Plan Ahead for Next Year’s Taxes with Green Tax Credits – Part 1 By James Freeman, Cambridge Capital Partners Proactive Tax Planning Through Green Tax Credits Paying taxes. Just the thought of writing that check to the IRS tends to make the average American see red. However, I am shocked every year at the unfathomable [...]
Robert Bridges, a professor of clinical finance and business economics at the University of Southern California's Marshall School of Business, published an opinion piece in the Wall Street Journal last week, in which he argued that "Today's young people would be foolish to imitate their parents and view [home] ownership as the cornerstone of personal [...]
When Weather Affects the Economy on the Ilyce Glink Show July 17, 2011: We are in the dog days of summer and I'm not sure what the situation is in your area, but we have had a series of crazy summer storms in the Midwest this year. Earlier this week, Chicagoland experienced hurricane-category winds of [...]
Q: I recently terminated a listing agreement with a real estate sales office. One week after terminating, they presented me with a contract from a buyer to buy my home. How long do I have to wait before I can do a for-sale-by-owner without having to pay a commission to that agency? A: The answer [...]
Q: Last summer we refinanced our farm home. Line 103 of the settlement statement indicated that we had settlement charges of about $4,000. A month or so later, we listed the property for sale and it closed at the end of last year. Our question is can we claim the $4,000 on our income tax [...]
In 2010, the official unemployment rate stood at around 10 percent, and there were 5 people looking for every job that was available. Last August, the Treasury Department announced that unemployed homeowners could get a 3-month forbearance on their mortgage payments while they looked for a job. Unfortunately, the program, called the Home Affordable Unemployment [...]
Q: I had a partnership with another guy for 30 years with a buy and sell agreement and with a right of first refusal. We owned a building with several stores. His wife received the rents and paid the bills. I had the security money and did the books. At one point in time he [...]
The Cube Project: What Would You Give Up To Live In A Tiny House? Ilyce Glink Who among us has never looked at their overstuffed closet in despair? If you feel like you are constantly running out of storage room in your home, check out the Cube Project and imagine your life on a smaller, [...]
When the housing bubble burst in 2008, cities like Miami, Las Vegas, Phoenix and Detroit gained immediate notoriety for the huge downturn their real estate markets experienced. During the boom these markets experienced huge growth and skyrocketing home prices, and when those prices fell, they came down hard. The Great Recession is by no means [...]
Pools and Hot Tubs: What Kind of Homeowners Insurance Do You Need? Linda Rey Have you ever heard the term “attractive nuisance”? It sounds like an oxymoron, and it is definitely one of those insurance terms that seems to not make a lot of sense, but it covers a very serious issue. The attractive nuisance [...]
