taxes – Kerstin G. Brooks, Broker

Short Sale 101

Short Sale 101 – what is a short sale – what are the pros and cons.

Another Home Buyer Tax Credit Extension Granted? Not really, read the fine print …

Congress “extends” First Time Home Buyer Tax Credit deadline to Septemeber 30th – well not really. They extended the CLOSING DEADLINE to the end of September for buyers who went under contract before April 30 but this does not mean it is a true extension.

Federal Homebuyer Tax Credit effective through April 30, 2010

Overview of the Federal Homebuyer Tax Credit

My house was sold at a short sale – do I owe taxes for the forgiven debt?

Homeowners who sold their house in a short sale are often cautioned by their lender, escrow officer, real estate agent or other professionals involved in the sale that they may owe taxes on the forgiven debt. Usually, a homeowner who resided in the home (as their primary residence) sold at a short sale will notContinue reading “My house was sold at a short sale – do I owe taxes for the forgiven debt?”

Tax Time – A joyful time for homeowners

It is tax time. Yes, I know most people dread this time but for home owners this can be a joyful time. There are some really nice deductions and credits homeowners can take advantage of. Have fun with your 2009 tax filing and save some dough! – tax credit for first time home buyers– taxContinue reading “Tax Time – A joyful time for homeowners”