Good news for homeowners underwater on mortgage! Per the IRS site, if you borrow money and the lender later cancels or forgives the debt, you may have to include the cancelled amount as income for tax purposes, depending on the circumstances. Yes, the debt forgiven by the lender might be taxed like ordinary income and this…
DetailsRemodeling? This new government rule may impact your wallet! A Senate Bill SB407, the new 2013 green code, goes into effect as of January 1, 2014. This new rule requires you to replace plumbing fixtures throughout your home if they don’t meet water-conserving standards. When do you need to do this? Whenever you pull a…
DetailsAll About Credit and Credit Scores Yesterday I sat in on a very informative meeting all about our credit scores and the things we can do to help increase our score as well as things that can hurt our score. I believe this is useful for all of us, especially for any buyer looking to…
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