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Month: October 2022

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What's a Secondary Mortgage?

October 31, 2022 Aved1961

In many cases, the initial creditor that funds your home mortgage and receives the monthly obligations sells your promissory note to an investor in the secondary mortgage marketplace. The creditor continues as a servicer, without changing the conditions of your Read More

Eclectic Homes

What Is Needed for Insurance in a Condominium Community?

October 26, 2022 Aved1961

In many situations, a condo association will require each unit owner to purchase a set minimum insurance policy. When a property doesn’t have a specific insurance requirement, an owner can evaluate his unit and possessions and evaluate policies to find Read More

Eclectic Homes

The Tax Effects of Foreclosure

October 22, 2022 Aved1961

At a foreclosure, the lender can make a profit or it can take a loss, depending on whether the home sells for more than the outstanding loan amount. Either way, there have been taxation ramifications for the previous homeowner, even Read More

Eclectic Homes

Home Equity Explained

October 14, 2022 Aved1961

Most”homeowners” don’t have their homes outright. They borrowed money to buy them and as long as they’re still paying the mortgage off, they’re co-owners of the property with their lender. The homeowner’s talk of the house is called”equity.” In other Read More

Budgeting Your Project

Tax Breaks for Foreclosures

October 10, 2022 Aved1961

The IRS viewpoints any debt payable by a creditor –which frequently takes place when a foreclosure sale does not pay for the mortgage balance–as taxable income. Any capital gains on the foreclosure sale price may also be taxed–whether the selling Read More

Budgeting Your Project

Guest Groups: Put a Cork in It

October 5, 2022 Aved1961

Discover all the wonderful uses for freshwater and products which are created from it. Cork is an impermeable, buoyant, fire-resistant, sound-dampening and ecofriendly bark that is discovering a new recognition in today’s modern design. Read on for particular ways to Read More

Eclectic Homes

Say Aloha to Tropical Beachside Splendor

October 1, 2022 Aved1961

Kukio is an exclusive high-end development situated on the stunning lava-rock-strewn Kohala coast in Hawaii. Billionaires Charles Schwab, George Roberts and Michael Dell are still just a couple of individuals said to become residents of the area. When a real Read More

Fireplaces

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