John L. Scott Real Estate
Wednesday, December 12, 2018
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Friday, December 28, 2012
A tax break that has saved struggling homeowners from paying thousands of dollars to the IRS is just days away from expiring. If the Mortgage Forgiveness Debt Relief Act of 2007 does not get extended by Congress by the end of the year, homeowners will have to start paying income taxes on the portion of their mortgage that is forgiven in a foreclosure, short sale or principal reduction. That means if someone owes $150,000 on their home and it sells for $100,000 in a foreclosure auction, they could owe taxes on the remaining $50,000. For someone in the 25% tax bracket, that would mean paying $12,500 in taxes on the foreclosure. Similar taxes would apply for amounts that were forgiven in short sales and principal reductions.
Posted by dawnmitchell at 12/28/2012 4:57:00 PM
Friday, October 12, 2012
1. Look at homes ONLY in your price range, or what you are approved for with your lender. 2. Don't let your emotions get the best of you, see beyond the pretty decorations, they don't come with the home. 3. Do your homework, your due diligence, don't rush. 4. Study yourself, really figure out what is important in a home to you.. and your family. 5. Work with your trusted Realtor!!!!
Posted by dawnmitchell at 10/12/2012 4:23:00 PM
Friday, October 5, 2012
Stetson Homes The Stallion - 2249 South Chamisa Avenue, Boise - Small Creek October 6 & 7, 13 & 14, 20 & 21 See you there......
Posted by dawnmitchell at 10/5/2012 8:06:00 PM
Tuesday, October 2, 2012
The positive long term outlook for Boise?s real estate market may not be completely assured just yet, but there are rapidly growing indications that Idaho will be among the leading states in a broader U.S. housing recovery. The Brookings Institution?s recently released Metro Monitor for the Boise metropolitan area places Boise at the TOP spot in the nation for increasing home prices. Rankings are for the 100 largest U.S. metropolitan areas based on economic data for the first quarter of 2012. Boise home prices were the highlight in a broader mix of economic indicators in which the Boise area ranked as the #6 metropolitan area in the United States for overall economic recovery performance. Are the short term rising home prices indicative of a sustainable housing recovery for Idaho real estate? The question remains unanswered for the moment as underlying factors necessary for a broader economic recovery appear a bit tenuous for this up and coming midsize capital city.
Posted by dawnmitchell at 10/2/2012 9:46:00 PM
Monday, September 10, 2012
Posted by dawnmitchell at 9/10/2012 8:50:00 PM
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