Friday, March 28, 2014

Should I Rent or Short Sale?

Should I Rent or Short Sale?
I lost my job back in October and am now three months behind on mortgage. I decided to take the money out of my retirement, which I will be receiving soon and told the bank I will catch up as soon as I get the lump sum. I owe the bank about 2800, and my retirement sum will only be about 4,000. Also, I have found someone who is interested in renting my house as of Feb. 1 (the bank has approved me getting a renter since they have my promise in writing to make my payments current by then, and she's already given me a security deposit). HOWEVER... *My credit is already low (500) *I will be working overseas teaching in South Korea for at least a year (will stay longer if I like it) *I really do like my house a lot, it's fairly new and would love to pick up where I left off in a year, provided I can find a job here. *If my house does short sale, I may still owe the bank the difference and have to pay that off in a note *If my house does not short sale, it may still go into foreclosure, which will stay on my record for seven years *The 3,000 I'm paying to "catch up" could just be another 3k in my pocket, right? I'm 28, single, female, and on one hand the idea of getting rid of my house is liberating, but in another way I feel like it's my obligation to "manage it" by renting it out for the next few years until market bounces back. I also like the house/city a lot and would like to stay in it if I found another job here, however, the economy obviously isn't that great. I'm renting for 1100 per month. and my mortgage is only 850 a month. I decided against property manager, so i gave tenant a list of handymen I know who know I'm good for sending them payment. It's a also a brand new house, so not too much should go wrong. Also, she is Section 8 which means I'll be getting a guaranteed check from Housing Authority first of every month. I did run her credit/refs and she has a higher credit score than I do and stable rental/work history, no criminal background whatsoever. Single mom with two kids, nice lady and like I said her credit score is higher than mine, she's been renting same house in Ohio for three years and no issues. I missed mortgage nov, dec, and Jan. About the retirement - it's 20 percent taxes, not 50 percent, I already know the full amount after all deductions is around 4,000 (it's 7,000 before penalties). I think I'm going to try for the renter and if it doesn't work, I have a good realtor friend who specializes in short sales and c There is also a possibility I will stay here if I can find employment, even if it's part time. The house is 3 bedroom and 2000 square feet, so I figured I could get two roommates maybe and charge them like 400 each?
Renting & Real Estate - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
A short sale or foreclosure on your credit report looks exactly the same. Pay off the back payments, because you will owe that money regardless. You will owe the difference, plus fees for what your home doesn't recoup when they sell it. If yuo can get a renter, make sure they are paying a minimum of 125% of the mortgage, or more. If the market doesn't demand that for your home, then sell and sell quickly!
2 :
If I'm reading this correctly, you're behind by about $2800, but you will still have mortgage to pay besides that. If you only have $2800 remaining on your mortgage this would be a no-brainer, so I have to assume that the $2800 only gets you caught up. Without a LOT more information, no one should advise you on a specific course of action. For example, how did you qualify your renter? Have you checked ALL previous rental references? And verified those references? Have you run her credit report? Look, I'm the first one to say that investment in real estate is the way to go. But, if you've never been a landlord before, you shouldn't go into this without a property manager that you trust. Especially, if you will be overseas! I strongly suggest you consult with a licensed property manager before you make any decision. Good luck!
3 :
Take the renter (assuming you won't be bleeding negative cash flow like crazy). I wish you hadn't taken the money from your retirement. If it's a retirement account (like 401k or IRA) you are going to get hit hard with penalties from the IRS (around 50% of everything you had in the account) regardless of your income bracket! Would be good if you could stop the disbursement. By the way, the bank is not your friend. The banks are in self-preservation mode and that means gobbling up every penny they can get any way they can get it. Also, if you will be out of the country while renting, you'll need a reliable person to look after your place. Hopefully, you can count on family members. Otherwise, you'll need a professional property manager. That'll cost about 10% of the monthly rent every month.






Friday, March 14, 2014

9th grade world history, please(:?

