Blog Posts in August, 2012

California's Unemployment Benefits Have Decreased By 50%

The Employment Development Department (EDD) indicated that California's unemployment payouts have dropped from $2 billion to $1 billion since June 2010. Two factors that caused California's ...
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What are the consequences of a short-sale?

The consequences of short sale vary depending on your personal credit history and circumstances. Compared to a foreclosure, there is less of a hit on your credit by doing a short sale. Your credit ...
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Is Unemployment on the Decline?

According to Automatic Data Processing National Employment Report (ADP), U.S businesses added 72,000 jobs in June of 2012 and 163,000 jobs in July of 2012. Based on ADP's reports, an average of ...
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Alma Rosa California Winery Files for Chapter 11 Bankruptcy

The "father" of Santa Barbara Pinot Noir has recently filed for Chapter 11 bankruptcy On July 27, 2012, Richard Sanford filed chapter 11 bankruptcy for his third winery at Alma Rosa, in ...
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What are the tax consequences of a short-sale?

When an individual can no longer afford their mortgage, they may opt to do a short sale. In the case that the banks have negotiated a deal to short sale their home for a price less than the amount ...
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