Home Affordable Foreclosure Alternatives expire 2018

The government’s Making Home Affordable Program, which included the Home Affordable Modification Program (HAMP) and the Home Affordable Foreclosure Alternatives Program (HAFA), was developed in 2009 to help homeowners avoid foreclosure, stabilize the housing market, and improve the overall economy.   Unfortunately, the HAMP program has stopped accepting new applications and servicers stopped offering HAFA … More Home Affordable Foreclosure Alternatives expire 2018

3 ways (and 1 reason) to refinance a HELOC by Poonkulali Thangavelu

You may not be so happy when the 10th birthday is approaching for your home equity line of credit, or HELOC. If you still owe money on it, you might soon see a spike in your minimum monthly payments. But you can delay the payment increase by refinancing the loan. A home equity line of … More 3 ways (and 1 reason) to refinance a HELOC by Poonkulali Thangavelu

Like-Kind Exchanges of Real Estate Survive the Tax Cuts and Jobs Act A Glass Half Full for Section 1031

The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017. The TCJA limits deferral under IRC Section 1031 to real property that is not held primarily for sale. Exchanges of personal property, capital assets, intangibles and collectibles are no longer permitted. The modification to IRC Section 1031 applies to exchanges … More Like-Kind Exchanges of Real Estate Survive the Tax Cuts and Jobs Act A Glass Half Full for Section 1031

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Change to IL State Tax Liens- Effective January 1, 2018

Effective January 1, 2018, the Illinois Department of Revenue (“IDOR”) has been authorized by state statute to provide a uniform statewide system for the filing of notices for state tax liens.  The IDOR will no longer be recording its liens or releases with local county recorders. Instead, the IDOR will now maintain its own searchable … More Change to IL State Tax Liens- Effective January 1, 2018

Want to avoid an unpleasant home insurance surprise with your next house? Get a CLUE HEATHER LARSON MAY 14, 2015 IN REAL ESTATE

The rambler or split-level you’re eyeing looks perfect in every way, but prior damage and other issues may be lurking in the house’s backstory. These are details you’ll want to know about before signing the closing papers. And you can, thanks to a free tool that lists insurance losses on a property going back seven … More Want to avoid an unpleasant home insurance surprise with your next house? Get a CLUE HEATHER LARSON MAY 14, 2015 IN REAL ESTATE