News about properties and real estate
Two major ways to prevent real estate probate Beware of condition that gives up control of home DEAR BOB: I am recently widowed. The house is now in my name. How do I prevent probate, how expensive is it, and how long before my heirs can sell the house? Should I add my heirs’ names …
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Selling the Air Above – New York Times On an island where there is often nowhere to build but up, the air in Manhattan can get pretty pricey. Air-rights deals, or the sale of unused development rights from one property owner to another, are generally considered the business of big-time developers. But in cheek-by-jowl Manhattan, …
Thirteen dollars for $1.5 million property Reversing an appellate court’s decision, the Kentucky Supreme Court has ruled that a Breathitt County woman should get more than $1 million in real estate that her uncle decided on his deathbed to give her in exchange for $13. The property, intended not as an inheritance but as a …
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Real estate investor has trouble shaking depreciation recapture tax DEAR BOB: If I move for 24 months into a rental house I’ve owned for 15 years, can I then sell it as my principal residence to avoid the recapture tax on all the depreciation I’ve deducted? –Elinor W. DEAR ELINOR: Sorry. The only way to …
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Affordable housing offers developer rich pursuit But spiraling land prices are squeezing such projects out of Central Florida In 1988, Alan Ginsburg decided to use the federal government’s new tax credits for low-income housing to accomplish two things: provide affordable rental housing for people, and build a thriving business for himself. He has done both, …
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Buyers angered as developer misses 3 deadlines at idle condo site in Boca Jackie Badome has four bedrooms, three bathrooms and two grown children. She doesn’t need a big house anymore. So in 2004 Badome agreed to pay $360,000 for a two-bedroom condominium at Eden, a former apartment complex on Palmetto Park Road and Southwest …