The Mortgage Forgiveness Debt Relief Act was extended to December 31, 2013 by lawmakers. The extension means owner occupied homeowners now will be excused from paying taxes on forgiven mortgage debt through 2013. The law, established in 2007, was set to expire Dec. 31, 2012. The extension will mean potentially tens of thousands of dollars in tax savings for many homeowners looking to work Continue Reading
Completely Renovated 3/2 Lake Worth Home For Sale
Completely renovated 3 bedroom/2 bath home just one block from intercoastal and minutes to beach and downtown Lake Worth. Fully remodeled kitchen boasts granite countertops and stainless steel appliances. Impact glass doors in mud room and backdoor.; Completely renovated 3 bedroom/2 bath home just one block from intercoastal and minutes to beach and downtown Lake Worth. Fully remodeled kitchen Continue Reading
Just Listed Short Sale! 12045 La Vita, Boynton Beach, FL
Short sale home for sale in Boynton Beach, Florida. Wonderful lake view. Granite, tile throughout living area, screened patio, open floorplan. Buyer to assume 18 month lease at $1875. ECM home warranty plan included with the purchase.; Short sale home for sale in Boynton Beach, Florida. Full Continue Reading
Just listed 1821 Carissa Rd Lake Clarke Shores, FL
Wonderful Lake Clarke Shore area. Spectacular lake view. Huge open floor plan. Large bedrooms. Gigantic patio overlooking Lake Mango. Tile throughout. Bathrooms updated. Large yard. Circular driveway. Close to I-95, beaches, City Place, airport.; Spectacular lake view from this wonderful Lake Clarke Shores 4 bedroom 2 bath 2 car garage CBS home. Huge open floor plan with tile throughout. Fireplace Continue Reading
4 Real Estate Closings in 4 cities this week!
4 closings scheduled for this week. One equity sale in West Palm Beach and the other 3 are short sales. One short sale in Royal Palm Beach, another short sale in West Palm Beach and the other short sale is in Loxahatchee. To sell your Palm Beach county home today, contact me for a free consultation! Jeffrey L. Tricoli, P.A. 561-440-4003 info@tricoliteam.com www.LakeWorthHomes.com Continue Reading
Just sold Lake Worth HAFA Short Sale
Just closed a 3/2/2 home in Lake Worth in the subdivision of Chestnut Hill. It was a HAFA approved short sale. The distressed homeowner received a $3,000 cash incentive from the lender at closing. The lender waived the right for a deficiency judgment. It was a Well Fargo HAFA short sale. It went relatively smoothly. The garage had been converted to a bedroom, so we were not accepting any FHA Continue Reading
Lake Worth Short Sale Just Sold with $20,000 Seller Incentive
Just sold a 3 unit property in Lake Worth. The homeowner received a $20,000 incentive from Chase and received a deficiency waiver. The buyer received a great deal on the property. Chase paid all of the title and real estate fees. Continue Reading
Tax break for short-sellers expires at end of year
By Kimberly Miller Palm Beach Post Staff Writer Struggling Floridians have saved untold fortunes with a nearly five-year-old federal tax break that is about to go away. Since 2007, homeowners whose banks have forgiven unpaid mortgage debt after a short sale, principal reduction or foreclosure have not had to count that money as income on their tax returns. It’s meant savings of Continue Reading
New Medicare tax creates incentive for home sales
New Medicare tax creates incentive for home sales Real Estate Tax Talk By Stephen Fishman Inman News® Share This The Patient Protection And Affordable Care Act ("Obamacare") will affect everyone in the United States one way or another. But some people will be affected more than others. Among these are high-income taxpayers. Starting in 2013, they will be subject to a brand new Medicare Continue Reading
Just Sold homes in Palm Beach county
218 Wedgewood Cir Greenacres, FL 33463 in Villages of Woodlake. Just sold last week. 3 bedroom 2 bath 1 car garage single family home for $142,000 cash. 6614 Belvedere Rd West Palm Beach, FL 33413. Just sold last week. 3 bedroom 2 bath 2 car garage single family home with a guest house on 1.8 acres for $202,000. 1171 SE Pinewood Lake Court Greenacres, FL 33415. Just sold last week. 3 Continue Reading