homeownership: Home Inventory - 06/17/11 03:37 AM
Recently, a homeowner had a burglary and part of the insurance claim was denied because they didn't have proof of purchase or a current inventory of their personal belongings.  This is something that could happen to anyone.  Even if you had an inventory but it was several years old, it could cost you money.
Some homeowners who have placed an insurance claim for losses say that they realized something was missing months after they had filed.  The inventory can actually serve as a guide to make sure you get compensated for all of your loss.
The best proof of purchase is … (0 comments)

homeownership: The Difference a Day Makes - 06/16/11 08:30 AM
A man was selling a property which was currently rented but had previously been his home for over two years.  After discovering it had been rented for the last 2.5 years, it was asked if he had planned on taking the principal residences capital gain exclusion.  He said he hoped it would be possible.

When asked if he was aware of the requirement that he must have owned and used the home for two out of the last five years (730 days), he said he knew about it but wasn't sure what it meant.  "In this case, it means the … (0 comments)

Jack Gillis, M.B.A., J.D., LL.M. Dallas, Texas 214.718.4910, Locally Known, Globally Connected, COLDWELL BANKER (Coldwell Banker Apex, Realtors)

Jack Gillis, M.B.A., J.D., LL.M. Dallas, Texas 214.718.4910

Locally Known, Globally Connected, COLDWELL BANKER

Dallas, TX

More about me…

Coldwell Banker Apex, Realtors

Address: 18800 Preston Road, Suite 312, Dallas, TX, 75252

Office: (214) 237-4500

Mobile: (214) 718-4910

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