US housing market and its performance in 2012 Though the storms with regards to the housing market has still not cleared out and though the sky is full of storm clouds till now, a few silver linings have started to break out from the clouds. That is what most of the economists have to say. [...]
Archive for the ‘Real Estate’ Category
How Newt Gingrich Helped Steal the Average Joe’s Home
November 28th, 2011 
Elisheva Wiriaatmadja Minneapolis attorney and the owner of Butler Liberty Law, Bill Butler, recently wrote an article regarding an interesting version of the untold story regarding foreclosures in America. He believes that the whole foreclosure issue is a fraud that involved Newt Gingrich, U.S. Republican Party politician who served as the House Minority Whip from 1989 to [...]
Finding Apartments in Chicago
November 7th, 2011 Elisheva Wiriaatmadja The Loop is another name for downtown Chicago, which is dominated by high-rise buildings that makes up the famous skyline of Chicago. It is home to Grant Park, all the famous shopping districts, performing art centers, and Fortune 500 companies. Chicago’s government and the office of the Illinois governor is housed here. There are over [...]
IRS Issues New Guidance on Forgiven Mortgage Debt
March 16th, 2011 Elisheva Wiriaatmadja The US Internal Revenue Service has released a fresh guidance regarding how cancelled mortgage debts should be handled. This is in time for the upcoming tax season. The agency apparently realized the need to set things clear and straight especially because numerous homeowners have undergone foreclosure, short sales, or loan modifications during the onset of [...]
Posted in Real Estate 
Tags: mortgage, mortgage forgiveness, mortgage forgiveness debt relief act 
No Comments »Mortgage Debt May Be Forgiven
March 14th, 2011 Elisheva Wiriaatmadja (TheSpectrum.com) “If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income,” said Ken Hinton, partner with HintonBurdick CPAs & Advisors. Hinton continues by offering facts the IRS wants you to know about mortgage [...]
The Housing Market in 2011 – 4 Mortgage Trends to Expect
February 19th, 2011 Elisheva Wiriaatmadja The financial experts in the US have always suggested the borrowers to apply for a refinance mortgage loan when the time is right for them than attempt to time the housing market. While the risk takers can take the risk of waiting till the last minute and lock in at the lowest interest rate, most [...]
‘Saving’ the Housing Market
January 4th, 2011 Elisheva Wiriaatmadja “Housing Market Setback Forecast” the newspaper headline said. A recently released report on housing says that home sales are down more than 25 percent and the inventory of unsold homes is about 50 percent higher than it was the same time last year. This is just one of innumerable stories about the woes of the [...]
Real Estate 101: How To Profit from This Housing Crash
March 25th, 2010 Elisheva Wiriaatmadja After watching so many people losing their homes, their money and so many other things the past few months to a year, people are convinced that the best investment decision one can make in today’s recession is to stay away from the real estate market. Only a few people are financially intelligent enough to actually [...]
Before Refinance Market Dies, Should You Refinance?
March 12th, 2010 Elisheva Wiriaatmadja The end of March 2010, the Federal Reserve will stop buying mortgage backed securities and from that point on, mortgage interest rate will move up nearing 6% until the end of the year. Currently interest rate on a 30-year fixed US mortgage is 4.95%. Some homeowners wait and “gamble”, hoping for the interest rate to [...]
