http://realestateconsumernews.com/home-buyers/first-time-home-buyers-tax-credit/ Real Estate Consumer News is a one stop source for consumers to get the information they want and need concerning real estate Sat, 10 Sep 2011 13:21:29 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://realestateconsumernews.com/home-buyers/first-time-home-buyers-tax-credit/comment-page-1/#comment-11092 Why File Bankruptcy Wed, 01 Jun 2011 20:29:13 +0000 http://realestateconsumernews.com/?p=679#comment-11092 I found myself in a financial bind because I invested too heavily in the real estate back in the 2000s. Just about everyone who has dabbled into real estate in the early 2000s rave about how much money they have made. Feeling jealous and envious, I attempted to do the same, but to find that it is not as easy as all the TV shows claim to be. Especially if you had purchased the homes at the highest, which no one would have known until the bubble had burst. In any event, I was left with these properties which were not selling, and eventually I had to dump them with a huge loss. I had to endure such a big financial loss that the only thing that I can do is to file for bankruptcy protection if I ever get back on my two feet again. It was definitely difficult for me emotionally as I seemingly was on top of the world, and then in a matter of a year or so, I was left with nothing. Since the fallout of my financial demiss, I have learned that I cannot look for the shortcut to making easy money. It is a better choice to be realistic about what you can make, whether it is through your job, or any investment you are thinking of. Do not put yourself in a position where you will have so much debt that you will have to file for bankruptcy protection. I found myself in a financial bind because I invested too heavily in the real estate back in the 2000s. Just about everyone who has dabbled into real estate in the early 2000s rave about how much money they have made. Feeling jealous and envious, I attempted to do the same, but to find that it is not as easy as all the TV shows claim to be. Especially if you had purchased the homes at the highest, which no one would have known until the bubble had burst. In any event, I was left with these properties which were not selling, and eventually I had to dump them with a huge loss. I had to endure such a big financial loss that the only thing that I can do is to file for bankruptcy protection if I ever get back on my two feet again. It was definitely difficult for me emotionally as I seemingly was on top of the world, and then in a matter of a year or so, I was left with nothing. Since the fallout of my financial demiss, I have learned that I cannot look for the shortcut to making easy money. It is a better choice to be realistic about what you can make, whether it is through your job, or any investment you are thinking of. Do not put yourself in a position where you will have so much debt that you will have to file for bankruptcy protection.

]]> http://realestateconsumernews.com/home-buyers/first-time-home-buyers-tax-credit/comment-page-1/#comment-379 Real Estate Industry News » NAR asks congress to extend tax credits and make mortgage cancellation relief permanent Wed, 15 Jul 2009 22:27:39 +0000 http://realestateconsumernews.com/?p=679#comment-379 [...] told the committee that the first-time home buyer credit and elimination of the mortgage cancellation tax are having a positive impact on the real estate [...] [...] told the committee that the first-time home buyer credit and elimination of the mortgage cancellation tax are having a positive impact on the real estate [...]

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