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Attention all First Time Home Buyers…Do you know if you are maximizing your Federal Tax Savings?

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.

More Foreclosures On The Way

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.

Top Tax-Friendly Communities for Retirees

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...

Short Sale Standards On The Horizon

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,...

Senate Passes Housing Bill

This will surley help a lot of people. Please read from the Associated Press: The U.S. Senate on Saturday passed a bill that would stem foreclosures by allowing some 400,000 home owners refinance into affordable, government-backed loans. The bill, strongly supported...
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