The dismal economic situation has caused many employees to take pay cuts and reductions of hours. In fact, 55 percent of all adults in the labor force say that they have suffered a a cut in pay, a reduction in hours or have involuntarily become part-time workers. Before the economy can recover, the job situation must improve.
In an undivided interest, where people act as co-owners of a real estate property, all owners must pay their property taxes. If even some real estate co-owner do not pay their property taxes, the entire property may be seized. It is always important as a co-owner to have all the property taxes paid on your real estate and to have general knowledge of the laws regarding your property.
If you own a condo, you always have to make sure that your condo association board is attending to its responsibilities. If owner vigilance starts to wane, the condo board president or the condo board members could start to take advantage of the unit owners. The condo association board could terminate full transparency of financial transactions, overspend on special projects, and even require that they be payed a salary if condo owners are not aware.
Ilyce Glink Show Notes - July 11, 2010 - How To Profit From Foreclosures and Other Real Estate Investments. Our next event is October 2, 2010. We're deciding this week on the location. Would you prefer the Marriott on Winward Parkway in Alpharetta or the Renaissance Waverly at Cobb Galleria? Leave a comment and let us know! Also on today's show: How to find a great attorney. And, what about those annuities?
When selling a home, you may be required by law to disclose some important information about the real estate before completing the transaction. If you are unsure on whether you need to disclose a piece of information, research the subject or contact a real estate attorney.
Ilyce Glink Show Notes - July 4, 2010 - Mortgages, Stocks, Unemployment. Mike Rose from Wells Fargo took calls and gave us the update on refinancing your mortgage. Information on Financial Planners from the How to Invest Your Money in 2010 event. How to Invest Your Money ebook series and How to Invest in Real Estate ebook series available from the ThinkGlink Store. FREE Books.
When giving real estate as a gift, it is always good to know the IRS tax laws that come with it. If everything isn't declared properly, it could lead to tax ramifications down the line. If this happens, the gift could be far more trouble than it's worth.
A quit claim deed transfers ownership of a house over to a specific person or group of people. If you feel that someone has filed a quit claim deed for illicit purposes, it is best to contact a lawyer to see what your options are.
If you missed the home buyer tax credit 2010 deadlines, you may not have missed out on much. Since home buyer interest has plummeted by around half, sellers, states, and real estate companies are offering cash incentives in order to generate new interest in the real estate market. Now, home buyers around the country can reap all the benefits of the home buyer tax credit, and have the advantages of lower real estate prices. Read on to find out more about the great deals in real estate.
If stuck in a situation where you have a mortgage on a real estate property that is worth less than the mortgage, it can be very difficult to figure out a way to pay back the lender. Your best option is to contact a real estate attorney about your mortgage and have him or her advise you on your next move. Managing underwater real estate and mortgages such as these can be very difficult, and you have to be prepared for the possibility that you may take a financial loss.
