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education: Conspiracy of the Rich - 02/05/09 05:00 PM
In a departure from most highly regarded authors, Robert Kiyosaki, has a new book that he is creating on-line. You are invited to participate in the development by commenting through links provided in the process. So far the initial Introduction to the book and Chapter One are available for anyone to read for free. More chapters will be added over time until the entire twelve chapters, plus the Afterword are finished and posted.
You can read and comment on this project in process at Conspiracy of the Rich.com
Already there are thousands of posts to just the first two sections of information. … (0 comments)
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education: How You Can Manage Your Risks Under "HERA" - 01/05/09 01:27 PM
The Mortgage Bankers Association provides a useful "Housing and Economic Recovery Act of 2008" (HERA) Resource Center.
"As you know, on Wednesday, July 30, 2008, President George W. Bush signed major housing legislation, Public Law 110-289, the "Housing and Economic Recovery Act of 2008 (HERA)."
HERA includes reform of government sponsored enterprise (GSE) regulation that will dynamically affect FNMA and FHLMC, and modernization of the Federal Housing Administration (FHA). These are, of course, the essential sources of most of the home mortgage financing in America. Unless you only deal with all cash buyers, you need to be up to date on … (0 comments)
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education: Planning for your taxes after the short sale - 12/04/08 05:59 PM
What taxes you ask? Wasn't there a law passed to eliminate tax on the debt reduction from a short sale?
Well, yes, but ... (a pretty standard answer from government "benefits" as you know)
If the home is a primary residence, and if you have no more than $2,000,000 in this type of "income", and if the loan qualifies, and if you did not retain the property through a loan modification, then maybe you can get this benefit eliminated.
This is not a do it yourself project either. You need to review your situation with a qualified tax professional.
There are … (0 comments)
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Bruce Forge
Irvine,
CA
More about me…
iNET Realty, Inc.
Address: 2450 Dupnt Dr, Irvine, CA, 92612
Office Phone: (714) 376-4488
Cell Phone: (714) 376-4488
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