America Saves Week runs this week. More than 1,000 organizations have teamed up to promote the goal of saving. Seems a bit ironic this year with the...
One possibility to defer tax liability when selling a property is a 1031 tax exchange or a Starker exchange. A 1031 tax exchange involves buying a new property within 180 days. You should also have a knowledgeable real estate attorney that is familiar with 1031 exchanges.
This week on the Ilyce Glink show, Ilyce talked about the $270 million a Georgia couple won in the lottery. She offered a few pieces of advice, mostly centered around hiring the right kinds of help to manage a fortune like that. She took calls on debt, credit, tax, mortgages, and a sad call from Alan on a very short sale (he'll lose $400,000 if he sells today -- if he CAN sell). Click to listen to the show, or download the podcast from iTunes. Don't forget to check out Ilyce's website, www.thinkglink.com, and her forum at www.thinkglink.com/forum. And don't forget to stop by her new all-video site, www.expertrealestatetips.net.
In early 2008 foreclosures were increasing which furthered the housing market slowdown, but what are solutions that mortgage lenders are coming up with? Foreclosures are forcing private mortgage lenders to pay out millions of dollars. Mortgage lenders are trying to help homeowners who are currently or about to face foreclosure.
A couple wants to buy a foreclosed home but is unsure about how PMI figures in. PMI, or private mortgage insurance, reimburses lenders for the balance above 80 percent of the mortgage, if a home becomes a foreclosure.
Looking to become a landlord? Authors Robert Irwin and Robert Shemin offer a few good landlord books. If you want to become a landlord you may want to read these books.
If you own rental property and want to sell it to buy other property, you may want to consider a 1031 exchange. It allows you to not pay taxes because...
Ever seen one of those big, dark storm clouds over the horizon? It's gray and ominous. That's how the housing news seems lately. The U.S. Departments...
A seller is refusing to sign closing paperwork unless the home buyer gives her $3,000 outside of the deal. What the seller is proposing is blackmail and illegal. This home buyer should contact an attorney immediately to think about suing the seller for specific performance.
