From a Lender's Perspective, Is A Loan Modification The Best Choice?

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Recently it has been reported that foreclosure numbers are down in Sacramento.  http://www.sacbee.com/2011/05/12/3622518/foreclosure-activity-drops-again.html. This may be due to the fact that many lending institutions are choosing to modify loans that they before would have foreclosed upon.  Typically, a paying customer is better than no customer at all.  However, when modifying a loan, a lender must… Read more »

Frivolous Lawsuits and Malicious Prosecution

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“Frivolous”, “meritless”, “worthless”, “BS”, the list goes on and on.  People often use these terms to describe a lawsuit.  But what exactly does a “frivolous” lawsuit mean, and what are the implications?  In California a frivolous lawsuit can have various meanings.  For example, in the employment arena, an employer sued by an employee can sometimes… Read more »

Public Contracting…The Potential Perils?

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It’s no secret that when the economy takes a hit…so does the construction industry.  So what do contractors do when the work available is minimal and private companies cannot afford to carry out their grandiose plans of development?  Contractors turn to public contracting.  Even with the crippling California state economy, state projects are still going… Read more »

Where Do You Want To Do Business?

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As you know, we are avid readers of the Sacramento Business Journal.  Last week the Sac Bizjournal ran a story about the difficulties of doing business with the City of Sacramento.  You can read the article here.  With the Kings potentially leaving town and office vacancies at all time highs… I can’t help but think… Read more »

Workers' Comp Rate Increases… Haven't We Been Here Before

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The Sac Biz Journal has bad news for employers… workers’ compensation insurance rates could be going up.  Apparently, the Workers’ Compensation Insurance Ratings Bureau recommended a 40% increase in workers’ comp insurance.  Now the 40% rate increase is not necessarily going to become effective as it is merely advisory recommendation only.  Nevertheless, we could see… Read more »

Contractors: Get Your Money Directly From The Owner Or Lender With A Stop Notice

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Almost all California contractors are aware of the availability of the California mechanic’s lien law, and how they can use these important procedures to obtain payment from a problem project.  However, many contractors are not aware of a similarly powerful procedure:  the stop notice.   This article will give a basic primer on how stop notices… Read more »

What Exactly Is A Layoff And What Does It Mean (Legally)?

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While the term “layoff” is routinely used when discussing the workplace, the exact concept of what it means is subject to some confusion.  Sometimes known by the term “downsizing”, a layoff is also frequently associated with the word “termination” in the minds of employees, as in modern times an employee who has been laid off… Read more »

Looking For A Business Loan?

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As many of you know it is next to impossible to obtain a loan from a bank for your business.  Put simply banks are not lending money right now.  However, there is one lending institution in the Sacramento area that is providing business loans, SAFE Credit Union.  SAFE Credit Union began lending to business beginning… Read more »