9th grade world history, please(:?
1. A civil war in ____ in 1946 contributed to tension between the Soviet Union and Great Britain. (1 point) Hungary Poland Greece Tunisia 2. The Marshall Plan was designed to (1 point) prevent Soviet involvement in Angola. restore the economic stability of European nations after World War II. develop a comprehensive military strategy for the defense of Canada. make Western European nations stronger than nations under Soviet control. 3. U.S. fears about the spread of communism were increased when ____ became a Communist nation in 1949. (1 point) South Korea China East Germany Yugoslavia 4. Which of the following nations was NOT an original member of NATO? (1 point) Italy Belgium Denmark Spain 5. When the Soviet Union launched the Sputnik I satellite in 1957, many Americans feared that (1 point) the Soviet Union was ahead of the U.S. in the production of missiles. the Soviet Union would become the first nation to place astronauts on Mars. the Soviet Union could now use satellites to bomb the United States. the Soviet Union could use satellite technology to steal secrets from American businesses. 6. The "Bay of Pigs" refers to (1 point) the Soviet Union's invasion of Hungary. a U.S. attempt to overthrow the Cuban government. the Russian resort city in which Eastern European nations met to form the CENTO alliance. the Soviet Union's attempt to install nuclear weapons in Haiti. 7. Communist leader ____ initiated the "Prague Spring" with a series of reforms in Czechoslovakia in 1968. (1 point) Joseph Stalin Nikita Khrushchev Wladyslaw Gomulka Alexander Dubcek 8. The Truman Doctrine stated that the U.S. would provide ____ to nations threatened by Communist expansion. (1 point) money jeeps communications technology political support in the United Nations 9. The Warsaw Pact sought to (1 point) provide economic assistance to Polish Jews after World War II. prevent Soviet expansion into Poland and Denmark. create a military alliance between the Soviet Union and various Eastern European nations. create a plan for the reduction of nuclear weapons in Europe. 10. The Berlin Wall was built in order to (1 point) stop the flow of supplies from West Germany to West Berlin. prevent food from entering Poland. prevent the smuggling of arms to anti-Soviet forces. prevent East Germans from defecting to West Germany.
Homework Help - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
1. greece 2. restore the economic stability of European nations after World War II. 3. china 4. spain 5. all of these were fears during this time period, sorry 6. US attempt to overthrow Cuban govt. 7. Alexander Dubcek 8. money 9. create a military alliance between the Soviet Union and various Eastern European nations. 10. prevent East Germans from defecting to West Germany.
2 :
1. Greece 2. To Financially aid European countries. stop Communist advances in the region rebuild European industry bring unity to the European continent 3. China 4. Greece, Turkey, West Germany, Spain, Czech Republic, Hungary, Poland, Bulgaria, Estonia, Latvia, Lithuania, Romania, Slovakia, Slovenia, Albania and Croatia. 5.Due to tensions between the US and USSR after WW2, many Americans feared the rise of Communism and its take-over of the world. When Sputnik 1 launched in October 1957, it signalled to America that it was not the leader in space technology and missile development, that another superpower existed, and could drop missiles--especially the nuclear variety--on American soil. This was a distinction America held from the first use of nuclear weapons against an enemy. 6. The bay of pigs was the invasion of cuba by anti-castro forces trained in the Untied States. 7. The reforms were introduced by Alexander Dubcek, who was immensely popular in Czechoslovakia at the time. 8. 9.A military alliance of communist nations in eastern Europe. Organized in 1955 in answer to NATO, the Warsaw Pact included Albania, Bulgaria, Czechoslovakia, East Germany, Hungary, Poland, Romania, and the Soviet Union. It disintegrated in 1991, in the wake of the collapse of communism in eastern Europe and the Soviet Union. The treaty was signed in Warsaw on 14 May 1955, and the pact was dissolved in Prague on 1 July 1991. The Warsaw Pact no longer exists. It was an alliance of the Eastern Bloc countries, established in 1955 by the Soviet Union as a counterpart to NATO. 10.prevent East Germans from defecting to West Germany
3 :
1. Greece 2. restore the economic stability of European nations after WWII. 3. China 4. Spain 5. The Soviet Union was ahead of the U.S. on the production of missiles. 6. A U.S. attempt to overthrow the Cuban government 7. Alexander Dubcek 8. money 9. create a military alliance between the Soviet Union and various Eastern European nations 10. provide East Germany from defecting to West Germany





Friday, March 7, 2014

On just a basic car audio headunit, will a preamp boost sound quality & power?

