Issue link: https://www.epageflip.net/i/14774
Saturday, August 14, 2010 – Daily News – 3A To add an upcoming event in the Local Calendar, submit Local Calendar information well in advance to the Daily News, attention Calendar, P.O. Box 220, Red Bluff, 96080 or e-mail to clerk@redbluffdailynews.com.Include a contact name and telephone number. SATURDAY,AUGUST 14 Red Bluff Airplane Display Days, 8 a.m.-1 p.m., Red Bluff Airport, 1760 Airport Blvd., 527-6547 Decorative Brushes of No. California, 10 a.m., Red Bluff Community and Senior Center, 1500 S. Jackson St., 527-7449 or decorativepainters.org Farmers Market, 8 a.m. to noon, Red Bluff River Park, 527-6220 Corning Chris Gardner in Concert, 9 p.m.to 1 a.m., Rolling Hills Casino, free admission, 528-3500 or rollinghillscasino.com Youth Fair, 10 a.m. to 3 p.m., Northside Park, free swimming 1-3 p.m., 824-7670 Rancho Tehama Rancho Tehama Community Church Women’s Day Retreat, 9:30 a.m. to 4 p.m., Recreation Hall, 17605 Park Terrace, $20, 585-3165 SUNDAY,AUGUST 15 Red Bluff Back to School Project Cuts for Kids, 2-6 p.m., Red Bluff River Park, 529-4074, www.backtoschoolproject.com WHEEPicnic and Prayer Circle, 4:20 p.m., 22116 Riverside Avenue Corning Evangelist services, 7 p.m., Family Bible Church, 609 Marin St., 824-9989 MONDAY,AUGUST 16 Gerber Al-Anon, 6 p.m., Presbyterian Church, Jefferson and Hickory Gastric Bypass Support Group, 6 p.m., St. Eliza- beth Community Hospital, Columba room, 529-3066 Gerber Elementary School Board,6 p.m., Gerber School, 23014 Chard Ave. Head Injury Recreational Entity, 10 a.m., St. Eliz- abeth Community Hospital, Coyne Center, Rusty, 529- 2059 Key to Life, 6 p.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528-8066 Red Bluff Community Band Concerts in the Park, 8-9 p.m., Red Bluff River Park, 527-3486 Retired and Active Federal Employees, 11:30 a.m., Veteran’s Memorial Hall, 735 Oak St., call Karen at 585-2494 Salvation Army Writing Class, 9:30-11 a.m., 940 Walnut St., 527-8530 Sun Country Quilters Community Service Group, 9 a.m.to 3 p.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528-8066 Corning Kirkwood School Board, 5 p.m., 2049 Kirkwood Road Narcotics Anonymous, 7 p.m., 815 First St., 385- 1169 or 566-5270, daily through Saturday, noon Mon- days, no meeting the third Wednesday Sewing group, 9 a.m., Family Resource Center, West and South streets, 824-7670 Spanish Adult Education, 5 p.m., Family Resource Center, West and South streets, 824-7670 Strategies for Success, Life Skill classes, 1:30 p.m., Family Resource Center, West and South streets, 824-7670 Los Molinos Senior Dance,7 p.m., Los Molinos Sr. Social Club, Los Molinos Senior Center, Josephine St. Gerber Gerber Union Elementary School Board, 6 p.m., 23014 Chard Ave. Flournoy Flournoy Elementary School Board, 6 p.m., 16850 Paskenta Road TUESDAY,AUGUST 17 Red Bluff City Council, 7 p.m. City Hall, 555 Washington St. Diabetic Education, 12:30 p.m. St.Elizabeth Com- munity Hospital, Columba Room, 529-8031 PAL Kickboxing, 4 p.m., 1450 Schwab St., 529- 8716 or 200-3950 Playtime Pals Playgroup, 9:30 a.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528- 8066 Credit counseling could give you breathing room On a daily basis, I share the pain of so many of you who write to me ask- ing for help in forestalling a foreclosure or dealing with creditors. Today's column is dedicated to J.B., who contacted me through my blog (www.TerrySavage.com and blogs.suntimes.com). J.B. worked diligently with his lender to try to secure a modification, but in the end simply didn't have the income or resources to make it work. Last week, he had to tell his family that they must leave their home of 25 years, which was compromised when he fell victim to a refi- nancing scam. That scam was investigated by the Illi- nois attorney general's office. The scamsters were found, but they themselves were in foreclosure and bankruptcy, so no recovery was possible. What I want to say to you, J.B., is: Don't give up your belief in the future or in America. If you did it once — built a home and security — you can do it again. And for those of you seeking help in these tough times, here's some general advice — but no guarantee of a suc- cessful outcome. The first response to this serious sit- uation is often a kind of paralysis — disbelief, followed by fear, followed by a sense of inevitability. But there are steps you can take to confront the issues — and perhaps even delay the process, giving you some breathing room, if only to make alternative arrangements. First, there is helpful, trusted, indi- vidualized advice available through the national, nonprofit Consumer Credit Counseling Services. If you call their toll-free number, (800) 