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6 February 2023 | 6 replies
Here is a link to FHA assumption guidelines which would require you to pay to have the deal (https://www.hud.gov/sites/docu...)For quick reference i have put the section of concern below"When assuming a mortgage not subject to the HUD Reform Act of 1989, aninvestor must pay down the outstanding mortgage balance to a 75% loan-tovalue (LTV) ratio if the current owner occupant requests a release of liability,and the mortgage was originated by an owner occupant pursuant to a Certification ofReasonable Value (CRV) issued by the Veterans Administration (VA), or is one for which a Direct Endorsement (DE) underwriter signed an appraisalreport on or after February 5, 1988.Either the original or the current appraised value of the property may be usedto determine compliance with the 75% LTV limitation.This requirement continues throughout the life of the mortgage."
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17 October 2017 | 54 replies
On top of that, congress tax reform proposal would eliminate deducting local property taxes on the federal return, in other words I would lose a 40k tax deduction as well ... bye bye cashflow.
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8 December 2022 | 0 replies
CIVIL PRACTICE & REMEDIES CODE §16.051: Cause of action to set aside, rescind, or reform expires 4 years after accrual; Trustees of Casa View Assembly of God Church v.
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12 March 2020 | 91 replies
I want to load this onto my Kindle, does the Amazon version have the updated to reflect thr 2018 tax reform ?
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18 October 2015 | 8 replies
The parents are likely playing tough love with their kids.You really don't want to reform them when your gut is telling you not to go through with it.Anyway, best to you.
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9 March 2023 | 4 replies
Our lawmakers in Hartford are taking aim at landlords with several bills they claim will address housing affordability in the state (HB 6781 & SB 4). The majority of the proposed legislation targets 5 units and ab...
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8 December 2017 | 43 replies
Everything's up in the air right now with tax reform and some possible changes.
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15 February 2020 | 61 replies
.-- Reforms to rent-to-own contracts: Rent-to-own contracts must clearly detail specific information about the home and the payments so renters understand the terms, and they cannot charge any additional fee at the end of the contract for transfer of ownership.
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23 March 2010 | 16 replies
Ramsey's success soon came to an end as the Tax Reform Act of 1986 began to have a negative impact on the real estate business.
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28 January 2021 | 8 replies
My guess is they compromise on a lower number to avoid further hurting unemployment.Tax Reform (further out after American Rescue Plan)- Replacing 401K deduction with a tax credit.