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GOOD NEWS!!!! Intelligence and technical skill factor into only 25% of a person's chances for success, the other 75% is made up of your optimism, the support of your social network, and your attitude toward stress (whether you view it as a challenge or a threat). So your optimism, the optimism of those around you, and your attitude about stress( optimism under pressure) account for ¾'s of your success. HAPPINESS AND OPTIMISM ACTUALLY FUEL PERFORMANCE AND ACHIEVEMENT. The mental construction of your daily activities, more than the activity itself, defines our reality. WHAT CONNECTS YOU TO THE AMAZING EVERYDAY???? For me it is affirming what I know to be true and good and holding those thoughts and words in my heart and my head. Denial is not a strategy but looking for the good in all challenges and disappointments is. READ GOOD STUFF!!! SAY GOOD STUFF!!!! RUN like a son of a gun from Negative people, places and things. Attitude is not everything but the first thing!!!! S...
So, have you been wondering if it is a good time to do a strategic short sale? A short sale is when you sell your house for less than what is owed on the mortgage...quite a common thing nowdays. A "strategic" short sale is when you can afford to keep making your mortgage payments but you are so upside down on your loan that it makes more sense to just let the house go and start over. 2012 may be the time for you to make your move. In 2013 the amount short on the mortgage will become taxable. Currently if you sell your home and the proceeds are $100,000 less than the mortgage you can usually have the bank forgive the amount short and there are no tax ramifications (there are conditions that have to be met and every case is a little different). In 2013 due to changes, if you are $100,000 short and you are in the 25% tax bracket...you will owe $25,000 in Federal Taxes. To avoid the tax, you must sell your house in 2012 and you must have documentation of the bank forgiving the deficiency...
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