John L. Scott Real Estate
Wednesday, December 12, 2018
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Tuesday, January 11, 2011
In a decision that may affect foreclosures nationwide, Massachusetts' highest court voided the seizure of two homes by Wells Fargo & Co and U.S. Bancorp after the banks failed to show they held the mortgages at the time they foreclosed. Bank shares fell, dragging down the broader U.S. stock market, after the Supreme Judicial Court of Massachusetts on Friday issued its decision, which upheld a lower court ruling. Loading stock quotes? Index Last Change JPM 43.6 +0.20 +0.46% BAC 14.69 +0.29 +2.01% USB 26.05 -0.20 -0.76% WFC 31.4 +0.20 +0.64% Quotes delayed 15+ min. The unanimous decision is among the earliest to address the validity of foreclosures done without proper documentation. That issue last year prompted an uproar that led lenders such as Bank of America Corp, JPMorgan Chase & Co and Ally Financial Inc to temporarily stop seizing home
Posted by dawnmitchell at 1/12/2011 2:26:00 AM
Thursday, December 30, 2010
Of the approximately 399,498 owner‐occupied houses in Idaho in 2009, 278,102 or 70% had a mortgage. In 2008, 194,063 taxpayers in Idaho claimed a deduction for mortgage interest. The total amount deducted was $2,054,503,000. This means that the average taxpayer claiming the MID deducted $10,587 from taxable income in 2008. At a marginal rate of 25 percent37, this means that the average taxpayer saved $2,647 in taxes as a result of the MID. The total tax savings from the MID in Idaho in 2008 was $513,625,750. In 2008, 209,237 taxpayers in Idaho claimed a deduction for real estate taxes. The total amount deducted was $428,709,000. This means that the average taxpayer claiming the real estate tax deduction subtracted $2,049 from taxable income in 2008. At a marginal rate of 25 percent38, this means that the average taxpayer saved $512 in taxes as a result of the real estate tax deduction. The total savings from the real estate tax deduction in Idaho in 2008 was $107,177,250. If the MID and real
Posted by dawnmitchell at 12/30/2010 3:23:00 PM
Tuesday, December 21, 2010
The popular tax break for mortgage interest, once considered untouchable, is falling under the scrutiny of policymakers and economic experts seeking ways to close huge deficits. Although Congress last year rejected the White House?s proposed cut to the amount wealthier taxpayers can deduct for home mortgage interest payments, the administration included it again in its 2010 budget ? saying it could save $208 billion over the next decade.
Posted by dawnmitchell at 12/21/2010 3:48:00 PM
Saturday, December 18, 2010
Are you better off selling your home while you still live in it?
Posted by leelmelendez at 12/19/2010 2:31:00 AM
Wednesday, December 8, 2010
After years of delay, Whole Foods has been given the green light to build in Boise. On Dec. 6, Boise?s Planning and Zoning Commission unanimously approved plans to build a 35,000-square-foot organic and natural grocery store on Broadway, near Front and Myrtle streets. A 14,500-square-foot Walgreens will also be built on the six-acre site as part of the first phase of construction. A second phase which may include retail or office space will be developed at a later time, with no immediate time frame available. After final construction drawings are approved by Boise?s Design Review committee and building permits are filed, actual construction could begin in the second quarter of 2011, and take 12 months give or take, said Rick Duggan, director of construction and design at Schlosser Development of Texas. ?This is a good project. We are excited about bringing this commercial development to Boise,? Duggan said. ?We worked very hard to respond to comments and concern from city staff and commissioners.?
Posted by dawnmitchell at 12/8/2010 11:48:00 PM
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