Search Results for: mortgage report

This article presents the tax reporting rules affecting the modification of a note held by a carryback seller and trust deed investor. No taxable disposition on modification A seller of real estate carries back a note and trust...

This article examines the use of the living trust vesting, which avoids probate supervision of a deceased owner’s estate, and distinguishes the living trust from other trusts. A review of vestings A broker is working with...

This article covers the use of depreciation allowances for tax reporting by owners of improved real estate, and the recapture profit tax on a sale for depreciation deductions taken during ownership. Cost recovery for improved...

This article sets out the enforceability of one party’s right to cancel a transaction when the other party fails to perform by an appointed date. Time is of the essence The short, seemingly harmless time-is-of-the-essence...

This article comments on the reasons for accepting an offer with little to no down payment, the presentation of the offer and brokerage fee aspects, and alternative structuring to generate cash. Minimizing the carryback risks A...