Taxes
Obama budget proposes Mortgage Debt Relief Act extension
The Mortgage Debt Relief Act (MDRA) of 2007 is getting a vote of confidence from the Obama Administration. The administration’s 2013 national budget proposal includes a provision to extend MDRA through 2014 and perhaps beyond – potentially saving you tens of thousands of dollars.
Short sale, foreclosure, other debt forgiveness beyond 2012 could cost you tens of thousands of dollars
It may not be the end of the world, but in 2012, when the Mortgage Debt Relief Act (MDRA) of 2007 expires, it will end one of the
Employees leaving 401(k) match money on the table
One in three working stiffs isn't getting as much out of his or her retirement plan as they could because they aren't putting as much in as they
Obama’s ‘American Jobs Act’ includes White House pressure to help more homeowners refinance to lower rates
WHITE HOUSE OFFICE OF THE PRESS SECRETARY - President Barack Obama has instructed his economic team to work with Fannie Mae and Freddie Mac, their regulator, the Federal
Expect fallout from a strategic default
When you decide to quit making mortgage payments and walk away from home ownership, you are taking a walk down a slippery path. It's a path to a
Housing to take center stage in 2012 election
Housing-related tax breaks are as American as apple pie and politicians who want to cut the tax perks that come with housing may want to consider another line
Homebuyer tax credit extension for contracted homebuyers only
The extension on filing for the home buyer tax credit is available only to those who had already contracted to buy a home by the end of April. On
President signs bill to extend home buyer tax credit closing deadline
President Obama today signed HR 5623, the "Homebuyer Assistance and Improvement Act of 2010" to extend the closing deadline for the already extended and expanded federal home buyer
Sellers slash prices after tax credit ends
Dangers of social networking Recognizing that homebuyers need more motivation now that a federal tax credit has expired, more sellers are slashing their asking prices. As of May 1, 22
Property tax assessment too high? Quick! File for a review
Take a good hard look at your property tax assessment. If your home has lost value in recent years, there's a chance you should also be paying a smaller
Capital Gains: Taxpayer Relief Act of 1997
When the 105th Congress passed H.R. 2014, the federal Taxpayer Relief Act of 1997, home owners breathed a sigh of relief, but three years later the sighs more
Renting a room for a fast buck? Think twice
If hard times has you renting out that empty room for some fast cash, you could be opening the door to a lot more cost, not less. The Insurance
New tax breaks, on the house
Talk about tax shelters. When it comes to paying your dues in Club America, your home likely provides the best discount going. Your home offers more tax relief than any
Beware bogus ‘Property Tax Reassessment’ letter
Some San Jose, CA area homeowners, and likely homeowners elsewhere, just received a dubious "Property Tax Reassessment" mailing from a company looking to net $179 per mailing. It and
Housing special event-goers short term? Beware!
Not long ago, property managers were pitching Pebble Beach, CA home owners the idea of renting their homes when the U.S. Open next visits the Monterey County area
Should you house sporting, special event fans?
When the Superbowl, U.S. Open, World Series, Olympics, and other major sporting and entertainment events come to town, the community cashes in on an influx of visitors dining,
Consumer Alert: Property tax reduction offers
Larry Stone, Silicon Valley's tax assessor, is warning homeowners to beware of companies seeking cash to help homeowners lower their property tax. He says a local company, asking for
12 tax breaks, on the house
Your home is more than just a shelter from the elements. It's also a tax shelter -- about a dozen times over. Here's an introduction to the 12 most common
Mortgage insurance tax deduction extended
Effective January 1, 2008, the "Mortgage Forgiveness Debt Relief Act of 2007," says, for those eligible, no taxes will be owed on any mortgage debt on a principal
Foreclosures, short sales already less taxing
You may not have to pay taxes on canceled debt in a short sale. If you lost money on a foreclosure you can't claim the loss on your













