Posts Tagged ‘Taxes’

8 Mar

5 Tax Tips, Tricks, and Traps for Homeowners

5 Tax Tips, Tricks, and Traps for Homeowners

Ask a roomful of homeowners what’s so great about owning versus renting, and you’ll hear them holler in unison: “the tax deductions!” And it’s true – homeowners who itemize their taxes are able to deduct 100% of their mortgage interest and property taxes from their income tax returns. Five essential need-to-knows about home-related income tax [...]

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Posted in Home Sellers, Real Estate Articles, Taxes | 1 Comment »
27 Feb

IRS decides to be more lenient on liens

The use of tax liens has soared more than 60% since the start of the recession, according to IRS Taxpayer Advocate Nina Olson. Olson has called on the IRS to moderate the use of this collection tool, which can make it difficult for an individual to find a job, obtain affordable housing, or buy insurance [...]

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Posted in Home Sellers, Real Estate Articles, Taxes | 3 Comments »
14 Feb

No more government backed loans!!

No more government backed loans!!

So what happens to the market when Freddie and Fannie are disbanded? What happens when private capital has to back our real estate loans? With the exception of FHA will the purchase of a home be a distant memory if you don’t have 30-40% down? See Obamas plan to phase out Freddie and Fannie

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Posted in Buyers, Financing, Real Estate Articles | No Comments »