Coast still waiting for storm repairs In the weeks following Hurricanes Frances and Jeanne in 2004, Treasure Coast residents with roof and screen damage counted themselves lucky if they could get roofers and screen repair companies to answer the phone. They gladly wrote checks for deposits and gratefully took their place in the long line …
Category Archives: Legal
MiamiHerald.com | 01/18/2006 | Key condo debtor case settled
Key condo debtor case settled A woman has agreed to settle her bankruptcy case rather than wage a legal battle over whether appreciation in her condo should count against the homestead exemption in the new bankruptcy law. A Sunny Isles Beach woman — among the first to become entangled in tougher bankruptcy rules intended to …
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Section 1031 deals have strict guidelines
Section 1031 deals have strict guidelines Question: When you sell a duplex where you live in one unit and the other unit is a rental, do you have to do a 1031 tax-deferred exchange or would part of the duplex be classified as a personal residence? Answer: The short answer is “yes.” Under tax law, …
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Real Estate Deals Pay Off for Insiders
Real Estate Deals Pay Off for Insiders In one case, a charity sold property earmarked for low-income housing to a group with which it had ties. The land was then flipped for a $1.1-million gain. The insider deal is one example of how leaders of the UFW and the groups they call the Farm Worker …
Love don’t live here
Love don’t live here — Newsday.com Courtney Love lost the Olympia, Wash., historic bungalowshe bought in the late 1990s to a Los Angeles mortgage company after a foreclosure auction generated no bids. WMC Mortgage filed a lawsuit last year in Thurston County Superior Court, seeking foreclosure after Love stopped paying the bills. The debt on …
Minimum home ownership time just 24 months to claim tax break
Minimum home ownership time just 24 months to claim tax break DEAR BOB: I am confused about your recent answer to a home seller who wants to add her mother to the title. You said the mother would be eligible for an Internal Revenue Code 121 principal residence sale tax exemption up to $250,000 after …
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