Monthly Archives: November 2008
Mortgage Interest Tax Deduction Without Name On Mortgage
A mother-in-law passed away and her son and his wife took over the mortgage payments including mortgage interest. Can they deduct mortgage interest on their taxes even though their names are not on the mortgage? Yes, because they will use the property as a primary residence. Consult the IRS web site for more information on mortgage interest tax deductions.
Filing formal complaints against real estate agents
Know your rights if you have a complaint about your real estate agent. If your real estate agent has broken a law, you can file a complaint with your state’s regulatory agency, the Better Business Bureau, and the National Association of Realtors. If your real estate agent has committed a criminal act against you, contact the police. But make sure you have a true complaint against your real estate agent and not just a minor disagreement or frustration because your property has not been sold.
Don’t Close Credit Card And Protect Credit Score
Closing a long-held credit card can damage your credit score. Is there a way to close a credit card account without it affecting your credit score or credit history? One option may be to negotiate with the credit card company to switch the account number to a credit card without an annual fee.
At Closing, Include Another Home Inspection
When you buy a home you and a home inspector should do a final walkthrough before closing. While you may have had another home inspection along the way, the preclosing home inspection is important because by that point the sellers should have moved out of the home. You’ll look for different things depending on whether you’re buying new construction or an existing home.
Ilyce Glink on WSB Radio – November 26, 2008
Ilyce Glink filled in for Clark Howard, as part of an annual pre-Thanksgiving tradition. She discussed her plans for a Thanksgiving feast and strategized for Black Friday shopping. Ilyce discussed spending concerns for holiday shopping and shared some inexpensive gadgets that might make good gift ideas. She also reviewed Treasury Secretary Hank Paulson’s announcement of an $800 billion boost to consumer finances, including $600 billion to buy Fannie Mae and Freddie Mac assets. On news of lower mortgage interest rates, she discussed whether it is a good time to refinance.To find out more, tune into the show. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. Subscribe to her YouTube channel: www.youtube.com/expertrealestatetips and friend her to find out about new videos.
The Perfect Travel Mug By Oxo
Always need a coffee mug in your hand? Planning a long car trip? Oxo’s got the perfect travel mug for you. The 360 degree Oxo travel mug is innovative, neat and portable. Oxo’s travel mug makes drinking mess free and easy with smart 360 degree drinking design. Check out this Expert Real Estate Tips segment to learn more about the perfect travel mug by Oxo.
IRS Announces 2009 Mileage Rates
The Internal Revenue Service announced the 2009 optional standard mileage rates for 2009, which are used to calculate deductible costs on taxes. The r…
Most Seniors Want To Stay Put
A recent survey commissioned by AARP found that 79 percent of baby boomers want to stay in the home they are currently living in.
Less than 10 percen…
Real Estate Investment: Waiting For The Best Deal
Homeowners in some parts of the country such as Arizona, Nevada and Florida, are learning the hard way that their real estate investments may lose value. The growing number of foreclosures and short sales makes some wonder when the real estate market will hit bottom. If you’re looking to purchase real estate, how do you know when will be the right time to buy? While you can’t time the real estate market, remember that you don’t always have to buy real estate at the very lowest price to make money.
Quit Claim Deeds And Mortgage Loan Cosigners
Can a quit claim deed be used to remove a cosigner on a mortgage? No, quit claim deeds affect property ownership interest only. Quit claim deeds will not take away responsibility for mortgage loan debt.
