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Tax Help
HAMP: New Changes to Investor Income Valuation, Government reviews and has found clarity.
In an odd turn of events HAMPs guidelines have changed possibly this time for the better. Changes have recently taken place to help try and bring that 18% of successful workouts up a little and this time it’s including Investors. Now before you jump for joy they are not expanding this to include investor...
NEWS: Tax Incentives Extended: Thousands of Short Sales saved from Buyers dropping their offers!
Anyone riding the short sale pipeline may have seen many buyers getting antsy as we came to the end of the filing period for tax payers to cash in on those home buying incentives. Well many of those last-minute buyers can wipe the sweat off their brow along with saving a lot of short...
BAC Loan Servicing LP (Bank of America): Deficiencies… Now its on you!
Image via Wikipedia Foreclosure deficiencies are one thing… those are usually depending greatly on the type of loan you had prior to the home going to foreclosure but these days there are new laws waiting to be rewritten on the banks ability to pursue you have a homeowner. Well don’t expect any legislative back...
MLReport.com Presents: Premier Real Estate Forum
We here at Mortgage Lender Report (MLReport.com) due to the great response we have been receiving from the community have added an addition that we feel everyone will benefit from. We received hundreds of questions in our pursuit to keep the market up to date about the mortgage guidelines and problems that it seems...
National Unemployement rate hits 10.2% – 17.5% if you account for others.
The government recently reported that unemployment has hit another high from this foreclosure driven recession. The amount has topped out above 1 out of 5 people bringing the national average to 10.2 percent unemployment rate. It is going to take a lot to turn this problem around and this number does not include those...
Florida taxes on a month to month rental income at 6%.
Few investors know but in fairy recent legislative efforts in the state of Florida decided to add a tax to all short term rentals. Month to month leases and just about anything less than 6 months the owner must pay sale tax on any rent collected. That means the average investor forecast should take...
A Taxing Time of Year
Tips to Make Your Tax Season Go Smoothly It’s that time again…time to start gathering all of that dreaded documentation to send to good old Uncle Sam! Recent stats say the IRS audited approximately 1 out of every 97 returns last year, so it pays to be careful. And even though this may seem...