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
The Blessings of Homeownership!By Sharman G.
You Establish Credit: Homeownership allows you to establish financial trustworthiness. Your continuous payment on a mortgage will raise your credit rating, and will assist you in the future when you apply for other loans. 2. You pay yearly property taxes. More
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
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
Buying Land in Bulgaria
Buying land in Bulgaria is
definitely not for the faint-hearted. However, if you can get over the
hurdles then it may well be worth its weight in gold in the future. Remarkably,
the price of land is still very low in Bulgaria when compared to the
rest of Europe. Land prices have even increased by 100 per cent in some areas within the space of a year. More
Twenty years ago, few Brits would have been able to find Bulgaria on a map, let alone tell you anything about the country. Today, hundreds of Brits own property there and thousands more visit this Balkan gem every year. Bulgaria also has an enviable stretch of coastline along the Black Sea which attracts both holidaymakers and those looking to buy property in Bulgaria alike. More
We recently had a conversation with a FSBO.....or make that a "Would Be" FSBO that we rescued by supplying a buyer...he had already bought a house and was coming close to having double mortgage payments. He understood that realtors in Wisconsin were "agents of the seller." I say "usually" because I have heard of agents who charge,....and buyers who pay needlessly. More
Foreclosures in the last year have increased significantly, according to HousingLink projections, a nonprofit corporation that has made it’s mission to connect people and communities to information that supports the resolution of their affordable housin More
You can shop them now, many with interior photographs...just click here and go to our new listing alerts and we'll send you all the homes that match your criteria. to capture all the colors at just a glance. More
Introduction
Southgroup Real Estate Investments was founded in 2001 to cater to the needs of investors and clients seeking creative real estate opportunities. As a result of Southgroup’s singular focus on investors, Southgroup has continually evolved its strategies to deliver strong results for our expanding client-base.
Why Southgroup? More