October 2010 Blogs

CAUTION: What to Look For in Mortgage Documents Before Signing

Wednesday, October 27, 2010 by Doron F. Eghbali

Often potential home buyers are inundated with documents to sign at the last minute. Fearing they might lose their dream house or the favorable annual percentage rate, potential homeowners just sign the documents oblivious of the hidden perils in such documents.Let us analyze some of the provisions potential home owners in such transactions should take a closer look at.... Read More

Posted at 14:15 PM | PERMALINK

Topic: Real Estate

How Could You Sell or Not Sell Your Business in a Down Economy?

Tuesday, October 26, 2010 by Doron F. Eghbali

Some business owners are contemplating sale of their businesses in rather frightening economic conditions. Such business owners are undoubtedly experiencing problems finding willing, ready and able buyers. And even if such buyers are found, the buyers are asking for much less. Let us analyze if there is anything sellers could reasonably do to facilitate the sale of their business nowadays. Unfortunately, the options are limited.... Read More

Posted at 19:30 PM | PERMALINK

Topic: Buying and Selling of Businesses

Should You Pay Off Your Mortgage Early?

Friday, October 22, 2010 by Doron F. Eghbali

Despite the fact many homeowners are grappling with foreclosure or such eventuality, there are homeowners who are wondering whether they should pay off their home mortgage sooner. Such homeowners rightly postulate they could sleep better at nights and not worried about their boding to be taken away from them. Despite the cogency of such line of reasoning, not everybody should pay off their mortgage. Let us analyze this important topic further.... Read More

Posted at 17:50 PM | PERMALINK

Topic: Real Estate

Why Should We Aim For 720 Credit Score Not Even 719?

Thursday, October 21, 2010 by Doron F. Eghbali

The financial meltdown and its continuing ripple effects have relatively changed the way we can conduct business nowadays. One of the corollaries of such change is the requirement for higher credit scores as much as 720, if lenders are to deem us creditworthy enough for some of their best offers. Such requirement might even practically make it harder for those with 850 perfect credit score to obtain the best offers. Let us further analyze this important development.... Read More

Posted at 17:54 PM | PERMALINK

Topic: Business Law

Debt Foregiveness May Increase Your Tax Bill

Tuesday, October 19, 2010 by Doron F. Eghbali

Everybody with forgiven debt should feel exhilarated. Nonetheless, such exhilaration might be premature as the individual might have to pay taxes on the forgiven debt, unless an exemption applies. Let us review some of these exemptions and further analyze this rather unfortunate topic.... Read More

Posted at 18:56 PM | PERMALINK

Topic: Business Law

What We Should Know about Hidden Perils of Credit Cards Now

Friday, October 15, 2010 by Doron F. Eghbali

Even with new regulations, still there are many ways your credit card could easily bite you. In fact, there are many fine prints credit card companies do not tell us. Let us review some of these fine prints and loopholes credit card companies employ to harm us.... Read More

Posted at 18:32 PM | PERMALINK

Topic: Business Law

How Should You Navigate the Malaise of Residential Foreclosure Freeze?

Wednesday, October 13, 2010 by Doron F. Eghbali

The real estate market is in further turmoil as banks freeze foreclosures and states bring threat of lawsuits against lenders. The most practical and immediate question, probably, is what could buyers do in this situation? In fact, the answer is different depending upon in what phase of transaction buyers are. Let us further analyze this.... Read More

Posted at 17:19 PM | PERMALINK

Topic: Real Estate

Are Commercial Property Values Improving in 2010?

Tuesday, October 12, 2010 by Doron F. Eghbali

The latest data from Green Street Advisors indicate commercial property values were up by 30% compared to 2009 levels. Nonetheless, one should take a look at these data with caution as commercial property owners are having serious trouble paying their mortgages and many of these mortgages are coming due relatively soon. Let us further analyze these numbers.... Read More

Posted at 18:23 PM | PERMALINK

Topic: Commercial Law

Learning from "The Social Network" Movie: Tips for Entrepreneurs

Monday, October 11, 2010 by Doron F. Eghbali

The movie about the "purported" genesis of Facebook "The Social Network" has reportedly been a relative success in movie theaters. Nonetheless, the movie, irrespective of the debate surrounding its factual veracity, offers insightful and intelligent tips for entrepreneurs. Let us analyze further some of these tips.... Read More

Posted at 13:44 PM | PERMALINK

Topic: Business Planning

What Tenants Should Know About Their Landlords Before Renting

Thursday, October 7, 2010 by Doron F. Eghbali

With skyrocketing number of foreclosures and consequent vacant lands owned by banks, renters might face the quandary of renting from scammers who do not own the property or landlords on the verge of losing their homes. Accordingly, it behooves renters to diligently know their landlords before committing themselves to renting. Here are some tips.... Read More

Posted at 19:01 PM | PERMALINK

Topic: Real Estate

Doron F. Eghbali Law Blog

New Business Tax Breaks as Part of New Business Jobs Act of 2010

Wednesday, October 6, 2010 by Doron F. Eghbali

The Small Business Jobs Act of 2010 encompasses tax breaks for businesses of relatively all sizes despite its title. In fact, there are tax breaks ranging from cell phone usage for business workers to accelerated write offs for businesses to some burdens for rental income recipients. Let us further analyze this. ... Read More

Posted at 18:23 PM | PERMALINK

Topic: Business Law

How Should You Prudently Protect Your Ideas Before Pitching Them?

Monday, October 4, 2010 by Doron F. Eghbali

Your ideas for your products or services are your babies. They are often the culmination of your hard-earned ingenuity and hard work. You realistically and rightfully believe in their success. Accordingly, you arrange a meeting with some companies and people to seek financial support. Nonetheless, to your chagrin and consternation, you realize your idea has been stolen. Then, the question arises how could you have protected such ideas intelligently and wisely in the first place?... Read More

Posted at 15:44 PM | PERMALINK

Topic: Business Planning

FHA Backed Residential Mortgages to Get Tougher and Costlier

Friday, October 1, 2010 by Doron F. Eghbali

As of Monday, October 4, 2010, borrowers will have to face more stringent requirements and costlier residential loans backed by Federal Housing Authority (FHA). Let us analyze this further.... Read More

Posted at 16:15 PM | PERMALINK

Topic: Residential Real Estate

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Susan Rabin Joins Law Advocate Group, LLP

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