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    • Archive for November, 2009

    Divorce and Filing Your Income Tax

    Monday, November 9th, 2009

    I met an income tax specialist at a recent networking event.  We discussed real estate and divorce and taxes.  Later in the day I received an email from him that I copied and pasted below.  It just goes to show the importance of consulting qualified professionals during the divorce process.
    Hi Marion,
    As we left breakfast, I […]

    You Can Quitclaim Title But Not The Loan

    Friday, November 6th, 2009

    Common divorce scenarios:

    A couple is going through a divorce. One spouse wants to keep the house and agrees to make the payments.  The other spouse wants to rid himself or herself of the house all together.

    or

    Due to the recent decline in the market, the house has lost value and there is little or no equity. […]

    Investors Beware

    Monday, November 2nd, 2009

    Many savvy investors buy and sell real estate by doing 1031 exchanges. With the decline in real estate prices over the last few years, some investors may think they are selling a property at a loss and therefore do not need to do another 1031 exchange. But before you do anything, be sure and consult a […]