388-2227, you will automatically be connected to the nearest local affiliated agency. They have trained counselors, with resources to help you sort things out, or help you create a debt repayment plan. They can even recommend bankruptcy attorneys as a last resort. Last week, the Federal Trade Com- mission set up new rules for so-called debt negotiation companies, which I've written about in this space. Under the new FTC regulations, which take effect Oct. 27, these debt settlement compa- nies are going to be on a much tighter leash. A debt settlement company will only be able to earn fees when it reach- es a settlement on at least one of the consumer's debts -- an agreement that the consumer approves in writing. Fees cannot be collected until the consumer has made at least one payment to the creditor as a result of the negotiated agreement. And these debt settle- ment companies will be required to make certain pre-contract disclosures, including how long it will take to get results and how much it will cost. But the new FTC rules do not limit the amount of fees that can be charged, so those who enter into these agreements must still decide if it is worth the ulti- mate cost — not only in dollars, but in the hit to their credit report when an account is reported "set- tled" and not paid in full. Remember, in order to Terry Savage The Savage even offer a "settlement" in negotiation, you must have some cash. Many of these companies suggest you divert your monthly card payments to an escrow account to build up negotiat- ing power. In the meantime, your cred- it is further ruined. Consider debt nego- tiation as an alternative only if you already have a sum to offer. Then a set- tlement might look attractive to the lender, or the collector, instead of a write-off in bankruptcy. And remem- ber that debt negotiation is only for unsecured debts — not for mortgages or car loans. Yes, the banks have obviously decided that loan modifications are not working. Fewer than 300,000 modifi- cations have been made under the fed- eral program — and according to latest statistics, more than half have been abandoned. If counseling determines that a fore- closure is inevitable, you can either get legal help or appear in court to face your adversary. Remember, every month you can delay the procedure is a time when you could save on rent you Truth on Money would be paying elsewhere. That might give you time to accumulate money for moving expenses and a deposit on your next living space. That's a sad commentary on the state of our housing market -- but someone has to be last in line for foreclosure, and you'll be better off if it's you. Ask the lender whether you can give up title but stay in the home and pay a nomi- nal "rent." They may recog- nize that this type of arrange- ment will maintain the prop- erty and minimize chances of vandalism. But you can make this kind of deal only if you submit an offer in writing to the appropriate person at the bank. The lawyers they hire to manage the process don't want to make exceptions, since the extra paperwork costs them time and money. The company assigned to sell the property has similar disin- centives to keep you in the home, making it more diffi- cult to sell the property. You're not alone. It's esti- mated there could be as many as 4 million mortgage fore- closures in America this year. And we're on track to record 1.5 million per- sonal bankruptcies. Of course, many people hit both categories. And there's no end in sight as unemployment remains high. They say that misery loves compa- ny. But America was based on second chances. We have no debtors' prisons here. Sometimes the best way out is to simply face up to the reality, take the consequences — and then start think- ing about what you will do differently in the future. You can start over. The only sin is giving up. And that's The Savage Truth. Terry Savage is a registered investment adviser and is on the board of the Chicago Mercantile Exchange. She can be reached at www.terrysavage.com. She is the author of the new book, "The New Savage Number: How Much Money Do You Really Need to Retire?" First-time buyer tax credit The Franchise Tax Board (FTB) announced Friday that it will stop accepting applications for the First-Time Buyer Credit at mid- night Sunday, Aug. 15. As of Aug. 4, FTB has received 31,460 applications. Because some of the applica- tions are invalid or duplicates, FTB will continue to accept them through Aug. 15, to ensure that enough valid applications are received to properly allocate the full $100 million of tax credit. FTB estimates that it can award about 17,500-20,000 credit certificates to unique and valid applicants. However, once the Police reports The