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Showing posts from June, 2009

Liquidation- Michael Jackson Debt to asset ratio

If you're feeling alone and depressed because you have problems with debt and money , cheer up. You're in the company of the rich and famous who unfortunately also sometimes are in the same boat.That can be the company of billionaires, as in Donald Trump and Michael Jackson, to start at the top of the A-list. The King of Pop died suddenly overnight at the age of 50, after a career spanning 40 years that included the biggest-selling pop album of all time, "Thriller."Despite taking in hundreds of millions of dollars as one of the most successful pop musicians of all time, Jackson racked up about $US500 million ($627 million) of debt, according to sources cited by The Wall Street Journal earlier this monthHis assets, however, including copyrights to his own songs and a stake in the Beatles' song catalogue, are worth more than $US1 billion, according to a music industry source.The lavish lifestyle was made possible in part by a $US200 million loan secured by his stak…

Property management And managers

Property management is the operation of commercial, industrial and/or residential real estate. This is much akin to the role of management in any business.There are many facets to this profession, including managing the accounts and finances of the real estate properties, and participating in or initiating litigation with tenants, contractors and insurance agencies. Litigation is at times considered a separate function, set aside for trained attorneys. Although a person will be responsible for this in his/her job description, there may be an attorney working under a property manager. Special attention is given to landlord/tenant law and most commonly evictions, non-payment, harassment, reduction of pre-arranged services, and public nuisance are legal subjects that gain the most amount of attention from property managers. Therefore, it is a necessity that a property manager be current with applicable municipal, county and state laws and practices.Property managers lease and manage resi…

Tips for buying Bank Repossession property

10 tips for Buying Bank acquired  Repo Property1) Whether you’re buying a home to live in Australia or you’re buying an investment property to let out, you need to check the property in light of your expectations of it and for it.  I.e., if you’re going to be living in it, is it located in a neighbourhood that suits you, if you’re going to be renting it out, does it have the space you need, does it match your target rental market’s requirements for it? 2) Find out what the Bank value of the home is – and focus on this.  Is this a value you are comfortable paying for the property – could it be worth a lot more than the listed price? 3) Scrutinize the state of the property externally and internally.  Look at everything from the foundations to the roof, from the electrics to the plumbing.  Is there dry rot?  Termite damage?  Will you need to redecorate or renovate?  Factor in all of the extra costs you will incur if you are successful in your purchase.  Add this on to the expected auctio…


Bank Repossessions For Home , car , Boat

Bank repossession will happen where your monthly mortgage payments are not being met on time. Repossession proceedings can happen very quickly following arrears on a mortgage account. The bank has the right to do this if it feels that you are unable to clear the arrears and keep up to date with your mortgage payments. In many situations where payments have been missed on the mortgage, an arrangement can be made with the bank to clear the arrears over a fixed period of time. This will usually involve making overpayments on a monthly basis over a set period of time.

Bank repossession happens to many people everyday throughout the country. Unfortunately a lot of these unfortunate people do not realise that sometimes they do have options.Banp Repo is a messy Business.

Bank repossesioon can happen to a car loan you have , house loan or then any asset that you have bought with a bank loan and is securitised with them