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Archive for January 2008

Mortgage Cancellation - Legislative History

Posted by Clay on January 31st, 2008

Mortgage Debt Cancellation Relief - H.R. 3648 - Public Law 110-142: General Information and Provisions

Individuals who are relieved of their obligation to pay some portion of a mortgage debt on a principal residence between January 1, 2007 and December 31, 2009 will not be required to pay income tax on any amount that is forgiven.

You can read more on Realtor.org

FHA Secure

Posted by Clay on January 28th, 2008

Having trouble with your mortgage?

FHASecure is a refinancing option that gives credit-worthy homeowners, who were making timely mortgage payments before their loans reset but are now in default, a second chance with a FHA insured loan product. This program could help you stay in your home.

Follow this link to learn more and check if you qualify.

National Do Not Call Registry

Posted by Clay on January 26th, 2008

Are you tired of all those telemarketing calls at all hours of the day and right at supper time?

Well here is were you can register your phone number to be taken off of those pesky lists: National Do Not Call Registry

Sweet 3 BR Family Home in Imperial Beach, CA

Posted by Clay on January 24th, 2008
Seller will entertain offers
between: $385,000 - $419,000
 
Property Type : Single Family Unit
Status : For Sale
Address : 1251 East Lane
City : Imperial Beach
ZIP : 91932
Subdivision : Seaside Point
County : San Diego

Main
Bedrooms : 3
Bathrooms : 2.5
Levels : 2
Square Feet : 1,500
Lot Size : 0.10 acrs.
Year Built : 1983
MLS # : 088005250

[...]
Read more 

IRS: Tax Topics - Home Mortgage Points

Posted by Clay on January 19th, 2008

The term “points” is used to describe certain charges paid to obtain a home mortgage.
Points may be deductible as home mortgage interest. If you can deduct all of the interest on your mortgages, you may be able to deduct all of the points paid on the mortgage.

You can read more home mortgage points deductions here.

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