Terry Dykhouse is a tax guy who knows the rules, so based on the first set of rules that rolled out of Washington, he did all he could to close on the purchase of his newly constructed home in Rochester Hills, Mich., by Dec. 31, 2008. He got his tax credit. But if he had …
Author Archives: Administrator
Court: $10 million developer’s suit against Tampa can move forward
The city could be on the hook for millions of dollars in damages for denying a developer’s 2004 plans to build a condominium tower along Bayshore Boulevard. On Wednesday, the 2nd District Court of Appeal reversed a lower court’s rejection of a lawsuit filed by Citivest Construction Corp., ruling that the case can move forward. …
Continue reading “Court: $10 million developer’s suit against Tampa can move forward”
It Pays to Own a Multi-Family Home
House prices are still tanking in many parts of the country, mortgage rates are inching up, and job growth is subpar. So what are some homebuyers doing? They’re buying even more home—as in two-, three- and four-family homes—and playing a risky, but potentially lucrative, game of real estate investor and live-in landlord at the same …
Massive Las Vegas Estate Slashes Price to $25 Million
The home, most recently listed for $37.5 million, is now asking $25 million. It had, at one point, been quietly marketed for $60 million and is one of the largest private residences in Nevada. Located five minutes from the Las Vegas Strip, the estate was reportedly built for Prince Jefri Bolkiah of Brunei. Spanning 11.2 …
Continue reading “Massive Las Vegas Estate Slashes Price to $25 Million”
Much-maligned mortgage program saved woman’s Groton home
After losing her job, Jolene Picard of Groton couldn’t bear the thought of also losing her 600-square-foot home with the white picket fence. She liked to garden. Her dogs enjoyed the yard. And Picard put nearly $20,000 of improvements – not to mention a good bit of sweat equity – into the place on Midway …
Continue reading “Much-maligned mortgage program saved woman’s Groton home”
Mortgage debt forgiveness: Who qualifies
For many struggling Floridians, going through a foreclosure, loan modification or short sale has been depressing enough. When it’s over, they might have thought their money woes would ease. But for some people, canceled or reduced mortgage debt comes back to haunt them during tax season. Most debts that are forgiven by creditors, from credit …