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Monthly Archives: October 2011

  • Family & Friends’ Mortgages

    Family & Friends’ Mortgages

    It all seems perfectly reasonable: one person is not satisfied with what he can earn currently in the market and another wants to find the most attractive mortgage to purchase their home. It can be a good match but the IRS has specific rules that ...
    Written by InTouch
  • Yours or Theirs

    Yours or Theirs

    It takes money to buy a home: yours or theirs. If you're not going to pay cash for a home, you need to find out exactly what you can borrow and what it will cost before you start looking at homes. The mortgage process is not as clear cut a path as it w...
    Written by InTouch
  • Sale by Surviving Spouse

    Sale by Surviving Spouse

    The IRS has given special consideration regarding the sale of their jointly-owned principal residence after the death of a spouse. If the surviving spouse does not remarry prior to the sale of the home, they may qualify to exclude up to $500,000 of gai...
    Written by InTouch
  • You Must Be This Tall to Ride

    You Must Be This Tall to Ride

    Do you remember going to the State Fair or Six Flags as a child? There was a terrific ride your older siblings were going on but there, at the entrance gate, was a sign that read "You must be this tall to ride." After standing in line and thinking you...
    Written by InTouch
  • Keep Track of Improvements

    Keep Track of Improvements

    People are staying longer in their homes according to the National Association of Realtors and the U.S. Census. Over time, even a modest appreciation could result in a significant gain and homeowners should have a strategy to minimize possible taxes. M...
    Written by InTouch

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