by Dan Polimino | Feb 12, 2010 | Buying, Financing, Hawaii Real Estate, Investing
So you are sitting on the sidelines right now missing out of the $8000 First Time Home Buyer Tax Credit because someone at the bank told you that your score was not good enough to buy right now. The banker probably did not provide much more information other than you “need to fix your credit and pay your bills on time” if you want to buy a house.
by Dan Polimino | Feb 5, 2010 | Buying, Financing, Hawaii Real Estate, Investing
Sure, as a new home buyer you are going to get your $8000 tax credit for buying a home (provided you close before the deadlines) and you will begin to “itemize” your tax deductions (real estate property taxes, mortgage interest, and points) going forward each year. All of these can potentially save you allot of money on your federal taxes which one of the many reasons people chose to buy rather than rent.
by Dan Polimino | Jul 6, 2009 | Investing
Some economic observers are predicting another wave of foreclosures later this summer or in the fall. That’s because lenders that have held off on foreclosures as part of President Obama’s plan will now move forward aggressively to clear the backlog of troubled mortgages.
by Dan Polimino | Jun 1, 2009 | Hawaii Real Estate, Investing, Luxury Market
We hear a lot about foreclosures these days in the news. Internet, newspaper, TV, and radio all regularly report on the rate of foreclosures, the number of foreclosures, the hardest hit areas, and how many more are yet to come. Analysts and economists have been...
by Dan Polimino | Dec 5, 2008 | Investing
Spending the least amount possible on taxes is smart money-saving strategy for retirees. To find the most tax-friendly places to retire, U.S. News & World Report sifted through more than 2,000 U.S. locales to find spots with low taxes and the amenities that are...
by Dan Polimino | Nov 15, 2008 | Investing
Fannie Mae and Freddie Mac conservator James Lockhart got an earful about short sales from REALTORS® last week at NAR’s Conference & Expo. Practitioners complained about lenders’ slow and inconsistent handling of loan modifications and short sales,...
