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Why Banks are Freezing Lines Of Credit on Houses
What would you do if your bank called to tell you that your home equity line of credit had been frozen or even cancelled? For most homeowners, shock would be the first emotion followed quickly by confusion. Why would banks be pulling the line of credit from homeowners who have had no trouble paying off the loan. Banks have recently been pulling home equity lines of credit from all applicants, ev Read More...
Tax Deferral or Tax Reduction – Cost Segregation
Tax deferral is a key benefit of cost segregation; however, a popular misconception about cost segregation is it is just used for tax deferral, it does not reduce taxes. The tax deferral and tax reduction issue is misunderstood both by sophisticated real estate investors and tax professionals. The consequences of this incorrect information is unfortunate since numerous real estate investors forgo Read More...
Home Prices in the US Remain Unchanged in Third Quarter
Real Estate prices in the US remained almost flat in the third quarter despite a decline in sales of existing homes. Median price for single-family homes in the period was at $177,900, almost flat compared to the same period last year?s $178,200, according to a report released by the National Association of Realtors (NAR). The industry group underlined that home prices in the quarter, and in the y Read More...