Did you know that in the small print of your agreement with your card company, there is probably a clause that states there is mandatory arbitration required whenever there is a dispute? We have given up our right to sue and to form any type of class action lawsuit. Some critics say that this is […]
Author Archive | Duane Gomer
What Are The Future Movers And Shakers Thinking Today
According to the National Survey of college freshmen from the UCLA’s Higher Education Research Institute (which has done this poll for 49 years), the general overview shows that college freshman party less and worry more about money than previous graduating classes. The percentages for College Freshman who: Feel that financial success is very important or […]
California Rent Control Information
One of the best sources for information about California situations is http://www.dca.ca.gov. This is the Department of Consumer Affairs and the areas they cover are numerous. For example, one Bureau under their control is the Bureau of Real Estate. I go there for Small Claim Course facts, Renter and Landlord problems, Licensee information on hundreds of […]
Congratulations Lindsey Gomer!
CONGRATULATIONS ARE IN ORDER FOR LINDSEY GOMER OF WOODLAND HILLS, CA. Lindsey is the daughter of David Gomer an MLO who is the Founder of Senior Funding, a company that specializes in Reverse Mortgages, and granddaughter of Duane Gomer who specializes in MLO Education. Last week Ms. Gomer passed the difficult and tricky National MLO exam […]
Landlords and future Landlords alert
Ask your accountant about IRS Form 3115 and IRS Regulation 481A. They concern depreciation of property in your buildings. My accountant said that the change meant that small items that I had been depreciating (because I was a conservative taxpayer) could be totally written off in my 2014 return, and any new items for […]
Quoting new HUD Mortgagee Letter of February 26th, 2015
“Due to a delay in delivery of certain system enhancements required to support the policies published in Mortgagee Letters 2014-21 and 2014-22, compliance with the financial assessment and property charge funding option requirements is now effective for HECM case numbers issued on or after April 27, 2015. The next time I have a deadline like […]
Kathy Kelly, Executive Officer at South Bay Association of Realtors
This is Kathy Kelly, Executive Officer at the South Bay Association of Realtors. We met again at a Realtor Expo and found out that she had been coming to my classes for many years, since she got into Real Estate. Also, we are both Wisconsin Natives. It is always to pleasure to work with the South […]
LEGAL CORNER by Steve Duringer
Question: I’ve always heard that I should post my rental criteria in a conspicuous place so that applicants can plainly see whether or not they are qualified before they submit their application. I typically require that the applicants combined income exceed three times the rent, however I might make exceptions. Also, in years past, a […]