foreclosures: Home owners win two important tax benefits in the fiscal cliff deal
- 01/04/13 08:53 PM
The fiscal cliff deal Congress passed this week lets home owners keep the tax deduction for private mortgage insurance payments. It also says troubled home owners won’t owe income tax on amounts forgiven during a mortgage workout or foreclosure. PMI is what you pay your lender each month if you put down less than 20% on a home, which protects the lender if you default on the home loan. Without mortgage cancellation relief, home owners who have a portion of their mortgage forgiven as part of a workout plan, short sale, or foreclosure would have to pay income tax on the forgiven amount. This will keep the … (1 comments)
foreclosures: Stink Bug Invasion! It’s as Bad as You Think
- 09/27/12 12:27 AM
Stink bugs are coming (again)! In fact, they’re already here, and the government is searching for ways to wipe out the little stinkers. An army of stink bugs has marched into 38 states, and the federal government is scrambling to find ammunition to take them down. Brown marmorated stink bugs, a Chinese import, are invading homes, orchards, and vineyards; eating fruit, buzzing overhead, and staying warm until they can emerge and lay eggs in spring. If last year’s stink bug invasion wasn’t bad enough, this fall’s invasion is the second one this year — which presages an even bigger onslaught … (4 comments)
foreclosures: Do you have questions about today’s real estate market?
- 05/15/12 11:27 PM
Questions like… Do I need 20% down to avoid PMI? How long do I have to wait after a short sale or foreclosure? Do I need perfect credit? When does the market hit bottom? Where is the best place to buy? How much will I save? How much are closing costs and fees? What is the current rate? We have answers! Come to our FREE networking meeting about how to make the money you spend in rent WORK for you! Find out more about today’s real estate market, investment opportunities and the true cost of not being a home … (0 comments)
foreclosures: 10 Million Underwater Homes…video blog on a possible solution?
- 02/16/12 01:33 AM
My recent addiction to this video blog is becoming a solid part of my morning routine. From the just the title of their blog “Think Big Work Small” to this quick report on a possible solution to the current housing market crisis proposed by Senator Menendez. Excellent way to keep up on things without having to read the entire proposal…and I love their comment at the end that even if this isn’t a perfect solution…it’s better than the road we’re on now!
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foreclosures: Another take on the big mortgage settlement…
- 02/11/12 02:06 AM
These guys are great and in this video they recap an excellent way to qualify for a VA Loan if you’re currently unmarried and a real person’s look at the robo-bot settlement with the major banks.
I want to circulate this video interview on Fox and Friends that featured Alex Charfen because as I was watching it, I realized it is a very complete 5 minute overview of the housing market today. This is some great information for buyers, sellers, investors and realtors. I have recapped his main points in case you don’t have the time to watch the video. Video link: video blog post Main points: Tip #1: This is PRIME time for home buyers and investors: Alex points out that we are at record or near-record low interest rates and property values have … (2 comments)
foreclosures: Will Housing Market Benefit from Good News Out of Black Friday Chaos?
- 12/02/11 12:14 AM
While shoppers were trampling each other to get the season’s hottest stuff, a glimmer of hope emerged for the economy. Does it have legs? A woman pepper-spraying her fellow shoppers to better her chances of getting an Xbox. A crowd of people stepping over the body of a heart attack victim, worrying less about his fate and more about their Christmas purchases. Violence, mayhem, and chaos seemed to be the stories making headlines on Black Friday. Despite this bad behavior, the traditional first day of holiday shopping was a big success for the nation’s retailers, and a sign of life … (1 comments)
foreclosures: Where did the whales go?
- 11/10/11 10:59 AM
Where did the whales go today? Fred and Ethel are a pair of whales that one lucky member of BNI group get to carry with them for a week in between our meetings. BNI is largest business networking organization in the world and I would be happy to chat with you about if you are interested in finding our more. BUT…back to the whales…the whales are awarded to the BNI member with the best 50 second commercial and I won them this week! I thought it would be fun to see where the whales go for a week… Here we are … (2 comments)
foreclosures: Home resales jump 10% in September
- 10/26/10 12:14 AM
Because I am the eternal optimist...I have to share this blog from msnrealestate. Wall Street Journal online also has a similar post. I am hoping that the second headline about the rising foreclosures only prompts more buyers into the market to take advantage of what is an amazing time to purchase a home. If you already have a home...buy a second one. Got two? Buy a third. It will be worth it! I can go over that in detail with you. Home resales jump 10% in September But this month's foreclosure delays could erase all signs that a recovery had begun. Posted by Mai … (0 comments)
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