Archive for: ‘January 2013’

Home Construction Up 12%

January 24, 2013 Posted by kingcade

The housing market has shown signs of improvement this past year with record-low mortgage rates, an increase in home construction and fewer foreclosures. Home construction exceeded economists’ expectations during the month of December with the start of construction on more than 889,000 homes. Construction rates were up more than 12% from November and nearly 37% from December 2011. Construction picked back up in the Northeast after Superstorm Sandy with new home construction up 19% from November. The new home construction surge suggests low inventory and builder confidence, which are two great signs for the economy.

Economists also tracked applications for new building permits to indicate the confidence in the market, however there was little change from November’s rate. December’s mortgage rates also continued at a record-low percentage, which is another positive indicator that the market is on the road to recovery.

To read more on this story visit: http://money.cnn.com/2013/01/17/real_estate/housing-starts/index.html

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia, P.A. at www.miamibankruptcy.com.

6 Items You Will Pay Less for in 2013

January 23, 2013 Posted by kingcade

Below are 6 pricy items that are expected to drop in 2013:

1. Used Cars: If you need a new car, consider purchasing a used car in 2013. Analysts project that used car prices will drop several hundred dollars this year. This drop is related to a spike in lease terminations resulting in extra inventory on used car lots.
2. Gas: Last year’s average gas price was $3.63 per gallon. In 2013, average gas prices are projected to drop to $3.43 according to the Department of Energy. A spike in fuel-efficient vehicles on the road will help keep gas prices lower this year.
3. Ultrabooks: Intel has predicted that laptops with “ultrabook” branding will see a major price drop in 2013. Ultrabooks are known for their slim, light exteriors and high-speed processors. Intel predicts these will retail for $599, approximately half of their normal cost, by the end of this year.
4. Vacation Packages: Vacationers can save more than $1,000 this year by booking their airfare and hotels together. Popular resorts in areas such as Hawaii and Mexico will offer major savings for those who book package deals.
5. Solar Energy Panels: Solar energy panels have become increasingly popular for those trying to heat swimming pools or large homes. Analysts expect these pricy items to decline by as much as 10% this year.
6. Flatscreen TVs: The prices of 50-plus-inch flatscreens are projected to drop nearly 11% during 2013. The bigger the TV, the bigger the price cut.

To read more on this story visit: http://money.cnn.com/gallery/pf/2013/01/22/pay-less-2013/6.html

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia, P.A. at www.miamibankruptcy.com.

HSBC Settles Foreclosure Suit for $249 Million

January 22, 2013 Posted by kingcade

HSBC settled with the Federal Reserve and the Office of the Comptroller of the Currency for $249 million last Friday for alleged foreclosure abuses. The settlement will offer $96 million in direct cash payments and $153 million in other forms of relief such as loan modifications and forgiveness of deficiency judgments. The terms of the settlement are similar to other recent multi-million dollar foreclosure abuse settlements. Initially, $3.6 million in cash relief will be issued to nearly 4.2 million homeowners for as much as $125,000 each.

HSBC and 13 other banks were issued an enforcement action for charging excessive fees, wrongfully foreclosing on borrowers and using improper documents in April 2011. As a result, the banks were forced to hire independent consultants to investigate the foreclosure abuses and provide compensation for victims, a process known as Independent Foreclosure Review. This process was later abandoned when it proved to be slow moving and expensive. The settlement is expected to provide relief to foreclosure abuse victims much faster and avoid future lawsuits.

To read more on this story visit: http://money.cnn.com/2013/01/18/investing/hsbc-foreclosure/index.html

Choosing the right attorney can make the difference between whether or not you can keep your home. A well-qualified attorney will not only help you keep your home, but they will be able to negotiate a loan that has payments you can afford. Foreclosure defense attorney, Timothy Kingcade has helped many facing foreclosure alleviate their stress by letting them stay in their homes for at least another year, allowing them to re-organize their lives. If you have any questions on the topic of foreclosure please feel free to contact me at (305) 285-9100. You can also find useful consumer information on the Kingcade & Garcia, P.A. website at www.miamibankruptcy.com.

Florida Leads the Nation in Foreclosures

January 21, 2013 Posted by kingcade

Florida led the nation with the highest number of foreclosures throughout 2012. One in 32 Florida homes received a foreclosure filing last year. However, according to RealtyTrac the housing market crash that began six years ago is winding down. The first six years of the housing crisis, Nevada held the number one foreclosure rate in the country. During 2012, Nevada fell to number two with one in 37 homes receiving a foreclosure filing. California and Utah both held top five spots during 2011 and both fell off the ‘top’ list last year, which suggests the Western states might be healing a bit faster than the East.

Foreclosures in Florida stalled during 2011 after the “robo-signing scandal” surfaced. They picked back up during 2012 after the $26 billion deal was signed in February between the five largest mortgage lenders and 49 state attorney generals. Since 2007, more than 91,000 homes have been foreclosed on in Palm Beach and Broward counties alone. The Consumer Financial Protection Bureau released new rules last week that are intended to protect consumers from risky mortgages and hopefully guard the economy from another housing market crash.

To read more on this story visit: http://www.sun-sentinel.com/business/fl-realtytrac-foreclosures-year-end-20130116,0,684170.story?track=rss

Choosing the right attorney can make the difference between whether or not you can keep your home. A well-qualified attorney will not only help you keep your home, but they will be able to negotiate a loan that has payments you can afford. Foreclosure defense attorney, Timothy Kingcade has helped many facing foreclosure alleviate their stress by letting them stay in their homes for at least another year, allowing them to re-organize their lives. If you have any questions on the topic of foreclosure please feel free to contact me at (305) 285-9100. You can also find useful consumer information on the Kingcade & Garcia, P.A. website at www.miamibankruptcy.com.

Hostess Selling Off Assets, Starting with Wonder Bread

January 18, 2013 Posted by kingcade

Hostess has started the process of liquidating its assets, only two months after the popular baked goods company announced filing for bankruptcy. Last Friday, Flowers Foods announced it was purchasing Wonder Bread and three other bread brands from Hostess for $360 million. Flowers will also be purchasing the rye bread brand, Beefsteak, for $30 million. Flowers Foods owns Nature’s Own and Tastykake. Flowers Foods is waiting for approval from the bankruptcy court, after which, an auction will take place in several weeks. If Flowers is the winning bidder, the company can close the deal.

Hostess was forced into bankruptcy last November after its workers went on strike. The company and the union were unable to come to an agreement, forcing the company to close its doors. More than 18,000 employees lost their jobs and Hostess fans cleared out its stores’ shelves. Most believe that Hostess will have no problem selling off the majority of their brands. There is some indication that Flowers may have plans to make bids on other various snack brands owned by Hostess.

To read more on this story visit: http://money.cnn.com/2013/01/12/news/companies/flowers-foods-wonder-hostess/index.html

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia, P.A. at www.miamibankruptcy.com.