Highlights of 2008 Tax Law Changes: Tax Breaks Renewed, Recovery Rebate...
Source: Internal Revenue Service, IRS.govTue Jan 6, 2009 AMT exemptions rise; several expiring deductions and credits get a new lease on life; a new standard property tax deduction and a special...
View ArticleHow to Look Before You Leap?
I don’t have an answer for this rhetorical question, so this is more a buyer-refinancer beware comment : how to get an honest early on answer from your Lender as to whether your refinance is do-able...
View ArticleA Matter Of Trust … or is it ?
More a consumer warning, I digress a bit here on a topic indirectly related to home ownership … the matter of trust(s) …. (thank you Billy Joel). There are a goodly number of snake oil vendors...
View ArticleWells Fargo and BoA at least give lip service to working with HAMP
In the news : Wells Fargo joins Bank of America participating in a government program to modify second mortgages if the home owner has already modified their first mortgage. The program is part of the...
View ArticleI.R.S. view on tax trusts
Abusive Trust Tax Evasion Schemes Talking Points Trust/estate matters are the third highest area of growth among top CPA firms. Domestic trusts filed 3.6 million Form 1041 returns in 2003; the third...
View ArticleThe beatings will continue until morale improves!
“The U.S. Federal Reserve is tilting the playing field in favor of those attempting to get mortgages by keeping interest rates ultra-low. The Senate also has voted to tilt the playing field in their...
View ArticleShould A Borrower With An Underwater Mortgage Strategically Default?
By Evan Nemeroff at mortgageservicingnews.com Does a borrower whose mortgage is underwater have an obligation to continue paying their monthly loans if they have the ability to do so? The answer to...
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