Mediaboss Marketing

Irvine, California (PRWEB) February 21, 2012

Deed and Record provides new internet service to verify California real property has been transferred into trust. Additional internet service is available to transfer real property into the trust. Deed and Record prepares California quit claim deeds and records the deeds with the county recorder’s office. This service also includes preparing and filing Preliminary Change of Ownership Report and the payment of all filing fees.
Title verification is available at http://deedandrecord.com/trust_transfers/deed_research

California trust transfer by quit claim deed is available at http://deedandrecord.com/trust_transfers/trust_transfer_deed

Call 949-474-0961 or go to http://www.deedandrecord.com for more information.

Save Money
Deed and Record is the low cost provider in quit claim deeds. Save $150 compared to other online services. The service includes recording the deed with the County Recorder’s office and payment of all filing fees at no additional cost.

Asset Transfer by Trust is a Two Step Process.
First, assets are transferred into the trust while the person is living.
Second, when the person dies assets are transferred from the trust to persons who are living as directed in the trust.
California home owners who have a trust but have not completed the transfer of assets into the trust will not avoid probate. The trust is in reality a glorified Will.
Deed and record will prepare a quit claim deed to fund the living trust, prepare and file required transfer tax exemptions and record the deed with the proper county recorder.

Why a Quit Claim Deed?
A quit claim deed does not contain any implied warranties. The owner who “quit claims” real estate simple conveys whatever ownership interest he or she has along with any debt or loans secured by the property. The quit claim owner makes no promises and the property is taken “as is.” A quit claim is the easiest and cheapest way to transfer ownership to a trust.

Why Preliminary Change of Title Report?
Each county assessor's office in California reviews all recorded deeds for that county to determine which properties require reappraisal under the law. Proposition 13 requires the county assessor to reassess the property to its current fair market value as of the date the change.
Since property taxes are based on the assessed value of a property at the time of acquisition, a current market value higher than the previously assessed Proposition 13 adjusted base year value will increase the property taxes. But there are exclusions.
Transfers in and out of a trust are exempt. To obtain the exclusion, the grantee fills out a form for the county assessor entitled Preliminary Change of Ownership Report (PCOR).

Why Record the Deed?
The deed must be made part of the public record so the world knows there has been a change of ownership. The deed must be recorded in the county where the real property is located.

Make it “Legal”
A properly prepared quit claim deed must have a legal description so the county recorder’s office can add the deed to the public chain of title. The legal description is not the street address. The legal description has at a minimum the map, block and lot number of the real estate property. County recorders will not accept a quit claim deed without a legal description.

Receive Personal Service
Now home owners can use the internet to verify title and fund trusts. Homeowners can stay at home while at the same time receive personal service from a real person.

Contact
To begin or for more information please go to http://www.DeedAndRecord.com, or call Mark at 949-474-0961 or email to Mark(at)DeedAndRecord(dot)com.

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New Service for California Home Owners with Unfunded Trusts

Hosting and Web domain name registration company, Melbourne IT (ASX:MLB), has suffered a net profit after tax (NPAT) loss of 16 per cent in its 2011 financial year.

NPAT was at $13.5 million, down from $16.1 million in financial year 2010.

Revenue dropped five per cent to $179.8 million.

Earnings before interest and tax (EBIT) plunged 11 per cent, impacted by the strong Australian dollar and $3 million transformation investment. Earnings were also affected by instability in the European economy since the company has operations in that region.

Melbourne IT embarked on a country-wide transformation project in 2010 after completing a number of acquisitions. The object was to integrate the acquired business, including disparate IT systems, into Melbourne IT and growth revenue as a result.

The project is entering its final year of implementation.

Earnings before interest, tax, depreciation and amortisation (EBITDA) was down 13 per cent to $25 million.

Operating cashflow was, however, up two per cent to $19.1 million.

Melbourne IT CEO, Theo Hnarakis, said the losses matched projections from last year and is optimistic about the future.

“With enormous confidence, we believe we’ve managed to deal with the various challenges and positioned Melbourne IT for future growth,” he said. “We’ve probably had our two hardest years behind us and looking ahead we think there’s some great success ahead of us.”

While the first half of the year was challenging for Melbourne IT, Hnarakis said there was a significant rebound in the second half. He expected the rebound to continue into the company’s 2012 financial year.

In terms of revenue in each business unit, digital brand services remained steady and actually grew by eight per cent to $55.3 million.

Enterprise services, on the other hand, dropped 15 per cent to $26.8 million. The company blamed this on absence of larger project contracts in 2011 but it managed to stave off further losses by refocusing efforts on annuity revenue in the second half of its financial year.

Hnarakis said, while the results are fairly average this time around, his company has invested heavily into that division, which is expected to have double digit growth in revenue and profit.

As traditional businesses begin to seriously invest in online strategies, Melbourne IT is expecting significant opportunities to emerge.

The company is also looking forward to getting a slice of a multi-billion dollar market as the Internet Corporation for Assigned Names and Numbers (ICANN) lifts restrictions on top-level domain names in 2013.

It is currently sitting on 120 applications for .brand domain names to the ICAAN. Melbourne IT charges between $50,000 to $100,000 processing fee per application. The company expect more applications to roll in before the close date.

Melbourne IT’s SMB and reseller program, global partners solutions, segment was down nine per cent in revenue to $89.4 million. Within that division, domain registration revenue was down 13 per cent to $54 million.

Hnarakis said the company is still committed to the partner model but it does have plans to initiate a strong direct selling strategy which would be detrimental to the revenue of its channel partner.

As a way to turn the tides, Melbourne IT is looking to expand into emerging markets with new partners already signed in the Philippines and India.

The company noted IT services revenue continued to grow with services and consulting making up 63 per cent of revenue in its 2011 financial year.

Net debt for Melbourne IT is at $21.2 million.

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Updated: Melbourne IT profit down 16 per cent

Internet domain name manager Melbourne IT says it is well-positioned for the future despite a fall in annual profit.

Melbourne IT on Tuesday booked a net profit of $13.5 million for the 2011 calendar year, down 16 per cent on 2010's profit of $16.1 million.

The company said the 2011 annual result was in line with its market guidance provided in August, which predicted a stronger second half.

"2011 was one of our most challenging years yet, as we were not only dealing with further unfavourable foreign exchange headwinds and continued difficult global trading conditions but also making significant investments in system transformation where the benefits are not scheduled to flow until 2012," Melbourne IT chief executive, Theo Hnarakis, said in a statement.

"Despite the negative impact of a strong Australian dollar on our financial growth, Melbourne IT is positioned well for 2012 and beyond.

"We made solid progress in our systems transformation project, and invested heavily in new product and service development, which support our belief that 2012 will see a return to profit growth."

Hnarakis said adverse foreign exchange movements had cut earnings before interest and tax (EBIT) by $2.5 million in 2011.

Melbourne IT said its global leadership position on new ".brand" top-level domain names had boosted the 2011 result.

"The company expects the ".brand" opportunity to drive significant revenue growth again in 2012 and beyond."

Hnarakis said Melbourne IT's EBIT was expected to rise by at least 10 per cent in 2012 assuming that the Australian dollar exchange rate remained at current levels.

Melbourne IT's revenue for 2011 fell five per cent to $179.8 million, from $189.9 million in 2010.

The company declared a final dividend of eight cents per share, in line with the final dividend one year earlier.

Shares in Melbourne IT were seven cents higher at $1.51 at 1108 AEDT on Tuesday.

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Melbourne IT FY profit down 16%

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