From
The Heart
Steve Srein-Founder/Editor The holiday season is quickly
coming upon us. Thanksgiving and the Christmas
holiday seasons are just around the corner.
We want to take this time to extend our warmest wishes to you and
your loved ones. For those that are serving in our military
abroad and here in the USA, to protect the freedoms we so richly
enjoy, our deepest thanks, prayers and support go out to
all of you.
We continue our successful mission in helping people work thru
this tumultuous times we are in. Helping people achieve their
dreams. Helping people save money and helping people avoid
costly mistakes. People have counted on us for over 30 years
to meet or exceed their financial needs.
People put their trust in the
information we provide. It is an awesome responsibility
that is not taken lightly.
I realize that the destiny of those we serve are in our hands, and
that my friend is a sobering though. Each time I or one of
our colleagues meet with
people, we treat our clients financial matters as if they were our
own.
It's personal. It's Professional.
We want to thank you for your loyal support all of these years!
And for those that have not had an experience working with us and our
fine services, we invite you to give us a call and see for yourself.
It will be refreshing and rewarding to see that People Really Do Come
First!
Steve Srein brings his 34 years of banking, financial
and real estate experience together in one easy to read newsletter. Steve
gives you a simple format with links that will help you easily navigate
and understand these important subjects.
JoAnn Srein brings over 12 years of financial and real
estate experience to our team of writers.
You
have the best people in the industry on your side working hard to
earn your business.
The goal of the People
Come First Newsletter is
to keep you informed with the latest financial and real estate news that
will help you make sound financial decisions.We strive to save our subscribers and customers MONEY!
Together we invite you to share the People Come First
Newsletter with your friends, family and associates.Anyone can subscribe by sending us an email to
Info@PeopleSaveMore.net
and ask for our newsletter. Or
they can visit www.PeopleSaveMore.net
and click on the Newsletter section.
"It is
finally official. The homebuyers' tax credit has been extended to
April 30, 2010.
President Barack Obama
approved the extension as part of a $24 billion economic stimulus
bill signed Friday. The bill also includes an extension of
unemployment benefits to the longtime jobless and tax credits for
some businesses.
The housing tax credit portion of the bill extends the $8,000 tax
credit for home buyers who are purchasing their first home from the
current November 30 deadline and expands the program to offer a
credit of $6,500 to other homeowners who have lived in their current
home for at least five years and are seeking to relocate."
"$100K
homes dominate the market"
BY JOHN McCARTHY
FLORIDA TODAY
At the beginning of this decade, Brevard Countys real estate
market was dominated by homes selling for less than $100,000.
The end of the decade is shaping up the same way.
In 2000, half of all residential properties in Brevard were sold for
less than $100,000 and in 2001, the figure was 42 percent, according
to a FLORIDA TODAY analysis of county property sales records.
"Homebuyers contemplating
purchasing a condominium should review a long list of documents and
other information to make sure that the property they are
considering is a solid buy in this challenging market." Read Complete Story at
Realtor.org/realtormag
Thomas M. Hayes All
Brevard
Certified Appraisals, Inc.
(321) 259-6640
Home Inspection News
Jon Tremper Tepee Inspections, Inc. (321) 777-1538
Are the Insurance
Companies Taking Advantage of You?
"You
probably wonder why the insurance companies want to value your homes at
almost double. Well the first is what you would thing they want the
premiums but the value of the home sets the value for the contents of
your home. The hidden agenda here is your deductable increases as a
percentage of the homes replacement cost value."
"Chinese drywall has been recently been identified
as a potential problem in homes built or remodeled from 2001 2008. The
problems appear to originate with tainted compounds contaminated with high
levels of sulfur used in the manufacture of the drywall. Symptoms of a house
with Chinese drywall include a sulfur- like (rotten eggs) smell, discoloration
and deterioration of plumbing fixtures, darkening and discoloration of electric
wiring conductors, air conditioning evaporator coils and other exposed metal
components, including jewelry."
"Fannie Mae offers
borrowers option to foreclosure"
By ALAN ZIBEL, AP Real Estate Writer
Thu Nov 5, 6:25 pm ET
"WASHINGTON
Can't pay the mortgage? You still might
be able to stay in your home.
Government-controlled mortgage company
Fannie Mae is going to give
borrowers on the verge of foreclosure
the option of renting their homes for a
year."
"New Deed-for-Lease
Program.
This announcement introduced the Deed-for-Lease
Program (D4L), which allows qualified borrowers with properties
transferred through deed-in-lieu of foreclosure (DIL) or their
tenants to remain in their home by executing a lease in conjunction
with a DIL."
