Charitable gesture, such as when real estate is donated to a charity. The fair market value of the donated property may be tax deductible as a charitable contribution.
In taxation, the excess of total long-term gains minus total long-term losses on the sale of real estate. Long-term classification is for real estate held one year or more. This is reported ...
Two or more people have a legal duty that can be enforced against them by joint action, against all members, and against themselves as individuals. For example, a bank can require repayment ...
The number of days that the lender guarantees the loan's rate and terms. Without a written lock-in agreement, the lender is free to change the rate and terms at the time of loan closing. A ...
Deterioration in property resulting from its ordinary use and from the aging process. An examples an apartment building that physically deteriorates over the years. ...
One of the most important things whenever relocating to another area is to figure out if your finances will fit the expenses from the new location. When moving to Arlington, VA you have to ...
The city of Annapolis, MD is located on the Atlantic Coastal Plain and it is the closest state capital to the national capital of Washington D.C. The city has a population of about 40,000 ...
A proration is the division of certain fees. If the sellers have paid the taxes six months in advance, for example, they may want a portion of that payment back for the months you are ...
When you think of Orlando, Florida, first, the theme parks pop into your head, such as Universal Studios and Disney World. Did you know that 60 million visitors visit Orlando’s most ...
Here you are asking us: “Do I have a lien on my home?”
We don’t know. Do you?
Here are some of the reasons why one would have a lien on their home:
Defaulting.
...
Every city has its own charm and there is always something special that sets apart every state, region, or city. If you are coming to northern Virginia, there are definitely some unique ...
A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...
You came in here looking to find out what happens when a property starts to depreciate but the truth is that the question comes from a false premise because not all properties depreciate. ...
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