In October a buy to let investor was sent to prison for failing to comply with new fire safety regulations. Mehmat Parlak was sentenced to four months imprisonment and his company, Watchacre properties limited, was fined 21,000 pounds following conviction for serious breaches of the Regulatory Reform (fire safety) Order 2005. The prosecution followed a [...]
Entries Tagged as 'Real Estate'
Alarm Bells Ring Over Fire Saety Rues for Landlords
Dec. 11th, 2008
Purchase Reverse Mortgages: Enjoying No Payments in 2009
Dec. 9th, 2008
Starting January 1, 2009, FHA will begin to insure reverse mortgage loans for purchases. What does this mean? Senior borrowers age 62 and over can now purchase a home using a reverse mortgage rather than a traditional forward mortgage. This is great news to seniors who have had a desire to purchase a new home [...]
Important 1031 Exchange Rules
Dec. 9th, 2008
Everyone knows if they have completed a like kind exchange that there are a lot of 1031 exchange rules that you must go by in the process. As with all tax-deferred methods it is absolutely essential that every rule is followed that the IRS requires to make sure that you get the most out of [...]
Questions About 1031 Exchange Properties
Dec. 9th, 2008
Who here has questions about 1031 exchange properties? Unless you have done a few of these exchanges I am sure everyone probably has quite a few questions so let us take a moment and talk about what is necessary when exchanging properties. Most importantly we want to make sure that we are protected from paying [...]
Ada County Tax Assessor Wrong Again – Taxes Go Up
Dec. 9th, 2008
Well, its that time of the year again. Everyone in Ada County will be receiving their tax assessment notice in the mail. When this should be the time of year spent with family, reflecting on the great memories made over the year and giving to people in need, we can not forget about the time [...]
Real Estate Caused The Economy Slow Down
Dec. 9th, 2008
Everyone knows the US economy is in one of the largest recession we have ever seen, except of course the great depression. If you turn on the news any time of the day it is one of the main stories talked about. Record job losses, record foreclosures, record bankruptcies for americans. One thing the press [...]
Oklahoma Real Estate: Founded on Oil and Freedom
Dec. 8th, 2008
The 46th state to join the United States (on November 16, 1907), Oklahoma is one of the youngest states in the nation. Its history, however, reaches well back before the American Indian, from whose Choctaw words “okla” (which means “people”) and “humma” (which means “red”) the state name is derived. The discovery of oil reserves [...]
Foreclosures Soar: Reverse Mortgages to Aid Distressed Seniors
Dec. 8th, 2008
According to the Mortgage Bankers association, there are now a record 1.35 million homes in foreclosure. The delinquency rates also rose to 6.99% which is up from 5.59% a year ago. Sub-Prime loans which started the real estate delinquency problems, are still leading the delinquencies at almost a 20% delinquency rate and also lead foreclosures [...]
Missouri Real Estate Covers More Ground Than Meets The Eye
Dec. 8th, 2008
Even though there are no tribes left in Missouri today, the state is actually named after a tribe of early Indians, called the Missouris. (The Indian word missouri is translated to: “town of the large canoes.”) Of course, there were other tribes living there in 1673 when Louis Joliet and Father Jacque Marquette began their [...]
Hattiesburg Real Estate — The Best of Mississippi
Dec. 8th, 2008
Small towns and the lifestyle afforded by them are still extremely important in the state of Mississippi, known as one of the most rural states in the nation. In fact, only about half of the state’s population lives in large cities like the state capital, Jackson, or Gulfport (a major shipping port). Hattiesburg, a small [...]