Sunday, November 06, 2005

Real Estate News for Sunday, November 6th, 2005

Ready to grab and go? You can't take the filing cabinet. But you can prepare for an evacuation with technology that makes papers and inventories portable. It's one less thing to worry about. With the recent onslaught of hurricanes, floods, and locally, wildfires, disaster preparedness is a practical response. And as observers learned from the victims of Hurricane Katrina — many of whom lost all of their personal, professional and medical records — residents can't depend on local offices and government agencies to keep documents intact in a widespread disaster. Technology, in the form of portable hard drives, flash or other memory cards and digital cameras, can make it easy to back up personal-paper trails and have them secured well ahead of a fire or earthquake. Click here to read more.

Bob Bruss Question and Answers! With 8 days, agent can shop around for better offers? $500 prepayment penalty: Shell out? First preapproval, then make offer? Capital gains on rental-sale profit? Missing person might hold up sale? Should renter pay the repair bills? Builder must allow choice of lenders? Click here to read more.

The cost to homeowners of simplifying the tax system. Under current tax law, homeowners can deduct the interest on mortgages up to $1 million, plus interest on another $100,000 in home equity loans. The benefit you get depends on how high your income is. Under current tax law, if you spend $10,000 on mortgage interest in a given year, and you itemize on your federal income tax statement, the tax benefit you receive depends on your tax bracket. Click here to read more.

Average mortgage rates and indexes. Weekly survey of 60 Southland lenders as of Nov. 2, 2005. Click here to read more.

~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com

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