Archive for the Business, Finance, Mortgages, Taxes Category

Tax Saving Strategies Utilizing a 1031 Tax-Deferred LEGAL Exchange!!!

May15
"There's Taxes Everywhere" - Matt Cline   reprinted from the First American Title Company Exchange Newsletter!  Remember:  having a strategy for your investment properties, 2nd homes and even re-thinking your primary residence could save you big bucks on the tax front.  Just something to think about..... Tax Saving Strategies Utilizing 1031 Exchanges The 1031 tax deferred exchange is widely known and utilized by investors to defer capital gains tax when selling and buying investment property. To qualify under IRC Section 1031 the basic requirements to maximize your tax-… Read More

Short Sales Might Get Easier???? I’ll Believe It When I See IT!!

May11
"Falling Short" - Generation Song   Short-sales have been a challenge in our market for the last few years. New legislation is supposed to make it better. My personal experience is that, "I'll believe it when I see it"!! But, of course, I hope that it's true!! Here is an article from RisMedia: (MCT)—The short sale process could get a lot quicker starting this summer under new rules that will require lenders to respond to offers within a month. Fannie Mae and Freddie Mac, the nation’s two largest mortgage backers, will implement the guidelines on June 15. The changes requ… Read More

The History of Interest Rates (and Why You Should Care)!! :-)

May3
"Why Should I Care" - Diana Krall   These are some very revealing and interesting historical statistics on mortgage interest rates.  If nothing else dire happens in our very small one-world economy to "rock the boat", we may look back and see that this is the time span when the market (at least in Portland, Oregon) really began to repair itself.  I know we have a ways to go in completing our economic recovery and regaining some of our lost equity in housing but our local housing market is definitely changing!  We have a shortage of good inventory and a resurgence  of buying in… Read More

2011 Distressed Residential Properties Report for the Portland Metro Area!

May1
"Distress" 2011 Distressed Residential Properties by Mary-Frances Makichen/Communications Department on April 27, 2012 The chart below shows the number of Bank Owned and Short Sales in all areas of the RMLS™ system during 2011. To download or print… Read More
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