By: Antonio Vega-Pacheco Real Estate Views: 3553 | Comments: 0 | Votes: 0
En Enero 29 tendremos la oportunidad de votar por la Enmienda 1. Elejir la Enmienda 1 nos garantiza una reduccion en los impuestos de propiedad en 2 formas.Primero, la exempcion al propietario se doblara de $25 mil a $50 mil. Segundo, TODO el beneficio/ahorro a impuestos que usted a acumulado gracias al programa “Save Our Homes” se convertira a beneficio portatil. More
By: Antonio Vega-Pacheco Real Estate Views: 3121 | Comments: 0 | Votes: 0
This message is intended for Florida residents and those considering moving to Florida.On January 29 we will have the opportunity to vote in Amendment 1. Voting for Amendment 1 will guarantee reduced homeownership taxation in 2 ways. First, the homestead exemption will double from the current $25,000 to $50,000. More
By: Antonio Vega-Pacheco Real Estate Views: 6466 | Comments: 0 | Votes: 0
Until now (12/07), if the value of your house declines and your bank/lender forgives a portion of your mortgage (via a short sale or deed in lieu), the tax code treats the amount forgiven as ordinary taxable income. For a borrower already financially strapped, this makes a bad situation worse. More
By: Antonio Vega-Pacheco Real Estate Views: 3596 | Comments: 0 | Votes: 0
The 2 main provisions to be voted in are; to double the homestead exemption (from $25,000 to $50,000) and to improve on the existing “Save Our Homes” benefit, plus make it portable. The doubled homestead ($50k) will apply to homes with a just value of over $75,000… which is most Florida homes. Homes valued under $75k will also get a smaller increase to homestead exemption. More
By: Antonio Vega-Pacheco Real Estate Views: 3438 | Comments: 0 | Votes: 0
According to the National Association of Realtors (NAR) only 9% of all existing loans are Sub-Prime. Other sources estimate that within 18 months, up to 40% off homes in the market will be foreclosed properties or REO’s (Real Estate Owned by bank). Of course, all this numbers are educated projections and the accuracy will probably rest somewhere in between. More
