Homebuyer tax credit: 950,000 must repay
LMFAO!! Yet Another Bomb! Thank you for the rise in Real Estate sales…How do you say “bait and switch”! Were these disclosure properly made? Can’t wait to see the outcome of these sub-prime mortgages...
View ArticleNY SUPREME COURT DENIES ‘MERS’| NO CRYSTAL CLEAR INVOVEMENT AS “NOMINEE”
Dated: March 24. 2010 Lyons, New York Mortgage Electronic Registration Systems (MERS) moves under Article 11 of the Real Property Tax Law (RPTL) and within the limitations period set forth in RPTL §...
View ArticleBig banks, hedge funds hide roles in foreclosure schemes
By Fred Schulte Huffington Post Investigative Fund Posted: 10/19/2010 01:00:00 AM MDT . Nearly a dozen major banks and hedge funds, anticipating quick profits from homeowners who fall behind on...
View ArticleForeclosed? The tax man may want his cut
Via CNN MONEY NEW YORK (CNNMoney) — Did you lose your house to foreclosure this year? Did your lender forgive some of your mortgage debt because the house sold for less than it the mortgage balance? If...
View ArticleREUTERS Exclusive: IRS weighs tax penalties on mortgage securities (REMICS)
We saw this coming for a bit now… (Reuters) – The Internal Revenue Service has launched a review of the tax-exempt status of a widely-held form of mortgage-backed securities called REMICs. The IRS...
View ArticleREVISIT | Big banks, hedge funds hide roles in foreclosure schemes collect...
Denver Post- Nearly a dozen major banks and hedge funds, anticipating quick profits from homeowners who fall behind on property taxes, are quietly plowing hundreds of millions of dollars into...
View ArticleHere comes the start of small towns, major cities to go BK … Wall Street’s...
NY TIMES – Gretchen Morgenson AMID all the talk of debt and default in Washington last week, tiny Central Falls, R.I., went bankrupt. Like many states and cities in these hard economic times, Central...
View ArticleREQUIRED READING | Gone, but not forgotten: Canceled debt
The bleeding just does not stop. FL REALTORS- Like former lovers who send you friend requests on Facebook, old debts can come back to haunt you. But while you can ignore old flames, you can’t dismiss...
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