Monthly Archives: March 2018

Home Equity Loan Tax Deductions Under 2017 Tax Law

Major question: How will “when the proceeds are used to substantially improve their residence” is defined in IRS guidelines? One of the most misunderstood provisions in the new tax law expires in 2026 and prohibits the deduction of interest paid … Continue reading

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Escalation Clause…no..not a Mortgage Clause…A Real Estate Contract Clause

For home buyers locked in a heated bidding war, there is one weapon that may help ensure victory: an escalation clause. Simply put, the prospective Buyer places a clause in the offer that if any other Buyer places a bid … Continue reading

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