Foreclosures declined 10 percent in November compared with October, but were up nearly 68 percent compared with November 2006, according to RealtyTrac, a data company. This could indicate that foreclosure activity has topped out for the year, but the true test of whether this ceiling will hold will come at the beginning of next year [...]
Entries from December 31st, 2007
A New Tax Break to Some Homeowners
December 29th, 2007 · 7,141 Comments · Uncategorized
The new measure gives tax breaks to homeowners who have mortgage debt forgiven. Under the previous law, debt forgiven by a lender, such as short sales and refinances, was typically taxable to the borrower as debt discharge income. The Mortgage Forgiveness Debt Relief Act of 2007, states that a taxpayer does not have to pay [...]
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Hello world!
December 28th, 2007 · 6,140 Comments · Uncategorized
Welcome to WordPress.com. This is your first post. Edit or delete it and start blogging!
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