You don’t have to be a dedicated Real Time reader to know that residential real estate in Palm Beach County has taken a historic tumble in recent years. But while most coverage focuses on a broad view of the market, every neighborhood’s real estate story is unique. Today we’re starting a series of posts focusing …
Category Archives: General
Using a reverse mortgage to buy a home Realty Q&A
Question: I am not qualified to make the decisions necessary for our situation, but hope that someone with your knowledge may help guide me so my husband and I can make it for our remaining 20 years. The situation is this: We don’t have any retirement income other than savings. For years, my husband invested …
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1099 Hassles For Rental Real Estate Owners
In an earlier post, I ranted about the burdensome new Form 1099 reporting requirements for businesses. Those rules are scheduled to kick in next year, but there’s a good chance they will be repealed before then. Fingers crossed! Meanwhile, yet another set of nasty new 1099 rules are lurking in the background. These rules affect …
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Developer Jerry Trooien — A vision gone bust
The scenery includes parking lots and vacant land just steps from the Mississippi River. To Trooien, who owns much of the acreage, those empty parcels were the property that would redefine downtown St. Paul. At the height of the real estate boom, Trooien proposed the highly publicized Bridges of St. Paul project — a massive …
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Homeowner associations step up foreclosure filings
As Don Urquhart says, no one wants to throw a neighbor out of his home. But that is what Urquhart says he and other community association leaders have been forced to do. When dozens of owners quit paying maintenance fees at Quadomain Condominium in Hollywood, Urquhart and other leaders stepped in and starting filing foreclosure …
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Tax deductions hit home
Homeowners can claim a slew of write-offs to lower their tax bills. There are deductions for mortgage interest, mortgage points and real estate tax payments. And when you sell your home, most likely, you won’t have to pay taxes on the profit. If you bought a home last year, you might even get to write …