Every year in January, we send all of our clients out a copy of their HUD statement. We do this so they don't have to go digging for those closing statements and to remind them to share the information with their accountants to see if anything is deductable.
Actually here is the system we use:
- After the closing we make a copy of the HUD
- We address the envelope with their address on it
- We put it in a file
- Then in January we attach a letter, thanking them for their business and include it.
- It is a way to provide "after the sale" service
- We get a great response from it
Here is copy of my Yearly HUD letter, you can use it or modify it. (Colleen is my assistant so that's her name, not violating any privacy)
December 30, 2008
Colleen Bean
1372 Armstrong Dr.
Chelsea, MI 48118
Dear Colleen Bean,
It is the start of exciting New Year with low rates, big selections, and good prices but before I get started working with new buyers and sellers, I wanted to say thank you again for letting me help you with your move last year. It is a pleasure working with you and hope you are enjoying your new home. Soon, you will be preparing your Income Tax Return for last year. You will need a copy of your home's closing statement to make some of the calculations. These statements sometimes get mixed up with the other important papers that go in a safety deposit box and this copy might save you some time and effort.
You are probably aware that interest on the qualifying mortgage and property taxes paid on the home are tax deductible. However, sometimes other legitimate expenses are overlooked. Points paid to secure the mortgage whether paid by the buyer or by the seller on behalf of the buyer are generally accepted as interest and deductible.
Interest to the end of the month shown on the closing statement is qualified interest and it may not show on the year end statement supplied by the lender. A prepayment penalty to retire a mortgage or unamortized points not previously deducted may be deducted on the return in the year they were paid.
It is helpful to know what things to supply your accountant so that all legitimate deductions may be taken. If you have a question about any of these, you should rely on the counsel of your tax professional.
If you have friends who are talking about moving, please tell them about The Missy Caulk TEAM. Referrals are important to my business plan. Thanks and let me know if there is anything I can do for you.
Sincerely,
Missy Caulk and TEAM®
(Christa, Betty, Pattie, Terry, and Judy)
Keller Williams
(734)821-0757
(734)216-2822
Missy@MissyCaulk.com
Comments(62)