When you get a mortgage for your home purchase, if it’s a fixed-rate mortgage, the only amount that is likely to change over the life of your loan is your escrow payment – the amount set aside for taxes and insurance. Industry experts warn that homeowners should look carefully at their own escrow statements, as […]
Tax Differences Between Buying and Renting
Owning your own home is part of the American dream. But according to a recent Wall Street Journal article, owning a home is not always the best idea. Some Americans who cashed in on the $8,000 first-time home buyers credit before it expired in April 2010 got a bad deal. The credit pushed up sales […]
Real Estate Taxes Are Rising
The property tax burden for residential property owners has not kept up with the present slide and erosion of market values. Everyday commercial businesses are failing and have little or no assets that make up the tangible personal property taxes and real property tax base. State and local tax collectors have lost revenue due to […]
Buying Real Estate for Back Taxes
Buying Real Estate for Back Taxes Buying property at a foreclosure auction is one way to buy a house cheap, but it’s not the only way. Stacy Johnson explains… Have questions or comments about buying real estate for back taxes? Use the comment link below.
Lower Your Property Taxes
Lower Your Property Taxes As many as 60 percent of us pay TOO MUCH on our property taxes. Perhaps there IS a silver lining behind dropping real estate values.. Questions or comments? Just click the “comment” link below. Your email address, although needed to post a comment, will NEVER be published on this site or […]