Feds Key Interest Rate Holding at .0% to .25%
WSJ Prime Rate 3.25%
"What happens if you don't pay
the mortgage"
By
Harriet Johnson Brackey
Sun Sentinel (MCT)
"We all talk about
what ifs.
One big what if that many homeowners
have today has to do with mortgages.
About one-third of South Florida
mortgages are underwater, meaning the
homeowners owe more than the home is
worth at today's depressed prices,
according to First American CoreLogic.
Some homeowners are certainly wondering
why they're sending in the payment on,
say, a $300,000 mortgage, when the house
today would sell for only $210,000."
Most
mortgage loans written these days are FHA. Here is a quick
snap-shot of the advantages.
Lower Down Payment - 3.5% of sales price
Sellers Can Pay Up to 6% of Buyers Closing Costs
Gifts are ok - Can be from a relative
You do not have to be a first time home buyer
Credit Scores Starting at 620
Loan limits to $290,250
If you have a story or experience to tell, send us
an email Click
Here
Freedom Financial
George Kiratzopoulos
Financial Professional
(321) 446-0646
Express LCL Services, Inc.
129. W. Hibiscus Blvd
Melbourne, FL 32901
(321) 729-6399
Wills, Incorporations, Adoption
Divorce, Bankruptcy & More.
FDIC - Failed Bank List
"The FDIC is often appointed as receiver for failed banks. This page
contains useful information for the customers and vendors of these
banks. This includes information on the acquiring bank (if
applicable), how your accounts and loans are affected, and how
vendors can file claims against the receivership.
Failed Financial Institution Contact Search displays point of
contact information related to failed banks.
This list includes banks which have failed since October 1, 2000."
"Getting the most value from
any annuity arrangement begins with an understanding of the
relevant income tax rules. This helps us to understand how
much income taxes will be taken from our annuity payments
during retirement. This article will discuss some important
tax rules you need to be aware of with respect to
annuities."
IRS - "Top Seven Tips for
Taxpayers Starting a New Business"
"Anyone starting a new business this
summer should be aware of their federal tax
responsibilities. Here are the top seven things the IRS
wants you to know if you plan on opening a new business
this year."
IRS - "Rental Real Estate
Income, Deductions & Records"
Headliner Volume 271
July 8, 2009
"If you own
rental real estate, you should be aware of your federal
tax responsibilities. All rental income must be reported
on your tax return, and in general the associated
expenses can be deducted from your rental income."
WASHINGTON ― "The
Internal Revenue Service today provided guidance for retirement plan
administrators, plan participants and retirees regarding recent
legislation affecting required minimum distributions. The Worker,
Retiree, and Employer Recovery Act of 2008 waives required minimum
distributions for 2009 from certain retirement plans."
Bookkeeping Services Starting at low as $15.00 Per Hour
Quarterly Tax Preparation Starting as low as $25.00 Per Return
QuickBooks & QuickBooks Pro Qualified
25 Years Bookkeeping Experience
We Can Help You Prepare For Tax Season Too! Call Today - (321) 242-8240
The Computer Savvy Guy
will walk you thru all the steps you need, OVER THE PHONE, to help
you solve your computer woes.
Got computer problems and need someone you can talk to, call Mark,
Mr. Computer Savvy Guy at
(321) 758-0941 or email him at
computersavvy76@comcast.net.
Your comments are very important to us. Others that we
have the opportunity to serve would like to hear what you have to
say. That's why we created our online Customer Comments page.
Thank you - I appreciate all your efforts nice working with a
pro.
Dan Lambdin, Asset Home Realty, LLC
Our
Experience with People's First was an absolute pleasure. They
are hard-working and very professional. We will highly
recommend them.
Clark Colbert - Palm Bay, FL
Steve--Thank you very much for examining the info I sent you. I
appreciate your honesty and your work ethics. It means a lot to me.
I
will always turn to you first in any future transaction to see if
you can help me out. Also, if any of my friends need your services,
you will be the one that I recommend.
Thanks again for your help. C. Byrd - Melbourne Beach, FL
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This email newsletter has been created for your entertainment
only. You must always seek the proper professional advice before
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Thank You for your
continued support.
In Florida
People's First Financial Services, Inc. "Dedicated Service Since 1986"
2299 Sarno Rd, Suite B
Melbourne, FL 32935
(321) 242-8240
Fax (877) 202-2968 "Where People Do Come First" www.PeopleComeFirst.net
Golden Realty Group
Home of the
"Award Winning"
FSBO Connection Program
PO Box 410497
Melbourne, FL 32941
(321) 243-4892
"We Follow The Golden Rule" www.PeopleSaveMore.net www.GrgRealty.com
Happy
Thanksgiving!
