Archive for the ‘United States’ Category

 

Built a home in 06 with a construction loan, Someone said we can deduct the sales tax of the supplies used?

April 1st, 2009

grace asked: We don’t have a record of the material cost since it was done by a builer. I guess my question is what can we deduct from having our house built on a loan aside from mortgage interest? We paid the bank 400 for “construction fee” and 200 for “origination fee”(they’re not stated on [...]

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Will I have to pay capital gains on a house I have owned since 1975 in California if I sell it?

February 28th, 2009

anynewideas asked: This house has never had a loan on it. I have not lived there for at least the last 5 years. I have rented it out for the last five years. I would not call this my primary residence (at least not for the last 5 years). Will I [...]

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Can a mortgage company file a 1099 when you are in default without a summary jugement?

October 16th, 2008

mexlin asked: We are residents of Texas and the property in foreclosure is in Delaware. Second mortgage holder is threatening to file a 1099.

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What precentage of mortgage interest is refunded in taxes

September 8th, 2008

TM W asked: So Far this year I have paid over fifteen thousand dollars in interest on my mortgage. Is there a certain percentage that is refunded when I do my taxes? Also, are closing costs refundable too?

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Why is my mortgage company not paying my tax bill when I have escrow?

June 15th, 2008

SJS asked: My mortgage company (CITIMORTGAGE) is not paying my tax bill. The money is in escrow, the error has been spotted and documented in a case number by customer service.
I paid the bill myself, because it is over six months late and I risked being put on the TAX SALE foreclosure [...]

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