Crushing Debt

In this week's episode of The Crushing Debt Podcast, I'm joined again by our associate attorney Lauryn as we discuss a few different topics, including a few listener questions.

• What is a TRIM Notice?
• Lauryn's first hearing (solo) as an associate attorney
• How we helped two different clients eliminate garnishments
• How we scared off a creditor with one letter
• Listener Question - how a lien can be removed from property.
• Listener Question - how to evict mom (written lease expired, tenant refuses to leave, and has done damage to the property).

What questions do you have that we can answer around debt, foreclosure, landlord / tenant questions, property taxes, IRS debt, bankruptcy, or garnishment? Please contact us at www.YesnerLaw.com, me at [email protected] or Lauryn at [email protected].

This week's Crushing Debt Podcast Episode is inspired by a few financial advisors we know, including past guests like Forrest Baumhover, and our sponsor, Chris Calandra with Elliot Wealth Management Services.

When someone files bankruptcy, their concern is "what can I keep?" That question is answered by reviewing the debtor's exemptions - those things protected under State or Federal Law. One of the items protected is IRAs, Individual Retirement Accounts.

However, the United States Supreme Court came out with a ruling that not all IRA's are protected. IRA's that are inherited, while exempt from withdrawal penalties, are not protected under the bankruptcy code. Meaning, if you inherit an IRA and have to file bankruptcy, that IRA will have to be paid to the bankruptcy trustee to repay creditors (unless some other exemptions apply).

In this week's episode, we discuss the logic behind the Supreme Court's decision.

Do you agree? Do you think inherited IRA's should be exempt, or subject to repay creditors? Let me know at [email protected] or www.YesnerLaw.com.

In this week's episode of The Crushing Debt Podcast, I again visit the Freddie Mac (Federal Home Loan Mortgage Corporation - FHLMC) Exclusionary List. For those who don't know what it is: if a real estate professional (Realtor, Mortgage Originator, Title Company, Inspector, Appraiser, Attorney, etc.) finds themselves on the List, they cannot participate in a real estate transaction involving Freddie Mac.

One frustration with helping people come off the List is that Freddie Mac does not provide any input on what it takes to come off the List, except a paragraph or two on a policy worksheet that they send with the original letter putting someone on the List, and any denials of requests to come off the List.

Since Freddie relies on their policies, I thought I'd take a more thorough look at them in this week's episode.

If you want more content about the Freddie Mac Exclusionary List, please listen to:

- Episode 134 - an explanation of the List I provided at a seminar called Become A Better Agent (or BABA).

- Episode 132 - Coming off the Freddie Mac Exclusionary List

- Episode 83 - An update of various approved and denied requests to come off the List

- Episode 32 - an introduction to the List.

If you are on the List, or know someone on the List, we have helped people come off the List. Please share any of these episodes, and have the person on the List contact us for a free consultation.

[email protected] or www.YesnerLaw.com

We have a special guest host on today's episode of the Crushing Debt Podcast, but don't let the cuteness distract you from the content of the episode.

Today's episode is a discussion of Florida Statute 501.1377 - Violations involving homeowners during the course of residential foreclosure proceedings.

The statute defines:

• Equity Purchaser
• Foreclosure-Rescue Consultant
• Foreclosure-Related Rescue Services
• Foreclosure-Rescue Transactions

The statute then defines the requirements of helping someone in foreclosure, or who could be in foreclosure, and the penalties for violation of the statute.

Although there are some exclusions from the law, if you work with people in foreclosure, you need to be aware of the requirements of the statute. If you have questions, please contact me at [email protected] or www.YesnerLaw.com.

Last month was a bit rough. But I've always been a believer in mindset and the power of mindset to lift someone out of a bad mood. I appreciate all of you as listeners of the show and thought I would share some of my favorite positive quotes, as a way to lift myself out of this funk, and as a way to help you when you hit a rough patch. Some of these are mine, or I've heard from family. Others I've read in books or heard at different events. I try to give credit to the author as and when I can.

The process of recording and sharing these quotes with you has helped me to feel better and, for that, I thank you.

What are some of your favorite positive quotes? What are some of your favorite things to do when you're feeling down? Please let me know by emailing me at [email protected] or at www.YesnerLaw.com.

