Ask Stacy: Will I Have to Pay Taxes Because of a Foreclosed Home? – Yahoo Finance
The 2007 Mortgage Forgiveness Debt Relief Act, extended through the end of 2013, specifically excludes forgiven mortgage debt from income. At least, as long as it related to a primary residence, was less than $2 million for joint filers, and, as the IRS puts it, was “directly related to a decline in the home’s value […]
Taxpayer loses
If you have ever thought of disputing the tax assessed value of your house with the Assessor’s office then keep in mind that our ever friendly Legislature has stacked the deck against your average homeowner to ensure that successful challenges are very very rare. Below is a cautionary tale of a case decided early today by […]
Eviction cases jump in Spokane County
Unlawful detainer filings, which are the legal documents landlords can use in Washington state to evict tenants who have violated rental agreements, have jumped in Spokane County this year by 250 cases, or about one-fifth. Through the first 10 months of 2013, landlords filed about 1,440 unlawful detainer cases in Spokane County Superior Court, says […]
Nearly 50% Of All Home Sales Now Cash, As Institutional Investor Activity Hits New High – Forbes
Has the housing market really recovered when almost 50% of all home sales are now cash sales? Cash sales are from investors which means they are buying to flip the house as opposed to holding long-term. Tighter credit standards have driven many wanna be homeowners from the market. Saw an article yesterday that up to […]
Three U.S. Scientists Are Awarded Nobel Prize in Economics – NYTimes.com
3 US Economists just won the Nobel Prize in economics by finding that you (as an investor) have absolutely no chance of beating/timing the stock market – you are not that smart. (Talk about an understatement) In their words “Ordinary investors don’t stand much chance of beating the market. It moves way too fast and […]
Fannie Mae, Freddie Mac to go after more strategic defaulters – latimes.com
Fannie Mae, Freddie Mac to go after more strategic defaulters – latimes.com.
Completing a rental move out, without the headaches | Homes & Real Estate | The Seattle Times
Completing a rental move out, without the headaches | Homes & Real Estate | The Seattle Times.
6 Rules for Text Messaging Your Residents | Real Estate and Rental Marketing Blog for Professionals – Zillow Pro Blog
As the landlord myself I am a firm believer in using text messaging to contact one’s tenants. Provides you with a written documentation as to exactly what was said and also reflects the reality that most tenants rarely answer their voice messages and almost never respond to e-mail. Also works great to respond to prospective […]
Being a Wise Landlord
If you are involved in anyway with mortgage loan modifications keep in mind there are many organizations/government agencies looking to sue you and your company. Below is a class example I received earlier this morning. Most organizations use ‘testers’ who pose as a distressed homeowner seeking assistance. Same applies to the renting of residential […]