advantage title: Free CE: 1031 Exchange & Investment Properties - 07/22/08 08:19 PM
The Professional Development Institute presents:
Free Continuing Education on 1031 Exchanges Made Simple (3 Free Credit Hours)
Learn all of the fundamentals and guidelines in 1031 Tax Deferred Exchange; Time lines, restrictions, and how to manage your clients engaged in a 1031 transaction.
Taught by Chris Breck of
Date: Tuesday … (2 comments)
advantage title: Recording Changes - Prince George's County - 06/10/08 08:17 AM
The Prince George's County Office of Finance has issued a notice increasing the State Recordation Tax Rate from $2.20 per $500 to $2.50 per $500 on documents executed after July 5th 2008. Documents executed prior to July 5th will be accepted at the previous rate of $2.20 per $500 until August … (0 comments)
advantage title: Important Info For Out-of-state Sellers - 05/27/08 11:40 AM
Please be advised that recent changes to the top margin State income tax rate for individuals have the effect of increasing the withholding required for sales of property by nonresident individuals.
Effective July 1st 2008, withholding for nonresident individuals has been increased from 6.75% to 7.5% in the state of Maryland. … (1 comments)
advantage title: New Laws - Maryland Emergency Legislation - 04/28/08 10:00 AM
I recently attended a Maryland Association of Mortgage Brokers Town Hall Meeting to review new laws affecting those of us in the mortgage business. These three bills are considered Emergency Legislation and will take effect in Maryland very soon. SB216 alters the recordation requirements for Mortgages/ Deeds of Trust to include … (3 comments)
advantage title: Bush says " No Way" to FHA - 04/01/08 09:00 AM
Bush Vetoes Changes to FHA Guidelines, April 1 2008 Despite the potential relief for thousands of home owners, President Bush announced yesterday that they will not make changes to the current FHA guidelines. He sited many reasons including an "over correction" of the Housing Market that will create another build and bust … (9 comments)
advantage title: Free Tax Advice for the Real Estate Professional - 03/26/08 11:19 AM
Did you know you can write-off your cable bill? Do you know a trick that can allow you to write-off 100% of the gifts you give your clients? Does your spouse need new eye glasses (because you can write that off too!!)? It is tax time again as the IRS 2008 deadline is quickly … (0 comments)
advantage title: Simplified Disclosures... Problem Solved? - 03/17/08 08:11 AM
HUD released a new RESPA reform proposal which includes a standardized Good Faith Estimate. Technically this is an old reform proposal as they attempted the introduction of the 3-page GFE in 2002, but where met with heavy resistance. They estimate this could save borrowers an average of $668 at settlement or $8.35 billion … (2 comments)
advantage title: 5 Things You Need To Know About 1031 Exchanges And Your Second Home - 03/05/08 08:29 PM
1031 Exchange - Sail your Second Home in a Safe Harbor Effective March 10th the IRS is now allowing Second Homes to qualify for a Section 1031 tax-free exchange; even if you take pleasure in personal use of the property. The IRS is clear in that buying a second home in the … (0 comments)
advantage title: Nehemiah Wins! Downpayment Assistance To Continue - 03/04/08 07:36 AM
Here is a letter sent out Monday March 3 by Scott Syphax, President & CEO of Nehemiah Corporation of America: Dear Colleague, I am pleased to announce that Nehemiah was victorious in its litigation against HUD! Judge Lawrence K. Karlton of the United States District Court for the Eastern District of California upheld Nehemiah's motion … (0 comments)
advantage title: Housing Relief Bill - HR 3609 Blocked! - 03/03/08 11:20 AM
A follow up to last weeks post: HR 3609 - 5 Things You Need To Know About The Senate's Mortgage Fix Senate Republicans blocked consideration of HR 3609. The bill is designed to help the struggling housing industry but contains provisions that are perceived to hurt lenders and further provoke the current … (0 comments)
advantage title: HR 3609 - 5 Things You Need To Know About The Senate's mortgage Fix - 02/26/08 11:31 AM
HR 3609 - 5 Things You Need To Know About The Senate's mortgage Fix 1) Proposes a revision to the U.S. Bankruptcy Code that would allow judges to lower interest rates and reduce the balance on troubled borrower's mortgages. 2) Mandates $200 million towards foreclosure-prevention counseling (Doubling current funding). 3) Allows states to issue more … (2 comments)
advantage title: Free CE: 1031 Exchange Made Simple - 02/20/08 09:36 AM
The Professional Development Institute presents: Free Continuing Education on 1031 Exchanges Made Simple (3 Free Credit Hours) Learn all of the fundamentals and guidelines in 1031 Tax Deferred Exchange; Time lines, restrictions, and how to manage your clients engaged in a 1031 transaction. Taught by Chris Breck of Date: Thursday March 6th, 2008 Time: 2:00pm … (1 comments)
advantage title: Project Lifeline: A Few Feet Short - 02/19/08 08:54 AM
The big news last week was the Treasury department and HUD introducing the New Hope Alliance and Project Lifeline. Project Lifeline extends the foreclosure process by 30 days for those that are seriously delinquent. The New Hope Alliance is comprised of the 6 biggest banks in the country which service approximately … (6 comments)
advantage title: Social Hour, VAMB - NOVA Chapter - 02/18/08 08:40 PM
On behalf of the VAMB NOVA Chapter I would like to invite you to a Social Hour at (8332 Leesburg Pike) Thursday February 21st, 2008. 6:00 PM - 8:00 PM Appetizers and the first round are on me! Come meet your colleges from the Northern Virginia, Maryland, and D.C. Metropolitan area. That is if you … (2 comments)
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