Mortgage insurance tax deduction extended
Effective January 1, 2008, the “Mortgage Forgiveness Debt Relief Act of 2007,” says, for those eligible, no taxes will be owed on any mortgage debt on a principal residence that is forgiven or written...
View Article12 tax breaks, on the house
Your home is more than just a shelter from the elements. It’s also a tax shelter — about a dozen times over. Here’s an introduction to the 12 most common federal tax breaks — new and old — you are ...
View ArticleNew tax breaks, on the house
Talk about tax shelters. When it comes to paying your dues in Club America, your home likely provides the best discount going. Your home offers more tax relief than any other acquisition, thanks, in...
View ArticleShort sale, foreclosure, other debt forgiveness beyond 2012 could cost you...
It may not be the end of the world, but in 2012, when the Mortgage Debt Relief Act (MDRA) of 2007 expires, it will end one of the greatest money savers available to distressed homeowners. MDRA is a...
View ArticleObama budget proposes Mortgage Debt Relief Act extension
The Mortgage Debt Relief Act (MDRA) of 2007 is getting a vote of confidence from the Obama Administration. The administration's 2013 national budget proposal includes a provision to extend MDRA through...
View ArticleInvestors fueling housing recovery, first-time buyers back off
More cash rich investors, with a growing penchant for short sales, are energizing the housing market. All-cash sales rose to 33 percent of transactions in February from 31 percent in January; they were...
View ArticleSite to See | Infographic: When is walking away from your mortgage right for...
Homeowners commit "strategic default" for a host of reasons, some good, some bad. Here's an infographic and more information on what it can cost and how it can benefit you to lose what's likely your...
View ArticleCongress to consider extending Mortgage Debt Relief Act, renewing mortgage...
Congress is about to consider extending the Mortgage Forgiveness Debt Relief Act before it expires this year and when it does it will also consider retroactively renewing the mortgage insurance tax...
View ArticleSenate fiscal cliff bill retains mortgage cancellation relief, home-related...
The U.S. Senate's fiscal cliff vote protects most home-related tax benefits and extends other temporary mortgage relief measures, but the U.S. House of Representatives is playing spoiler, claiming the...
View ArticleCongress passes fiscal cliff bill with mortgage debt forgiveness tax relief,...
The U.S House of Representatives followed the U.S. Senate vote, passing the fiscal cliff bill as drafted by the Senate, the process, legislators kicked the deficit can down the road for another two...
View ArticleCalifornia Realtors push for state-level mortgage debt forgiveness tax relief
The California Association of Realtors (CAR) is lobbying to reinstall California's expired mortgage debt forgiveness tax relief, which expired Dec. 31, along with the federal version.
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