New legislation requires all homeowners receiving Basic STAR Tax exemptions to register with the New York State Tax Department in order to receive the exemption in 2014 and subsequent years. That’s right, just when you thought you’d done everything necessary to secure your STAR Tax savings on your primary home, New York State is requiring all … Read more
Bay Shore Open House 877 Manor Lane Bay Shore, NY 11706 July 21 From 1:00 P.M. to 3:00 P.M. Hi, this is Glen Hagen of Douglas Elliman inviting you to a very special open house, this Sunday 7/21/13 from 1-3PM at 877 Manor Lane in Bay Shore. This Southwood Manor Colonial has been greatly expanded … Read more
A Great Time To Buy A Home John Paulson, an investor that made a lot of money shorting the market during the height of the sub-prime lending fiasco has now changed his advice. He feels that now is a good time to buy a home. This is exactly what I’ve been telling the home buyers … Read more
January 5, 2013 at 11:45 am Demolition of dreams: 12 Detroit homes razed by mistake By Serena Maria Daniels The Detroit News From The Detroit News: https://www.detroitnews.com/article/20130105/METRO01/301050343#ixzz2I4JD3VyN Kristine Diven and Micho McAdow bought a home for $500 at a tax auction that was accidentally demolished. (Ricardo Thomas / The Detroit News) Detroit — Kristine Diven … Read more
Well we averted a catastrophic event with Congress allowing for an extension of the 2007 Mortgage Forgiveness Debt Relief Act to January 1, 2014. Had this law NOT been extended, anyone forgiven debt from the “short sale” of their principal residence, from agreeing to a “deed in lieu of foreclosure,” or having their property foreclosed, … Read more
https://www.inman.com/news/2012/09/13/foreclosures-boil-over-in-judicial-foreclosure-states This is exactly what I was talking about back in late February, as you can see in the video I produced illustrating how foreclosures in New York would be a drag on housing prices: https://youtu.be/-3L9Rdu9Eqw