#1 Deducting porperty taxes for the wrong year Often, your tax bill will not be dated from January to January the next year. To the IRS, this is irrelevant. Enter the amount of money you actually paid during the current … Continue reading
Like so many things tax related, form 5695 may seem overly complicated to many. We have located some helpful information and sources for those doing it themselves. Even if your accountant does your taxes, you have to know what they … Continue reading
Tax Benefits Just about everyone has heard that there are tax benefits to owning your own home. Just what are these benefits? Do they apply to everyone? One of the major tax advantages of owning is the ability to write … Continue reading
MDA DataQuick Information Systems reported that for the fourth quarter of 2010 the number of California’s completed foreclosures dropped sharply, both from last month’s numbers and from figures of 2009. Even better news is that the number of NODs (Notice of … Continue reading
According to the California Association of Realtors® (CAR®) we hit a 7 month high in December. This is an increase of 5.9% over November’s adjusted figures, but down 6.8% from last year’s December report. The unsold inventory also declined to 5 months in … Continue reading
It’s the “Catch-22” syndrome. One of the big things to help the economy is to sell more homes. In order to sell more homes we need better credit. In order to loosen credit we need a better economy. According to … Continue reading
Being the trendsetters we are, California leads the nation in foreclosure filings, even as the nation sets a new record! A report released recently by Realty Trac put the number for California at 546,669 and 2.9 million for the nation. And … Continue reading
Shortening the Short Sale In today’s market, bank owned and short sale properties are the norm rather than an exception. Understanding them can do more than just make them more tolerable. It can actually lead to a faster and more … Continue reading
As interest rates climb, many borrowers are being reacquainted with the “rate lock”. This is a procedure that freezes your interest rate while the loan is being processed. Getting that rate fixed can be the difference of affording the home … Continue reading
Many people became first time home-owners encouraged by the First Time Buyer’s Tax Credit. That was great, for them and the market and economy in general. Now tax time is here and they need to collect but unfortunately there is … Continue reading