Call this home loan the last resort, not a ticket to a resort

Call this home loan the last resort, not a ticket to a resort Seniors don’t have to look farther than the TV or their own mailboxes to find somebody selling a way to dig out of trouble, or foreclosure, with a reverse mortgage. And the marketing is going to get more intense. Big players like …

Forgiven debt still might haunt you as taxable income

Forgiven debt still might haunt you as taxable income Canceled debt in many cases is considered income — taxable income. And if a creditor forgives thousands of dollars of debt, you can find yourself whacked by a big tax bill. And that is not the only consequence. Forgiven debt can raise your income to the …

Property auction had a lot of silence

Property auction had a lot of silence The crowd filed in to the large white tent behind the Bahia Mar resort for Friday’s real estate auction organized by Sotheby’s and Daniel DeCaro Auctions as a four-piece jazz band played a peppy rendition of “I Feel Good.” But as auctioneer Daniel DeCaro stood and watched from …

Maguire Properties Drops ‘For Sale’ Sign Due to Lack of Offers [Southern California]

Maguire Properties Drops ‘For Sale’ Sign Due to Lack of Offers [Southern California] Maguire Properties Inc. said Friday that it scrapped plans to put itself on the block amid uncertainty in the credit markets and a lack of viable offers. The announcement fueled a 16% slide in the Southern California real-estate investment trust’s share price, …