admin | November 30, 2009
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The IRS made changes to the tax that will affect 2007 tax returns if the investor claims a loss. In addition, just reporting a loss may cause your taxes to be audited.
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admin | October 30, 2009
Image via WikipediaDid you know that the $8000 tax credit expires 11/30/2009? That means there are only 131 shopping days remaining. The reason the number of days is significant is that the buyer do not have to pay the $8000 tax credit back to the government as long as the buyer resides in the home for [...]
admin | September 21, 2009
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On or before May 10 of the year that you feel that you received an unfair tax assessment, you will need to file a written appeal.
Once the assessor gets notice that a property owner would like to have their property tax re-assessment, the assessor must forward the [...]
admin | September 2, 2009
The towns of Schererville, Hammond, Crown Point, Cedar Lake, and St. John have pledged to buy American products when possible.
If you are a resident of any of the towns above pat your town officials on the back in their effort in recognizing the plight of the residents by supporting the jobs that the residents are [...]
admin | January 29, 2009
There is a Formula to Whether Your Short Sale will be Approved
I have fifteen short sales that I am working on of those fifteen all of the lenders are stating that they need to net a certain amount. I was beginning to think this was an isolated case until I came across the article at [...]
admin | January 29, 2009
There was a great post at www.whataboutloans.com on the advantages of a land trust. The post goes on to list advantages to the land trust to include:
ease of control
ease of transfer
privacy of ownership
The article further defines the parties that own and use the trust and their roles in the transaction of a trust in relation [...]
admin | January 29, 2009
Changes to Fannie Mae’s Financing Criteria Affect Investors
Recent changes to Fannie Mae’s financing criteria have created a need for investors to reconsider how they take ownership of their new investor property. Those changes are affecting investors who finance the property in their portfolio and have those properties under the entity, limited liability corporation (LLC).
Freddie [...]
admin | January 2, 2009
For the state of Indiana, I would have to say that is a resounding, NO.
For the state of Illinois, I found the answer to be YES.
I found it interesting that the housing crisis is affecting all fifty states, but until recently only fourteen states have made legislative and program changes to help homeowners in their [...]
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