Financial Asset Investigations

Sometimes it really helps to know what somebody’s worth financially, i.e, to conduct an asset search. Maybe you’re considering going into business with somebody, or maybe you’re becoming romantically involved with him/her.

Whatever the reason, you’ll be glad to learn that, thanks to the Web, it’s now easier than ever before to get an accurate gauge on somebody’s net financial worth. Asset search is a somewhat complicated subject but I can hit the high points in this brief Guide — you’ll learn enough to do some informed research, anyway. If you want to go beyond what I tell you here, you’ll probably need a good P.I., or maybe if there’s a lot at stake (as in a major court case) a forensic accountant.

First, let me emphasize there’s nothing unethical about conducting an asset investigation, provided you play by the rules. You can not, for example, use pretexting to determine how much money somebody’s got in the bank or in a brokerage account (i.e., masquerade over the telephone as the account holder). This is illegal. It’s important to respect your subject’s privacy and state and federal privacy laws like the Fair Credit Reporting Act.

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Selling Real Estate Property Using a Private Treaty

There are generally three ways of selling a property. They are sale by private treaty, auction and tender. Most people use private treaty as the common way of selling their property. In private treaty, vendors negotiate separately with one or more interested parties after making known to them the terms of the offer through an advertisement placed in the local press or some other promotional material. Probably, 95% of all properties are sold by this method. Because it is “private”, only the buyer and vendor are privy to the negotiations. “Privacy” can be further enhanced by targeting only a select group of prospective buyers in the promotional campaign.

A prudent sales approach would imply that the vendor or his agent should put in writing the terms of the offer. Any correspondence between the vendor the prospective buyer, however, is usually made “subject to contract”. These words signify that both parties are negotiating terms, and it is therefore, not their intention that an enforceable contract be entered into until the signing of a formal agreement between the parties. This also means that either party can withdraw from the negotiations without penalty. Furthermore, any particulars describing the property sent by the agent to prospects normally include a statement that they “are not intended to form part of any contract”.

Private treaty has the salutary advantage of being flexible, since the parties are free to negotiate without final commitment. Indeed, the completion of the sale can be structured to the best advantage of the parties, for example, to coincide with the sale of the purchaser’s previous house, or the purchase of the seller’s new home. Furthermore, the owner need not commits to any doubtful prospect before the signing of the sales agreement, and is free to transact with a “better” prospect who could complete the deal in a shorter time or can offer a better price.

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Real Estate Overview in Sicily

There are many islands in the world that are known as “a slice of paradise” but only a few truly stand up to this statement. One of them is of course Sicily with its unpaired Mediterranean delight which is why it is very popular among those who are searching for a property in Italy. Sicily is located on the “toe” of Italy’s “boot” which couldn’t be close to the mainland even if it tried.

However, despite being in Italy ergo Europe, Sicily is a world apart, an exciting environment with a cosmopolitan mix of all of the pasted cultures that dominated this little island over the last couple of centuries. The Straits of Messina pose rather less of a threat to the modern visitor seeking Italian property for sale in Sicily. Now it is holidaymakers seeking the sun, good beaches, beautiful countryside and the rich culture and history of Sicily; and property seekers looking for some of the best value real estate in Italy.

Anyone how is interested in purchasing a home in Sicily accept a great variety of culture from colonists that really influenced the language, the cuisine and the culture overall. If you are planning on purchasing a property here, head down into to southern corner and you will find a generous number of Baroque towns like Comiso, Modica and Ragusa. We almost omitted the most important one which is Noto. The price is about 2000 euro per square meter.

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Identity Theft Threatens Real Estate Owners

Around the clock and around the globe, the information super-highway makes life easier. But it is also convenient for hitch-hiking thieves who steal information to perpetrate fraud. Because of the preponderance of available real estate information, real estate owners make tempting targets.

Identity theft is fastest growing crime in America. According to the Federal Trade Commission, 10 million people were victimized last year, and by 2010 they predict one quarter of all Americans will have been affected. Further, the FTC estimates that once your identity is misused, it takes roughly 16 months and $1,000 to clear your name.

It’s been two years since real estate entrepreneur John Smith’s identity was pirated. One day he noticed unfamiliar charges on his credit card statement. It was the first “charge” in a frustrating battle of disputing bills, writing letters, and debating unsympathetic creditors. Says Smith, “I had a dozen rental properties and a 750 credit score, I could borrow millions-suddenly I was blacklisted!”

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Drones in Real Estate

Drones present a new and exciting technology for the real estate industry. Not only do they allow for a birds eye view of a property, but additionally they can serve as a convenient way to inspect a roof and other parts of a home. Drones can be summed up as an aircraft that does not have a human pilot on board. This statement raises some issues as many people have a fear of privacy and safety when it come to the use of drones. The U.S. Federal Aviation Administration, or better known as the FAA, currently has tight restrictions on the use of drones. While rules have yet to be finalized for the governing of the commercial use of drones, many are anxiously awaiting with projections being made that finalized rules will come out sometime between 2016 and 2017.

The Growing Use of Drones

Drones have been around for some time. You may have recently heard about one illegally landing on the White House lawn or perhaps be familiar with the military’s use of drones in warfare. No matter the application, drones have big potential. The use of drones as a hobby is allowed, but with certain requirements. For instance, the drone must be flown no higher than 400 feet above the ground and the operator must maintain visual contact with the drone at all times. By 2020, the FAA has estimated that over 30,000 small drones will be utilized for business purposes. Public, civil and model aircraft make up the three types of drones.

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