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Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. What's on your mind? What's on your mind? Make an announcement, speak your mind, or sell something
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Heidi Keyho April 18, 2012 at 02:47 pm
Hi Jim...great post. One point-blogging isn't just in the "young" professional domain.Read More "Experienced (read-older)" professionals also think it is a great tool. :) Keep on blogging!
Lisa Baumann (Editor) April 18, 2012 at 04:08 pm
Heidi - I hope you are not referring to yourself as older! But, I would agree, it's good for all toRead More learn about and embrace new ways of communication.
Kevin Wetherille January 25, 2012 at 02:27 pm
One addition to this excellent post: There are also often possible tax consequences associatedRead More with a short sale. If a bank agrees to sell a home for less than what the homeowner owes on the mortgage, under the IRS code, the bank is required to issue a 1099-C (debt cancellation income) to the homeowner. This can be a frightening sight in the mail for the homeowner who thinks selling on a short sale gets them "out of the soup." However, 1099-C income on a primary residence may be excluded from taxable income, depending on your situation. If the home is a rental home or second property, the forgiven debt that the owner receives a 1099 for is taxable. This can result in large tax bills for the selling homeowner months after the sale is completed. The best advice is to see your accountant and talk to an attorney before closing on a short sale of real estate you own so you understand all of the consequences of the transaction. Often times, the attorney or accountant can work with the tax authorities to set up a plan to pay the owed tax on the 1099-C income (if there is any) that won't put the taxpayer at further peril. Finally, bankruptcy also has special ways to handle 1099-C situations that are too intricate for a blog post, but may be worth exploring with an attorney. Kevin Wetherille Attorney at Law
mathew gotay November 5, 2012 at 02:42 am
you are crazy no one would kick in a door to say hi or to take a nap if you kick in a door youRead More intend on doing something illegal I'm not just going to stand there and watch you if i need to protect my home then I'm going to do it with out a second thought I'll deal with the cops and the law after my uncle is a cop and I've heard story about home invasions where you couldn't even see features of the face they where beaten so bad