Monday, January 28, 2013
4 reasons your home isn't selling | Inman News
Good things to think about whether you home is already listed or you are preparing to sell?
4 reasons your home isn't selling | Inman News
Tuesday, January 15, 2013
Reinvesting Through 1031 Exchanges
There are many situations where a 1031 exchange makes good economic sense (such as sale of rental property or other business), and with the help of experts can be a smooth and profitable way to transfer property. See a short video to see a thumbnail sketch on the process.
Short Course | First American Exchange Company
Contact me for more information!
Tuesday, January 8, 2013
Home Owner Relief Program
Having a hard time making your mortgage payments? Before you give up on your home,
call 1-855-457-4638.
If they can't help you keep your home, give me a call (775) 934-9604 and we can discuss listing it to sell, either as a traditional sales transaction or as a short sale. Never give up hope and just throw in the towel- you have options!
Fiscal Cliff: Mortgage Debt Tax Relief Extended
Home owners, one thing to thank Congress for!
Mortgage Debt Tax Relief Extended
Below is the synopsis which I copied from Guild Mortgage lender Annette Hunt:
Last week's deal to avert the fiscal cliff left housing a winner on most issues.
First, they extended mortgage forgiveness debt relief through 2013. If they hadn't done this, principal balances written off by lenders to help homeowners with underwater mortgages would have been treated as ordinary taxable income.
The bill also re-established the deduction for mortgage insurance premiums for 2012 and 2013 for people with adjusted gross income below $110,000.
In addition, the compromise offers tax credits to homeowners making energy-efficient home improvements in 2012 and 2013. Builders get a tax credit on new homes constructed in 2012 and 2013 that meet federal energy standards. U.S. manufacturers of energy efficient appliances also earn tax credits.
Best of all, tax deductions for mortgage interest and property taxes were left untouched, but that battle isn't over, since the politicians will soon be reforming the tax code.
Always consult a tax professional for definitive answers on all these issues.
Mortgage Debt Tax Relief Extended
Below is the synopsis which I copied from Guild Mortgage lender Annette Hunt:
Last week's deal to avert the fiscal cliff left housing a winner on most issues.
First, they extended mortgage forgiveness debt relief through 2013. If they hadn't done this, principal balances written off by lenders to help homeowners with underwater mortgages would have been treated as ordinary taxable income.
The bill also re-established the deduction for mortgage insurance premiums for 2012 and 2013 for people with adjusted gross income below $110,000.
In addition, the compromise offers tax credits to homeowners making energy-efficient home improvements in 2012 and 2013. Builders get a tax credit on new homes constructed in 2012 and 2013 that meet federal energy standards. U.S. manufacturers of energy efficient appliances also earn tax credits.
Best of all, tax deductions for mortgage interest and property taxes were left untouched, but that battle isn't over, since the politicians will soon be reforming the tax code.
Always consult a tax professional for definitive answers on all these issues.
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