News about properties and real estate
Many people own rental property of some kind – whether they are renting out part of a primary residence or a vacation home. Regardless of the type of rental property, owners must make themselves acquainted with the various tax rules that apply to it, as these can differ significantly based on the degree to which …
Continue reading “Special tax reporting rules for rental properties”
Mamie Rose wanted her last years to be simple. She was already in her 80s. She bought her Northside home 40 years earlier. Her husband had died. Her children were grown, leading lives of their own. She didn’t want to worry about mortgage payments, repairs or insurance. Her daughter told her about a “reverse mortgage.” …
Continue reading “Reverse mortgages are nightmare for some in Duval County, good deal for others”
A Phoenix woman’s home purchase nearly was derailed after Wells Fargo froze her checking account and stopped her down payment from being delivered to an escrow account. The reason for Wells Fargo’s actions last month? U.S. trade sanctions with Iran. Neda Tavassoli, born and raised in the United States, is among dozens of Iranian-Americans whose …
Continue reading “How Iran sanctions nearly sank Phoenix woman’s condo deal”
Home prices are up, long-vacant houses have families moving in, but fear of what the future might bring has prompted some of the homeowner associations in the unincorporated area of West Boca to limit who might move in. Some of the 125 master homeowner associations have either banned or are considering a ban on a …
Continue reading “Communities in West Boca seek to ban government rental assistance”
Q: I am about to buy a home and just did the final walk-through before closing. We agreed to buy the house as-is and did thorough inspections about a month ago, as per the contract, and everything seemed fine. Now the refrigerator doesn’t work and the toilet is completely stopped up. Do I still need …
Continue reading “Ask a real estate pro: Sellers must make repairs”
Miami Gardens officials say a landlord owes more than $300,000 to the city for failing to pay a $250 fine earlier this year for not getting the proper permits for renting out his apartments.But the landlord, Ramces Dufrense, said the city is unfairly targeting him because he refused to lease one of the apartment to …