On just a basic car audio headunit, will a preamp boost sound quality & power?
Hey everyone... I live South Korea... I just bought a Renault-Samsung 2011 SM5... However I did not choose the Bose audio option... [BIG REGRETS] and I really really am disappointed with the stock panasonic sound system. The bass and power overall is just a major disappointment. With that said... I went to the Car Audio store and asked what my options were.. without spending a boat load of money on custom car audio equipment & installation.. *important note* I dont want to redo the whole system with amplifiers, speakers, woofers, etc... I just want to make my system sound "stock Bose / JBL-ish* I dont need a huge thumping system that will break my budget... Anyways.... The Car Audio place after much thought... told me that installing a Preamp and connecting it to my stock headunit will improve the power and sound quality dramatically..... Is this correct and can anyone confirm and give me their advice on if this is actually the best way to go??? Thanks.
Car Audio - 1 Answers
Random Answers, Critics, Comments, Opinions :
1 :
It will just make it louder. You need quality speakers. Like 2ways and tweeters with subs or 3ways and 1ways with tweeters.


Saturday, March 1, 2014

Is the UK at severe risk of becoming one of the least prosperous in Europe?

Is the UK at severe risk of becoming one of the least prosperous in Europe?
This recession is going to hit the UK very hard, we have very limited natural resources and we have no manufacturing base, we export very little and have to import a lot - the UK is one of the most indebted countries in the world and the only way we are able to sustain are current standard of living is by boring money for supposedly poor countries like, you guessed it, China and India. Also, it seems to me that the UK is becoming one of the least prosperous and lowest developed in the Western world. According to the Human Development Index, from the late 90s to the early 2000s, the UK was one of the most prosperous in Europe, and ranked consistently high in the HDI table. However, in the mid 2000s, we dropped back to about the level of Italy and Greece. However, the HDI table was updated on Dec 18th, 2008 detailing the period between 2004-2006, and in this time the UK's development had dropped to the level of places like Hong Kong, Israel and South Korea - and this was all BEFORE the recession. I fear for the UK, we have been poorly managed, and now we are going to pay dearly, billions of pounds have been stupidly borrowed on our behalf and now we are going to pay for it. When the HDI is updated in a couple of years time I dread to think how far the UK will have fallen back, we are going to be one of the poorest countries in Europe. However, I guess that's obvious. How can a country go on having a high standard of living when public debt is some of the highest in the world, we have no natural resource, we make nothing and have to import many necessities.
Politics - 7 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Maybe now we can get a united Ireland. Woot!
2 :
I'd blame the chav culture that's been sweeping through the UK. Crime, teenage pregnancy, poverty, it's a huge problem in the UK at the moment. There is so much racism in the UK as well. Personally, I believe the UK needs to be tough on crime. It's been so tolerant lately. Tolerance can be a good thing, but not when your dealing with hooligans. I'm sure passing laws to allow muslims to have their on system of law in the UK doesn't help things either. Reporter X: I vacation in Northern Ireland every other year with my family. The Irish in Northern Ireland don't want to join Southern Ireland. They'd rather be part of the UK, and if the UK fell, then they'd rather be their own sovereign nation. Clearly you know nothing about the conflict between the Irish in the North and South.
3 :
When you have to go to this much trouble to make your point, the answer will always be "no". Just show the numbers. (Oh wait, you don't have any, do you?)
4 :
We can never remain rich with a 60 million soon to be 70 million population, there simply is not enough space.Mass immigration is about to take away our living standard because it was mass immigration which caused the massive population increase in the UK Edit...Ally You are 100% correct we cannot keep up our living standard with service industries, we need manufacturing industry increase desperately. We also cannot sustain massive immigration population increase due to immigration
5 :
And guess who smashed the Trade Union by destroyingthe Manufacturing industry - Margaret Thatcher. We need to bring back our Manufacturing, and fast i say. The lack of jobs in Northern UK is astonishing, the only thing that is keeping this country alive is the Financial Sector in London. At the moment, the main reason this country is crumbling so much is because of our dependants on other countries, this is why Japan is getting so badly hit by this recession as well, what our countries need to to bring back UK manufacturing and we need to produce more British products. As the banks weren't regulated, they were allowed to run on their own free will and ended up crumbling as they gave out more than they could afford.
6 :
lets get our democratically elected representatives to pull troops out of iraq aned afghanistan. that'll save us some money at the very least
7 :
Yes. Gordon Brown has given us the Emperors new economy where growth has been built on ever increasing government borrowing over the past ten years or so. Meanwhile consumers have also been living under the wealth illusion with personal borrowing pushing up house prices to ridiculous hights. The chickens are coming home to roost for the UK and it will be interesting to see if we can cope without severe social unrest. I still have confidence in the enterprising spirit of some Brits but we are carrying a lot of dead weight in the form of an underclass that our welfare state has been cultivating for decades.