Crushing Debt Podcast audience, meet Lauryn Fabrizio, our new associate attorney at Yesner Law.

Lauryn will be joining me from time to time to "co-host" the show, answer your questions, and provide additional knowledge and an additional perspective.

On this week's show, we answer a few listener questions regarding various issues, including landlord/tenant law.

To contact me with questions, please email me at [email protected]. To contact Lauryn, email her at [email protected].

One of my goals is to read - I've set a goal of 30 books in 2019 and I will smash that goal (I'm on book number 24 as this episode is released, although I was working on book 23 as I recorded the episode). When I mention "reading" books, I mean legitimately reading physical books or books on my kindle. I am not including audio books, because I listen to podcasts while I drive around.

In this episode of the Crushing Debt Podcast, I review the following five last books I've read:

The Purple Cow by Seth Godin. The basic premise of this book is how you can make your business stand out in a crowd.

The Compound Effect by Darren Hardy. This book teaches you that small incremental improvements every day add up to tremendous changes over time.

Whale Done by Kenneth H. Blanchard, Thad Lacinak, Chuck Tompkins, and Jim Ballard. My biggest takeaway from this book is the power of positivity in creating relationships with my staff, my friends, my family and everyone else with whom I interact in all phases of my life.

Raving Fans also by Kenneth H. Blanchard, and Sheldon Bowles. I love Mr. Blanchard's books because they use stories to make their point, and in this book the lesson is how to create raving fans for your business.

Putting Stories to Work by Shawn Callahan. I have always felt that finding and telling stories in my presentations was a weakness. This book cures that weakness by showing you how to find, incorporate, refresh or retire stories in your presentations.

What are some of your favorite books?

Where do you find your books?

Do you prefer printed books, e-books, or audible books?

Please let me know in the comments, on social media, by email at [email protected] or through the website at www.YesnerLaw.com. You can also order my book - Crushing Debt: 9 Strategies to Eliminate Financial Bullies, and listen all the way to the episode for an offer from me!

On this week's episode of the Crushing Debt Podcast, I answer more listener questions related to foreclosure law and title law, and I continue to describe my love-hate relationship with foreclosure mediation.

If you have questions that you want me to answer on future episodes, please interact with me on social media, send me an email at [email protected] or contact me through the website www.YesnerLaw.com.

Nick Raithel has been a great friend and resource to The Crushing Debt Podcast, introducing us to some of our best guests, being a guest himself on episodes 64 and 91, and having me on his show - 7 Rules for Real Estate Investing.

Nick was kind enough to provide us with a portion of the content from when I was on his show, Episode 9, which is the topic of today's episode. Nick and I talk about my 7 Rules for Real Estate Investing, or 7 mistakes I see Real Estate Investors make when investing in property.

Nick's previous appearances on the show were about writing a book to establish yourself as an authority in your field (episode 64) and writing a book specifically as a real estate investor (episode 91). If you're interested in contacting Nick, or getting more information about Nick's system to help you write a book in seven hours, please visit him at www.ContentCorps.net/Yesner

What other Rules do you have for investing in Real Estate? Please let me know at [email protected] or www.YesnerLaw.com.

This week's guest on the Crushing Debt Podcast is one I've been trying to get on the show since its inception, so I am so excited to have him on finally!

Charles Shapero is the owner of Widget Bookkeeping & Tax, where his mission is to help his clients pay the lowest amount of tax legally possible using his knowledge of the Internal Revenue Code and his 20+ years experience as a CPA. I met Charles around 2006 at a real estate investor meeting, and we have been friends and referral partners since.

In today's episode of the podcast, we talk about the good and bad of the Tax Cuts and Jobs Act (which some people call the Trump Tax Cuts). Love him, like him or hate him, the new Tax Act has some pros and cons, including:

• Pro - lowers tax brackets
• Pro - increases the standard deduction
• Pro - child tax credit
• Pro - qualified business income credit
• Con - decrease in personal exemptions
• Con - Tax deduction caps

Make sure that with the change in the laws, you have your tax planning performed by a CPA that understands both the benefits and drawbacks to the law, so that you pay the lowest amount of tax legally possible.

To contact Charles, email him at [email protected], visit his website at www.WidgetCPA.com, connect with him on Facebook, or call his office 727-953-9493.

If you have questions for me - [email protected] or www.YesnerLaw.com.