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Jan 18

Fannie Mae and Freddie Mac Execs Get Paid

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There is always two sides to every story. Should the executives be paid that much for what they do? I don’t know really, but I don’t think they should be a martyr and give all the money back that they get paid. We don’t live in a communist country where everyone receives the same pay check.

Fannie Mae and Freddie Mac Fatcats With your Money

Rep. Barney Frank: Multi-Million Dollar Bonuses to Freddie, Fannie ‘Too High’ CNS News – The Obama administration recently approved base salaries of $900,000, plus $3.1 million in deferred payments, and another $2 million in bonuses for the CEOs of the failed mortgage giants Fannie Mae and Freddie Mac. When asked if tax dollars should pay those bonuses or if they should be cancelled, the chairman of the House Financial Services Committee, Rep. Barney Frank (D-Mass.), told CNSNews.com that the bonuses were “too high” but “nothing can be done now.”

GM, Chrysler, Fannie, Freddie Exempt from Obama’s Proposed Tax on TARP Recipients CNS News – Even banks that have already paid back their portion of the $700-billion federal bailout would be subject to a special tax under a White House proposal that opponents call punitive. But the failed and government-controlled mortgage giants Fannie Mae and Freddie Mac would not be subject to the tax, although they also received bailout money. President Obama blasted “obscene bonuses” on Wall Street Thursday.

Seventy GOP Congressmen Call on Geithner to Cancel Bonuses for CEOs at Government-Owned Fannie Mae and Freddie Mac CNS News – Seventy Republican members of Congress want Treasury Secretary Timothy Geithner to cancel up to $6 million in bonuses and deferred compensation — approved before Christmas 2009 — for the chief executive officers of the failed mortgage giants Fannie Mae and Freddie Mac. “(T)here’s a letter that’s going to Sec. Geithner from a number of us calling for a rescission of those bonuses,” Rep. Michele Bachmann (R-Minn.) told CNSNews.com Wednesday.

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Jan 12

Real Estate Auction Types

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Real estate auctions are becoming more popular as sellers do there best to find creative means to sell their home. Real estate auctions can be successful, if they are done correctly. This article explains some of the differences between the different real estate auctions.

The Different Types of Real Estate Auctions

By Ken Fong

A real estate auction works pretty much like any other type of auction. It does not matter if the property is owned by the seller, or a government auction of foreclosed property, auctions are an exceptional way for selling and buying property fast, with the prospect of receiving a great deal.

There are typically three forms of auction used in a real estate. They are Absolute Auctions; which is where the property is sold to the highest bidder regardless of the price this is a no reserve auction. Minimum Bid Auctions start at a minimum bid, which is declared before the auction starts. Reserve Auction is where the minimum bid is private the seller sets the minimum bid that he is willing to sell the property for. The auction goes on like there is no minimum, but if the reserve price is not met, there will be no winning bidder.

The ways which these auctions are executed can differ depending on the kind of property, and the way in which the seller desires to auction his property. These include Sealed Bids which is where bids are mailed in to a specified place before the opening of bidding. Bids cannot be changed once the bidding has opened, and the property is given to the highest bidder. Nobody knows what anybody else bid, so you bid the amount of money you are willing to spend to win the property.

Public Auction is the most common form of auction, this is where bidders register to bid and bring the bid deposit to the auction. Bidders bid on the property which is run by an auctioneer once the bidding is over the highest bidder is given the property.

Auction by Mail is where bid deposits are mailed to the appointed office and bidders are able to raise their bids by mail, e-mail, fax, on-line, or in person. The auction lasts a few days, and the high bidder is awarded the property when bidding stops.

On-line Auction is where the bidding is done online and the highest bidder at the end of the auction wins the property.

Ken Fong
Real Estate Articles

Article Source: http://EzineArticles.com/?expert=Ken_Fong
http://EzineArticles.com/?The-Different-Types-of-Real-Estate-Auctions&id=3278202

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Dec 15

Investing In Tax Sales

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Tax sales are another niche that seem to stay under the radar from most investors. It is a way to get real estate for much less than the value or, get paid without every owning real estate. These articles explain some of the techniques.

What To Avoid With Tax Liens

What to avoid with tax liens. Tax liens are created when a property owner fails to pay their property taxes. The county places a lien on the property for taxes owed plus fees and interest. The county will often auction the liens off to investors in order to get the back taxes paid quickly.

You may already know how profitable tax liens can be to a investor, but they can also be a nightmare if you are not careful with your due diligence. Here are just a few things to check before purchasing a tax lien.

Is the lien coming from the county or state or is it coming from a third-party. If you are purchasing the tax lien directly from the county then you can be assured that it is a legal lien. Counties do not do the research for you. You will still need to find out what other liens on are the title before purchasing the liens. –more

How To Find Out About Tax Sales

How do I find out the tax revenues that are coming into your country? There are three ways I know to find the sales tax free or nearly free.You possible in the newspaper, go to the tax collector, or go to a site that sells lists of sales tax.

The first way to discover the tax revenue is coming up in your area to view the legal notices in local newspapers. Most of the districts a notice of tax sale on the spot, and the list of properties thatoffered for sale in a local newspaper halfway between two and four weeks before the sale. This method is not entirely free, because you buy the paper. You must also know when to hold the sale so that you know when you start looking for him.

A better way to find out when and where the sales tax is required, the tax collector, or is responsible for sales in your country is to call and ask. Most of the time, this is the county treasurer or tax collector, but sometimes taxThe sales are made) from the sheriff’s office (particularly in certain countries, in fact. –more