To all of you that are Fathers out there - Happy Father's Day!
I wish you a great day with your family.
Be well.
James Gage
Sunday, June 21, 2009
Saturday, May 30, 2009
Negotiating Tips : Internal Revenue
Hello All:
Did you know that you can negotiate tax liabilities with the IRS? Yes, that's right - you can! There are a number of ways to obtain a favorable settlement with the IRS, here are a few:
1. Installment Agreement : Simply a payment plan.
2. Offer & Compromise : Lump sum settlement.
3. Hardship : Allows elimination or postponement of tax obligation.
Keep in mind the longer the debt is owed, the more interest and penalties accrue. However, interest is mandated by Federal Law, but penalties can be negotiated and eliminated. So don't be afraid of negotiating your tax debts with the IRS; you'll be surprised what you will be able to achieve.
Did you know that you can negotiate tax liabilities with the IRS? Yes, that's right - you can! There are a number of ways to obtain a favorable settlement with the IRS, here are a few:
1. Installment Agreement : Simply a payment plan.
2. Offer & Compromise : Lump sum settlement.
3. Hardship : Allows elimination or postponement of tax obligation.
Keep in mind the longer the debt is owed, the more interest and penalties accrue. However, interest is mandated by Federal Law, but penalties can be negotiated and eliminated. So don't be afraid of negotiating your tax debts with the IRS; you'll be surprised what you will be able to achieve.
Friday, May 8, 2009
Negotiating Tips: New Video
Hello All :
My new video on Negotiating For A Living has just been released, why not stop by :
http://www.NegotiatingForALiving.com and learn how you can make a 6 figure income on a part-time basis.
Be well,
James A. Gage
Tuesday, April 14, 2009
Negoiating Tip: Do you think there may be some opportunity here?
Hello All:
Thought you may be interested in this article I just read on the web. This is just conformation on what I have been saying about how, NOW, is the time to get your own Independent arbitration Business up and running - Don't miss out!!!!!
Bankruptcies surge despite law
Personal and corporate filings may reach 1.5 million in 2009
RALEIGH, N.C. — The number of U.S. businesses and individuals declaring bankruptcy is rising with a vengeance amid the recession, despite a three-year-old federal law that has made it much tougher for Americans to escape their debts, an Associated Press analysis found.
“There’s no end in sight,” said bankruptcy lawyer Bryan Elliott of Hickory, N.C., who is working seven days a week and scheduling prospective clients a month in advance. “To be doing this well and having this much business, it is depressing. It’s not a laugh-a-minute job.”
Nearly 1.2 million debtors filed for bankruptcy in the past 12 months, according to federal court records collected and analyzed by the AP. Last month, 130,831 sought bankruptcy protection — an increase of 46 percent over March 2008 and 81 percent over the same month in 2007.
Bob Lawless, a professor at the University of Illinois College of Law, said bankruptcies could reach 1.5 million this year and level off at 1.6 million next year — around the same time economists expect an economic recovery to begin.
Congress voted in 2005 to make bankruptcy more cumbersome after years of intense lobbying from the nation’s lenders, who complained that people were abusing the system. Before the move to change the law, bankruptcies were running at what was then an all-time high of about 1.6 million per year.
The tighter requirements initially appeared to work, with bankruptcies plummeting from a record-shattering 2 million cases in 2005 — a total that reflected a rush to file before the new law took effect — to 600,000 in 2006. But now bankruptcies are booming again.
Get started today in this lucrative business: http://www.NegotiatingForALiving.com
Thought you may be interested in this article I just read on the web. This is just conformation on what I have been saying about how, NOW, is the time to get your own Independent arbitration Business up and running - Don't miss out!!!!!
Bankruptcies surge despite law
Personal and corporate filings may reach 1.5 million in 2009
RALEIGH, N.C. — The number of U.S. businesses and individuals declaring bankruptcy is rising with a vengeance amid the recession, despite a three-year-old federal law that has made it much tougher for Americans to escape their debts, an Associated Press analysis found.
“There’s no end in sight,” said bankruptcy lawyer Bryan Elliott of Hickory, N.C., who is working seven days a week and scheduling prospective clients a month in advance. “To be doing this well and having this much business, it is depressing. It’s not a laugh-a-minute job.”
Nearly 1.2 million debtors filed for bankruptcy in the past 12 months, according to federal court records collected and analyzed by the AP. Last month, 130,831 sought bankruptcy protection — an increase of 46 percent over March 2008 and 81 percent over the same month in 2007.
Bob Lawless, a professor at the University of Illinois College of Law, said bankruptcies could reach 1.5 million this year and level off at 1.6 million next year — around the same time economists expect an economic recovery to begin.
Congress voted in 2005 to make bankruptcy more cumbersome after years of intense lobbying from the nation’s lenders, who complained that people were abusing the system. Before the move to change the law, bankruptcies were running at what was then an all-time high of about 1.6 million per year.
