate 4 corridor. Amscot Financial serves more than 2 million customers per month and will conduct this year more than $7 billion worth of financial transactions.

The new branch in Ocala is located at 2594 Southwest College Road. Like most Amscot branches, it is located at a high-traffic intersection, convenient to a multitude of other business locations in Ocala. Also like other Amscot branches, the Ocala location will be open seven days a week, 365 days year. The hours are 7 a.m. to 9 p.m. Monday through Thursday and on Saturdays. On Fridays, the store remains open until 10 p.m. On Sundays, the hours are 10 a.m. to 8 p.m.

“We have found that our customers value convenience,” said Amscot founder Ian MacKechnie. “They want to be able to conduct their financial transactions quickly and at times and places convenient to them.”

Amscot’s new Ocala branch initially will create about 10 jobs, MacKechnie said. Depending on the location’s growth, it could generate as many as 20 total jobs for the Ocala area.

Amscot Financial is The Money Superstore™, offering an array of convenience-oriented financial services, including the cashing of personal checks, out-of-state checks and government checks. The company also offers small cash advances; Western Union wire transfers, notary services, pre-paid debit cards, free money orders and income tax preparation. Amscot Financial also allows customers to make bill payments to more than 200 different utilities, municipal governments, cable and telephone companies.

Amscot Financial employs more than 2,000 associates who work at the company’s 175 retail branches and at the company’s corporate headquarters in Tampa. The company currently operates retail locations in Hillsborough, Pinellas, Pasco, Hernando, Polk, Hardee, Highlands, Manatee, Sarasota, Orange, Osceola, Seminole, Lake, Volusia, Brevard and Marion counties.

About Amscot Financial

Headquartered in Tampa, Fla., Amscot Financial is a leading provider of income tax preparation and electronic filing services, refund anticipation loans, prepaid debit cards, check cashing services, cash advance services, bill payment services, money transfer services and money orders through its wholly owned division, Amscot International Money Order Company.  Amscot also offers the Amscot Card, a pre-paid debit card that allows owners to make purchases from any location that accepts MasterCard™. Amscot Financial currently operates 175 tax preparation offices and 175 retail financial service centers throughout Florida and employs more than 2,000 people. Amscot Financial has been recognized by the Tampa Bay Business Journal as one of Tampa Bay’s Best Places to Work for four consecutive years. For additional information, please visit the company’s Web site at www.amscot.com.
http://www.amscot.com

Buying Investment Properties in Australia

Buying Investment Properties in Australia-Image via Wikipedia

Buying an investment property in Australia is a fairly simple exchange provided that you know precisely what’s concerned and what your legal rights and needs are. Australian property possession laws are very different from the US laws, and plenty of the investment strategies used in the USA aren’t directly pertinent to the Australian market. Before you ever invest your money in Australian real estate, you need to invest some time and money in your own education.

Speak with Agents, Developers and Barristers

One system to learn as much as you can about the Australian property marketplace is generally to speak to industry leaders like real-estate agents, property developers and lawyers. Local real-estate agents can tell you about property values, fluctuations in the property market, and how to construct an offer to purchase the property. Dependent on what sort of property you’re looking for, property developers can tell you about the method of purchasing off the plan and will keep you up to date withnew properties under development.

Your lawyer will be able to answer any specific legal questions that you have relating to the preparation and exchange of contracts, title searches, zoning of the property and anything more legally required or regulation. If you’re wanting to use a less typical investment technique that you have learned about in a convention or book, your lawyer will counsel you about how that strategy can successfully be applied in the Australian market place.

Property Investment Seminars

Another technique to learn about the process of making an investment in property in Australia is to go to a property investment workshop. These types of workshop are held by the larger property companies and are often run on a regular timetable in the most capital towns and larger regional areas around Australia. This type of convention can be invaluable as they discuss the key points of the method of buying property, tell you about Australian property hotspots, and introduce investment concepts such as positive cash flow property, negative gearing, tax benefits, borrowing for your next property, using your equity and more.

Learn from the Gurus

Many Australian investors discover they learn many basic and advanced property investment strategies at workshops run by other property investors- the so-called ‘Property Investment Experts’. Such gurus are plentiful in nations like the US and many Australian Property Investors first get interested in property as a result of listening to a US-based Property Expert. Fortuitously there also are many wonderful Australian Property Investment Mavens, all of who will have their specific systems and specialities, and who will teach methods which will definitely work in Australia. A number of these gurus offer free or very inexpensive introductory workshops, and many have great content-rich web sites and books that provide a lot of information to folk fascinated by property.

Printed Media

Your learning will not be complete without newspapers and magazines. Subscribing to one or more of the many monthly property investment mags available will not just keep you up to date with current trends but also offer tips on mortgage lenders, current rates, expansion areas and new developments in major centers. Newspapers permit you to check the costs in your local marketplace, and to see what’s available for sale.

Invest in Your Own Education

The most outstanding property investors spend some time and some money making an investment in their own education- they are going to have their favorite books, subscribe to certain magazines and will follow an Expert or two. Why not copy success and do the same?

Real Estate Express is real-estate investing software that is a superb tool developed by John Bone to help Australian Property Investors when buying investment property.

Credit Card Processor Reveals Tips on Paying Lowest Rates

Credit Card Processor Reveals Tips on Paying Lowest Rates-Image via Wikipedia

MerchantService.com, a leading merchant services provider of credit card processing, is pleased to announce the release of a new article on their site titled, “Pay the Lowest Credit Card Processing Rates with Interchange Pass Through.” The article focuses on the importance of understanding the technicalities of credit card processing and interchange pass through rates in order for merchant businesses to thrive.

“Many merchant businesses fall victim to credit card processing scams that can damage the strength of the business,” said MerchantService.com co-founder, Gino Kauzlarich. “Our services are straight-forward and we offer interchange pass through rates closest to the wholesale price so that businesses can make a considerable amount of profit by saving on credit card processing rates.”

Interchange pass through can be hard to come by because it is the cheapest merchant account rate. Many merchant services do not even provide this service because it can be detrimental to their company, and some only offer interchange pass through pricing to well-established merchants that can achieve a considerable processing volume.

“The great thing about MerchantService.com is that we are looking to build healthy relationships with businesses, no matter how large or small they are. While most merchant services deny the option of interchange pass through to small merchants, we feel as though they need this opportunity the most in order to establish a steady base and from there, grow to become a successful business,” said Mr. Kauzlarich.

According to “The Survey of Consumer Payment Choice” conducted by the Federal Reserve Bank of Boston, nearly 80 percent of consumers own a credit card, making credit card machine services a necessity in merchant businesses as to maximize profits from credit purchases.

To read the full article, visit: http://www.merchantservice.com/merchant-account-blog/index.php/2011/08/pay-the-lowest-credit-card-processing-rates-with-interchange-pass-through/

For full press release, visit: http://www.merchantservice.com/merchant-account-blog/index.php/2011/08/merchantservice-com-releases-new-video-on-paying-the-lowest-credit-card-processing-rates/

For additional information, please visit www.merchantservice.com.

About MerchantService.com:

Established in 1995 by founders Gino and Julie Kauzlarich, MerchantService.com is a leading provider of today’s most innovative and cutting-edge wireless credit card machine services. Their innovative method of offering credit card merchant services and solutions through a consultative team approach designed to increase merchants’ bottom line profits ensures their merchant members always receive optimal rates when accepting electronic payments while also increasing total sales, accelerating cash flow and improving efficiency.

CONTACT: MerchantService.com, +1-888-288-3816, info@merchantservice.com

Web Site: http://www.merchantservice.com

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