Real estate blog entries tagged with housing market by Michael Haltman (Hallmark Abstract Service LLC)

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Home : Blogs : Michael Haltman : The Hallmark Abstract Sentinel : Tag "housing market"

housing market: The President is proposing a reduction in the mortgage interest deduction - 02/14/11 05:43 PM

While the title of the the article rhymes, the proposal is far from entertaining
On page 1 of the Fiscal Year 2012 Budget of the U.S. Government you can begin to read The Budget Message of the President. In the preamble he discusses the recession and the fact that due to fiscal realities we face hard choices.
On page 4 the President proposes a 30% cut in itemized deductions for high-income taxpayers to use to pay for a fix to the Alternative Minimum Tax. What this means is that the mortgage interest deduction is being targeted again in the … (0 comments)

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Michael Haltman

Jericho, NY

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Hallmark Abstract Service LLC

Address: 131 Jericho Turnpike, Suite 205, Jericho, NY, 11753

Office Phone: (516) 741-4723

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The Hallmark Abstract Sentinel is written for the purpose of keeping our clients and subscribers current on any issues that may have the potential to impact the real estate, mortgage or title insurance markets. Examples of these issues include the current foreclosure crisis and the potential that foreclosures already completed could be overturned due to a variety of legal issues.

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