Cort Arlint presents at a town hall foreclosure meeting
Local Pros Dispense Free Advice
Written by Jared Bogens Francisco
Nevada may be known as the Silver State, but right now the general economic decline that is being felt around the country, along with other financial problems, has given the state more than its fair share of hardship.
People are fighting to keep their homes, jobs, and businesses, and in some cases, their spouses and children.
In an effort to help Henderson residents with some of those concerns, a small panel of experts including a realtor, a marketing specialist and a handful of lawyers from various fields conducted a free panel on April 12 to help address some of the issues that are plaguing the residents of Henderson. The group will hold a second panel, also free, on May 10 at 7 p.m. at Ticor Title, 2240 Paseo Verde Pkwy.., Ste. 190. With so many residents financially broke, out of work, or just in a difficult financial situation, words like bankruptcy, foreclosure, and short sale are quickly becoming all too familiar with the general public, yet most people fail to understand the exact nature of those terms or their implications, panel members said.
The members of the panel all specialize in different fields and bring a range of different perspectives that allows them to see other aspects of the problems that they deal with on a day-to-day basis. The joint effort of this group aims not only to help those who attend, but also to give everyone involved a fresh new look at financial problems and, possibly, solutions that are more palatable.
Financial planner Jocelyn Holzwarth told those in attendance that one of the biggest and most commonly made mistakes is to simply quit making payments on the seemingly insurmountable debts. Many who are feeling the increasing pressure from foreclosures and dwindling home values simply decide to stop paying on their homes and inadvertently give up options that could not only help them in their struggle but, in most cases, they didn’t even know they were entitled to, she said.
Another small bit of advice, given by certified public accountant and attorney Cort Arlint, is that people with more than one residence can usually keep their primary residence; however, depending on what they do with other big-ticket items, such as cars, boats, or other homes, those items could actually end up counting as a source of income and be subject to taxes, fines or other penalties.
All in all, the seven-person panel of professionals was there to help give advice. In many cases, these financial problems, which are enough trouble by themselves, are often compounded by others issues, such as divorce.
It is especially because of the complexity of this national financial crunch that most people don’t even know how to begin to deal with these problems, panel members said, which is why they hope to help at least a few by lending their expertise.
Copy of an article written by the Henderson Press and can be found at the following URL http://www.hendersonpress.com/business/item/395-local-pros-dispense-free-advice