following informa- tion is compiled from Red Bluff Police Department, Tehama County Sheriff’s Department, Corning Police Department and Cal- ifornia Highway Patrol. Crashes • An Oregon woman Red Bluff Rotary, noon, Elks Lodge Tehama County Board of Supervisors, 10 a.m., board chamber, 727 Oak St. Tehama County Health Partnership, 1 p.m. to 3 p.m., 1135 Lincoln St. 527-6824 (EVEN MONTHS) Tehama County Resource Conservation Dis- trict, 8 a.m., USDA Service Center, 2 Sutter St., Suite D Tehama County Patriots, 6 p.m., Trinity Landmark Missionary Church, 20920 Hampton Rhodes Drive Tehama District Fair board, 1 p.m., Tehama Room, Tehama District Fairground, 650 Antelope Blvd. received minor injuries in a crash at 3:12 p.m. Thursday on northbound Interstate 5, north of Jellys Ferry Road that backed traffic up for about an hour and a half. Carolyn Duerr, 67, was dri- ving north about 70 mph in the fast lane when a possi- ble tire blow out occurred and Duerr made an unsafe turning movement from the fast lane into the dirt center divider. Duerr said she would seek her own aid. Her vehicle, which came to rest in the divider and par- tially in the fast lane, had moderate damage to the front of the vehicle includ- ing both front tires and rims. • A yellow Mustang funds are exhausted, any remaining applica- tions will be denied. The state is provid- ing $100 million in tax credits to first-time home buyers. The credit will be allocated on a first-come, first-served basis using the date and time stamp on the fax submission, until the money is exhausted. The tax credit is avail- able to those who pur- chased a qualified prin- cipal residence and did not own one during the last three years. This credit is five percent of the purchase price or $10,000, whichever is less. Taxpayers must claim the credit on their tax return in equal reportedly struck a sign Thursday afternoon at Raley’s. Arrests • Shance Nehemiah Crow, 27, Tehama, also known as Hollywood, was arrested Thursday night on Paynes Creek Road by a bail bonds agency on suspi- cion of obstructing or resist- ing arrest and public intoxi- cation. Bail was set at $52,500. • Ramos Eduardo Her- nandez, 26, Corning, was arrested Thursday on Mar- guerite Avenue by the CHP on suspicion of driving without a license, using false documents to conceal his citizenship and forging public documents. Bail was set at $35,380. • Shannon Gloria Helton 21, Red Bluff, was arrested Thursday night on Second Street by a bail bonds Jack the Ribber Come by for the Best Lunch in town • Ribs •Tri-Tip • Pulled Pork • Specials Tues.-Sat. 6am-8pm Sun. 10am-3pm Closed Monday 1150 Monroe St. 527-6108 amounts over the fol- lowing three tax years. To apply, the buyer must complete and fax an FTB Form 3549-A, Application for New Home / First-Time Buyer Credit, along with the final settlement statement. It must be faxed to FTB within two weeks (14 calendar days) after the close of escrow. The fax number is 916 855-5577. Taxpayers must receive a certificate of allocation from FTB to claim the tax credit on their California person- al income tax return. FTB expects to send the allocation certificates over the next few months starting in August. agency on suspicion of for- feiting bail. Bail was set at $15,000. Theft • A bicycle was reported stolen Thursday morning at Music Avenue. It was described as a gray-and-red Magma 21-speed mens’ mountain bike. The loss is $200. • Someone reported the theft of $50 Thursday evening at Superior Court 3. Vandalism •Vandalism to a vacant property on Hillcrest Drive was reported Thursday morning. California homebuy- ers still have time to qualify for the state’s other $100 million home tax credit for the purchase of a new home. The New Home Credit is available for taxpayers who purchase (close escrow) a new home on or after May 1 and before Aug. 1, 2011, as long as they enter into an enforce- able contract executed before Jan. 1, 2011. The seller must certify that the home has never been previously occu- pied. For more informa- tion, go to ftb.ca.gov and select or search for Tax Credits for New Home Purchase / First- Time Buyer. •Vandalism was report- ed Thursday morning to a Vista Way door. Sparkler fireworks used in the area may account for the dam- age, estimated to be $10. Odd •A man was reportedly admonished early Friday morning for climbing the chain fence on the Antelope Boulevard bridge over Interstate 5. • Police received a report of a go-cart around 5 a.m. Friday at the corner of Wal- nut Street and Paskenta Road but were unable to locate any vehicle matching the caller’s description. FREE KIDS HAIR CUTS Sun. Aug. 15 2-6 pm Red Bluff River Park FREE FOOD ★ KIDS GAMES LIVE MUSIC 529-4074 Beauticians needed