All Posts Tagged With: "limits"
A Basic Guide To Real Estate, Mortgages & Taxes
Let’s be honest: April 15th is a day of reckoning, the moment when we find out what we really owe for taxes. In households nationwide wallets are drained and many who were rich on the 14th are greatly impoverished by the 16th.
But for those with real estate the load is made lighter by tax rules [...]
2009 Real Estate, Mortgages & Taxes
Let’s be honest: April 15th is a day of reckoning, the moment when we find out what we really owe for taxes. In households nationwide wallets are drained and many who were rich on the 14th are greatly impoverished by the 16th.
But for those with real estate the load is made lighter by tax rules [...]
Who Won’t Be Helped Under The Obama Foreclosure Prevention Plan
The Obama Administration has come out with a new plan to both prevent foreclosures and to help those who are now struggling with home payments.
If you read the documents the Administration has posted to date, you can see that the plan offers real benefits to millions of borrowers and provides for federal cash to back-up [...]
“Canine Redlining” And Other Issues Impacting Homeowners Insurance
A few years ago, when two of the nation’s most powerful groups — dog owners and insurance companies — collided in the state of Washington, it was the insurance industry which won that round, defeating legislation that would have prevented it from establishing higher rates for homeowners with big dogs and dangerous breeds.
Welcome to [...]
The Illusion of Mortgage Protection
With a growing number of foreclosures nationwide, it’s good to know that the federal government has consumer protections in place to defend the public interest. What’s not so good is what those “protections” actually say.
Speaking in Chicago, Federal Reserve Board Chairman Ben Bernanke said “the Home Ownership Equity Protection Act (HOEPA) gives the Board the [...]
1Sep2008 | Peter G. Miller | 0 comments | Continued
What Are The FHA Loan Limits?
The amount available under the FHA loan insurance program varies according to where you live. There are different loan limits for standard areas, high cost areas and areas outside the lower 48 states.
For specifics, press here.
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28Aug2008 | Peter G. Miller | 0 comments | Continued
How Much Flood Insurance Can I Get?
The maximum amount of federal flood insurance at this writing is $250,000 for a single-family home structure and $100,000 for contents.
A business structure can be insured for up to $500,000 under the federal program, plus $500,000 for contents.
Renters can insure contents under the federal program for up to $100,000.
For program details, speak with local brokers [...]
What Is The Passive Loss Exception?
It may be possible to write off up to $25,000 in passive real estate losses from your general income under certain conditions.
The ability to write-off passive real estate losses is limited. Generally, if your adjusted gross income is more than $100,000 per year, you typically lose the ability to write off $1 in passive [...]
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