Monthly Archives: February 2008
Stocks Fall On More Bad News
U.S. and European stocks fell today after bad news from financial services companies and the National Association of Purchasing Management in Chicago …
Retirement Home
What should you do if you’ve bought a retirement home but haven’t yet sold your current home? If you don’t sell the home, you could be forced into foreclosure if you can’t pay both mortgages. You may need to ask your mortgage lender to allow a short sale as full payment.
Don’t Forget These Tax Deductions
Here’s a list of deductions that people may overlook when filing their taxes:
Out-of-pocket expenses relating to charitable activities, including the…
Property Transfers Into Revocable Living Trust
If you want to transfer property in to a revocable living trust – can you do so without a lawyer? Because it can be a complicated process and an error with the title could cause future problems, you should pay an attorney to do it. Or you can go to a title company for help.
How to Pick the Right Tax Preparer
More than half of the 120 million U.S. taxpayers hired a tax preparer last year, according to the Chicago Better Business Bureau. And not all of them …
Become Landlord Or Sell Home After Quit Claim Deed?
When you get a home via a quit claim deed and then have to move out of state for work you’re faced with a decision. Should you sell the home you received through a quit claim deed or should you try to keep it as a rental property? The decision to be come a landlord or to sell a home depends on whether you have enough money to maintain the home or feel that you can find a good tenant. You should also take tax considerations into account.
Sheriff’s Sale Looms Over Home Purchase
A home buyer purchases a home that’s set to be sold in a sheriff’s sale. The timing of the home purchase and the sheriff’s sale conflict. The home buyer wonders if there’s a way to save the home from the sheriff’s sale.
News Flash: It’s Time to Save
America Saves Week runs this week. More than 1,000 organizations have teamed up to promote the goal of saving.
Seems a bit ironic this year with the…
1031 Exchange for Tax Liabilities
One possibility to defer tax liability when selling a property is a 1031 tax exchange or a Starker exchange. A 1031 tax exchange involves buying a new property within 180 days. You should also have a knowledgeable real estate attorney that is familiar with 1031 exchanges.
Foreclosures On Rise And Mortgage Lenders’ Solution
In early 2008 foreclosures were increasing which furthered the housing market slowdown, but what are solutions that mortgage lenders are coming up with? Foreclosures are forcing private mortgage lenders to pay out millions of dollars. Mortgage lenders are trying to help homeowners who are currently or about to face foreclosure.
