Taxes on Phantom Income Haunt Foreclosed Homes
According to a recent post in the Equifax Personal Finance Blog, one of every 136 American homes received a foreclosure notice in the third quarter of 2009 (attributed to a statistic from RealtyTrac). For those who had some or all of a home loan cancelled after deeding the home to the bank, participating in a [...]
Real Estate May Get Wealthy Americans Out of Paying More Taxes
With new taxes scheduled to take effect in 2013, wealthy Americans will be paying more taxes, including Hospital Insurance Tax of 0.9 percent and/or Medicare tax of 3.8 percent. Elections and two more sessions of Congress will take place before the new taxes are rendered, so anything can happen. Still wealthy Americans (and many who [...]
Does Your Luxury Home Have a Pool? You Might Need an Umbrella.
An umbrella insurance policy, that is. It will protect your assets and income when the limits of your homeowner’s and auto policies are reached. Without one, you could have a lot to lose. The Equifax Personal Finance Blog recently posted an article on the topic by insurance expert Linda Rey. “Umbrella Insurance: The FAQs” details [...]
Would Your Guests Enjoy a “Little House”?
Do you feel like every time you have house guests that you need more space? What if your guests had there own little house to stay in? Casitas have become all the rage in a variety of price points from expansive Austin custom homes to compact active adult homes. Casita means “little house” in Spanish. [...]
Homeowner’s Insurance and Outdoor Fun
You’ve just bought a new (or maybe new-to-you) home, and you’re extra excited because it’s on the lake. When it comes time to shop for your homeowner’s insurance, don’t forget to mention the jet ski and boat. They may require special coverage. According to insurance expert Linda Rey, a regular contributor to the Equifax Personal [...]
