Archive of posts tagged tax

Still Time to Have Forgiven Mortgage Debt Excluded as Taxable Income

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Homeowners who have had mortgage debt forgiven after a foreclosure, modification, or short sale may be able to exclude the canceled debt from their taxable income if they meet specific criteria. According to Gil Charney, principal analyst at The Tax Institute at H&R Block, the specific criteria to have forgiven debt excluded are the debt …

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4 factors to consider before buying a home

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It’s tax time, so those who don’t own homes are seriously thinking about whether they should. And those who do are busy trying to collect up and cash in all of their deductions. To boot, the real estate market is in year six (!) of what those who can’t agree on a precise economic term …

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Don’t fixate on interest rates

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Interest rates are low–really, really low. And artificially so, as time goes on, the government is slowly allowing some of the programs they imposed to keep rates low–to encourage buying and a housing recovery–to expire. But it seems that the lower rates go, the lower we want them to be. In the early 1980s, rates …

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O.C. hottest housing? Easily, Newport Beach 92660

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From the Orange County Register: If you want to understand Orange County’s housing slump at its simplest, please note that just one ZIP code of the county’s 83 major ZIPs enjoyed both rising sales and an increased median selling price in the first half of 2011 vs. the year before. And that ZIP was, according …

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