To answer this question, first you have to ask yourself several more. The first question is, can you afford to pay your grandchildren’s college tuition? If not, that’s the end of the discussion. Being able to afford it is not just a matter of having enough money on hand right now. It’s also important to [...]
*Are The Realtors Wrong? on the Ilyce Glink Show February 20, 2011 * CoreLogic released its latest report this week. And the numbers seem to tell quite a different story from the one we've been hearing from the Realtors. CoreLogic says it home sales and home inventory numbers were very similar to the Realtors until 2006, when they began to diverge. One wonders whether the Realtors' surveys are purposefully undercounting negative news and overcounting what passes for "positive news these days. Could the Realtors be wrong about what's going on in the housing market? And, if so, what does that really say about the state of housing in the US right now? Get more information and links at Ilyce's blog.
On my show this morning, I talked about how next week is going to be a show with our regular tax experts. I advised listeners to get their tax questions ready to go. Here's the first tax question I received. I hope it will spark an interesting discussion online this week, in advance of the show. While I was really asking you to come up with your personal tax questions (like about deductions for rental property), I'm happy to throw this out there.
Are The Realtors Wrong? CoreLogic released its latest report this week. And the numbers seem to tell quite a different story from the one we've been hearing from the Realtors. CoreLogic says it home sales and home inventory numbers were very similar to the Realtors until 2006, when they began to diverge. One wonders whether the Realtors' surveys are purposefully undercounting negative news and overcounting what passes for "positive news these days. Could the Realtors be wrong about what's going on in the housing market? And, if so, what does that really say about the state of housing in the US right now?
Joint property ownership multiple partners share responsibility for property taxes. Multiple owners of joint property ownership share responsibility for property taxes on jointly owned property. Homeowners in property tax dispute over joint property ownership should consult with a real estate attorney over joint property ownership responsibility for property taxes. Responsibility for real estate taxes and property taxes on joint property ownership shared between real estate property owners.
Homeowners, is now the time to buy a house with low interest rates and 20 percent down payment? Should you buy a bigger home? Current real estate market is a buyer's market, now is the time to buy a house with low interest rates and 20 percent down payment for some homeowners. Low interest rates and 20 percent down payments mean now is the time to buy a house for some homeowners looking to buy a house with low interest rates and 20 percent down payment. Is now the time to buy a house for homeowners?
Capital gains tax primary residency exemption for married homeowners filing jointly. Married homeowners filing jointly should be aware of capital gains tax primary residence exemption before filing taxes April 18. Married homeowners selling their primary residence may be eligible for capital gains tax primary residence exemption for married homeowners filing jointly. IRS Publication 523 includes capital gains tax primary residence exemption for married home sellers filing jointly who sold their primary residence.
Capital gains tax complicated for married couples selling second home and third home. Profit off home sale of secondary residences complicates capital gains tax rules for married couple. Capital gains tax for married couples complicates home sale of secondary property. Married couples can exclude $500,000 of profit from sale of primary residence from federal income taxes if homeowners have lived in primary residence two out of the last five years.
Reset loan may help homeowner with underwater mortgage for homeowner not approved for the FHA underwater mortgage program. Underwater homeowner not approved for Obama's underwater mortgage plan may reset loan. Options for homeowners rejected from Obama's underwater mortgage program include resetting a mortgage loan. Homeowners not eligible for the Making Home Affordable (HAMP) program may have option to reset loan to help underwater mortgage. Reset mortgage loan may help homeowner with underwater mortgage loan.
Homeowners can refinance a home equity line of credit. Can you refinance a HELOC and low balance mortgage? Two mortgages can mean double home equity line of credit. Low interest rates can make refinance of home equity line of credit attractive, homeowners must consider closing costs of home mortgage refinance before refinancing a home equity line of credit. Savings low on home equity line of credit refinance for homeowner with low balance remaining on mortgage loan. Can you refinance a home equity line of credit or combine a home equity line of credit and mortgage loan?
