Archive of posts tagged principal residence

Mortgage debt relief act to expire at the end of 2012

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You may owe federal income taxes in 2013 if you have a short sale, foreclosure Now is the time to make the hard decision: Are you going to walk away from your underwater home? Uncle Sam is still giving homeowners until Dec. 31 to go through a short sale or foreclosure without tax consequences — …

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Homestead Declaration

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A properly recorded Homestead Declaration protects the declarant from losing a portion of his or her equity due to lawsuits that result in judgment liens being attached to their property. Who is eligible for a Homestead Declaration? All homeowners that reside in their home, and use it as their principal place of residence. What are …

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