The tighter requirements initially appeared to work, with bankruptcies plummeting from a record-shattering 2 million cases in 2005 — a total that reflected a rush to file before the new law took effect — to 600,000 in 2006. But now bankruptcies are booming again.
Get started today in this lucrative business: http://www.NegotiatingForALiving.com
Sunday, March 29, 2009
Negotiating Tips: Real Estate Short Sales Part 3
Hello All:
Here we are at blog entry # 3 on how I negotiated a short sale for way under fair market value.
After the Realtor presented my concerns and offer to the bank, the bank counted with a higher sales price dismissing my fix up costs. So what did I do? I had contractors sign affidavits substantiating my fix up costs and assessment of the property, I then submitted this and the original offer back to the bank.
Less then 24 hours later the bank agreed to my terms. Why? I was able to document and substantiate what I represented in negotiations.
Remember, when you have the facts on your side, you argue the facts, when you have the law on your side,you argue the law, when you have neither, you pound the table.
Until next time.
James A. Gage
Here we are at blog entry # 3 on how I negotiated a short sale for way under fair market value.
After the Realtor presented my concerns and offer to the bank, the bank counted with a higher sales price dismissing my fix up costs. So what did I do? I had contractors sign affidavits substantiating my fix up costs and assessment of the property, I then submitted this and the original offer back to the bank.
Less then 24 hours later the bank agreed to my terms. Why? I was able to document and substantiate what I represented in negotiations.
Remember, when you have the facts on your side, you argue the facts, when you have the law on your side,you argue the law, when you have neither, you pound the table.
Until next time.
James A. Gage
Tuesday, March 24, 2009
Negotiating Tips: Real Estate Short Sale - Part 2
Hello All:
Welcome to part 2 of how I negotiate a pre-foreclosure way under fair market value. As you read in the last post I assembled some pointed info that assisted me during the negotiations.
This is what I did with it...
First, I knew their chances of taking a substantial below market offer was high, due to the days on market, which was 180 days. Secondly, it had been vacant for a long time meaning the longer it stays that way the greater chance of vandalism and the greater chance that the bank will have their insurance policy canceled ( Most insurance companies will not insure vacant properties).
So during the first round of offers we strongly stress these waiting hazards with the listing realtor, so they may also stress to the bank are concerns for their property when they presented my offer. My goal here was to cause the bank to feel the pain of what if(s)!
During my next post I will explain how things ended up.
Until next time be well.
James A. Gage
Welcome to part 2 of how I negotiate a pre-foreclosure way under fair market value. As you read in the last post I assembled some pointed info that assisted me during the negotiations.
This is what I did with it...
First, I knew their chances of taking a substantial below market offer was high, due to the days on market, which was 180 days. Secondly, it had been vacant for a long time meaning the longer it stays that way the greater chance of vandalism and the greater chance that the bank will have their insurance policy canceled ( Most insurance companies will not insure vacant properties).
So during the first round of offers we strongly stress these waiting hazards with the listing realtor, so they may also stress to the bank are concerns for their property when they presented my offer. My goal here was to cause the bank to feel the pain of what if(s)!
During my next post I will explain how things ended up.
Until next time be well.
James A. Gage
Monday, March 16, 2009
Negotiating Tips: RealEstate Short Sale - Part 1
Hello All:
As I said in my last post, I would be blogging about how I obtained a home way under fair market value through the use of negotiating stratergies and tactics.
The first thing I did is something I learned a long time ago : Know your compettition, know your subject matter; another words I needed to know the property.
I found out how long the property was on with the realtor, was it vacant, where was the owner, who were the bank or banks involved, what did the market hold. when I received the information it played out like this:
On the Market : 180 days
It was vacant for months, owner moved out of US and was being represented by an attorney.
The note was bought from a bank that went out of business.
The market showed that homes of similar square fotage and layout sold for a pricing point between $120k - $149K.
On my next post I will show you how I took this info and formulated mu offer to the bank.
Be well,
James A. Gage
As I said in my last post, I would be blogging about how I obtained a home way under fair market value through the use of negotiating stratergies and tactics.
The first thing I did is something I learned a long time ago : Know your compettition, know your subject matter; another words I needed to know the property.
I found out how long the property was on with the realtor, was it vacant, where was the owner, who were the bank or banks involved, what did the market hold. when I received the information it played out like this:
On the Market : 180 days
It was vacant for months, owner moved out of US and was being represented by an attorney.
The note was bought from a bank that went out of business.
The market showed that homes of similar square fotage and layout sold for a pricing point between $120k - $149K.
On my next post I will show you how I took this info and formulated mu offer to the bank.
Be well,
James A. Gage
Subscribe to:
Posts (Atom)
