In most home or real estate purchases there may be a very challenges but most things is to work through it if you want to get that home brought, according to Jeff Lowe, Bridgeport Realtor. You want to try anticipate as many potential problems as possible as early as possible so that if something does go wrong, you can cancel the contract without penalty. These are called “contingencies” and you must be sure to include them when you offer to buy a home.

Contingencies basically give you excuses to get out of the deal because of potential problems or defects later discovered.

For example, some “move-up” buyers often agree to purchase a home before selling their previous home. Even if the home is already sold, it is probably a “pending sale” and has not closed. Therefore, you should make closing your own sale a condition of your offer. If you do not include this as a contingency, you may find yourself making two mortgage payments instead of one.

Other common contingencies you should include in your offer for your real estate purchase, getting proper financing, home passing inspection, the property gets appraised at a certain price. During the escrow period you are likely to require certain inspections, and another contingency should be that it pass those inspections.

Basically, contingencies protect you in case you cannot perform or choose not to perform on a promise to buy a home. If you cancel a contract without having built-in conditions and contingencies, you could find yourself forfeiting your earnest money deposit. So its best to sit down with your real estate agent, some one like Jeff Lowe and figure out all your conditions and contiguencies to adequately protect yourself.

Or worse.

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This is all getting really ridiculous with all the bi-partisan fighting between the two sides.  The House is struggling to pass a measure that is going to get voted down by the Senate.  Its unclear if the House would pass the measure that the Senate can pass.

Its clear now that the Republican party has no interest in doing anything that will help this country move forward.  Their only goal is to filibuster any attempts to move this country out it its current economic fiasco to make Obama look bad.

The markets has spoken with the huge decreases this week.  Let see if these guys can manage to do the right thing and pass legislation for the benefit of the country.

At the same time, the President needs to get off his ass and start trying to lead this thing.  He should have put out a proposal instead of taking this position of letting the two parties come up with a solution.  But who knows!  Maybe he knew there was no point in putting out his own proposal because nothing would get down as evident by what is transpiring now in Congress.

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In the state of California today, voters will get a chance to vote on a measure which would allow the state to tax marijuana dispensary $50.00 for every $1, 000.00 they are able to generate.  The tax is believed to bring in about $10 million dollars to the state which could help to pay for basic needs like funding the police, fire and for other essential services.  It will be interesting to see if this measure passes or not.  If so it could pave the way for the legalization of marijuana in the state in the next election.

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The US Treasury department is going to hand out tax refunds this year on prepaid debit cards to low income taxpayers who don’t have a bank account.  Its a new pilot program.  The Treasury department is going to send out some 600 k letters to households asking them if they want to take part in the pilot program.

For those without bank accounts, the debit cards will allow them to avoid check-cashing fees or costly refund anticipation loans and checks. Direct deposit is also faster. It takes 10 days or fewer for the IRS to process a tax return and deposit a refund electronically. A mailed paper check may not reach a taxpayer for up to six weeks.

I live this idea and hope it works out.  It is nice to see some progressive thinking finally kicking in.

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If you haven’t already heard, taxes will not be due on April 15 which is usually the norm due Emancipation Day, a little known Washington DC holiday that celebrates the freeing of salves in the district.

Emancipation Day falls on April 16th which is a Saturday but is observed on Friday, April 15th instead.  As a result, because the tax code states that filing deadlines cannot fall on Saturday, Sundays or holidays, taxes will not be due until Monday April 18th which is a nice benefit to all of us who have to pay taxes and who will not be getting any money back.

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Researcher have compiled a list of the most overused phrases, words, or terms used in resumes.  And the drum roll please.

Job seekers may want to search through their résumés and cover letters and reconsider using any instances of these words:

1. Extensive experience

2. Innovative

3. Motivated

4. Results-oriented

5. Dynamic

6. Proven track record

7. Team player

8. Fast-paced

9. Problem solver

10. Entrepreneurial

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A federal judge in Virginia declared the foundation of President Obama’s health care law unconstitutional because the government cannot require Americans to purchase insurance.  No court, according to the judge, had expanded the Commerce Clause of the US Constitution to allow the government to regulate a person’s decision not to buy a product.  In this case, health care.

In his order, he said he will allow the law to remain in effect while appeals are heard, meaning there is unlikely to be any immediate impact on other provisions that have already taken effect. The insurance coverage mandate is not scheduled to begin until 2014.

While two other federal judges have upheld the law, the conflicting ruling is going to eventually be settled by the Supreme Court.

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If you didn’t watch 60 Minutes last night you missed an unbelievable interview with Supreme Court Justice Stevens.  The interview gave you an insight into the Court and most of all how amazing Justice Steven is.  It covered the inter working of the Supreme Court, the Justice personal life and his love for sports.

And for those Baseball lovers out there, it even cover the great Babe Ruth and his shot at center field at Wrigley Field.  The Justice who was attending the game confirmed that the Babe pointed at center filed prior to hitting his famous home run at center field.

Make sure you look for this interview and watch it.  It was truly amazing.

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Yesterday, the Senate confirmed Elena Kagan as associate justice to the United States Supreme Court.  The 63-37 vote was mostly along party lines.  Kagan is set to begin a lifetime position as the nation’s 112th justice. She will be sworn into office Saturday afternoon, taking the traditional constitutional and judicial oaths. The newest justice will then be able to assume her court duties immediately.

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The Supreme Court has trimmed the now familiar Miranda warning.  The rulings will change the ways police, lawyers and criminal suspects interact amid what experts call an attempt to pull back some of the rights that Americans have become used to over recent decades.

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