The Pima County delinquent tax lien sale has been scheduled for Feb. 24,25 & 26, 2010. The county treasurer’s web site has some information about bidding at the sale and purchasing liens. Hogan School has two classes coming up on January 25th and February 17th.
Tax Credit Extended
The Federal Government has extended and expanded the tax credit for home buyers. Here’s the scoop! For first time homebuyers (people who have not owned a home for at least three years) the tax credit is $8,000. A contract to buy must be entered into by April 30, 2010 and close on the home by…
More »
Tax & Financial Planning: Home Loans
Source: Ludwig, Klewer & Co. PLLC Mortgage points paid on the purchase of a main residence are fully deductible whether paid in cash or financed over the life of the loan, so long as the cash down payment at least equals the cost of the points. Not all points are deductible up front. You can…
More »
New Tax Laws are a Boom for New Homeowners and Longtime Homeowners
On November 6, 2009 President Obama signed legislation which contains two provisions which are important for the real estate industry. Extension of New Homeowners Credit of $8,000 Individuals who have not owned a principal residence in the last three years now have until April 30, 2010 to purchase a residence in order to get a…
More »
Stimulus Package Update
First-Time Homebuyer Credit Under the new Act, the First Time Homebuyer Credit of 10% of the value of the home increased from a maximum of $7,500 to $8,000. Under the old law the credit had to be repaid, under the new law the credit is only repaid if the home is sold within three years….
More »
Understanding the Stimulus Package
The new stimulus package consists of 1,419 pages of legislation. There are lots of provisions in the new laws which affect real estate. Whether the new first time home buyer credit or the residential energy efficiency credit you and your clients are going to have questions. Let’s face it, 1,419 pages is a lot of reading. Officially the…
More »
$7,500 Tax Credit for 1st Time Homebuyers
If you helped a first time buyer last year or will help one this year you need to know about the $7,500 tax credit that is available to them. Available for a limited time only, the credit: • Applies to home purchases after April 8, 2008, and before July 1, 2009. • Reduces a taxpayer’s…
More »
2009 Delinquent Tax Liens
It’s almost February and people have been calling me about delinquent tax liens. Tax liens are a safe, secure investment that offers above average returns. The Pima County auction will be held February 25th – 27th. You can find out more at the County Treasurer’s web site and learn the “how to’s” at Hogan School. The list…
More »