The Federal return asks for the Asset Sales Price and expenses and also the land sales price and expenses. Should enter the actual sale amount or the amount I received after paying the mortgage I owed?
Tag Archives: amount
I sold some rental property in Jan 06. Now that it is tax time I need to some help with filing?
Posted in Land For Sale
Tagged amount, asset sales, Federal, filing, help, Jan, mortgage, price, Property, rental property, return, tax, tax time, time
Is it fraud if someone signs a real estate sales document as a single person when they are actually married?
The specific circumstances are: a wife sold her house to her husband for a small amount of money, but they both signed the sales paperwork as single people and she signed her maiden name. Is this fraud and who would this be reported to if so?
They were legally married at the time, verified by copy of their marriage certificate and license. Also, she had legally changed her name prior to the sale of the house.
This took place in Florida.
The house was sold by the wife to the husband for $10.00. Yes, thats ten dollars.
Just FYI, I’m not the ex-husband… just a curious third party that heard about the situation, wondered if it was legal, and don’t know anyone that could answer the question.
Posted in Homes For Sale
Tagged amount, amount of money, circumstances, document, Estate, fraud, house, husband, maiden name, money, paperwork, Person, real estate sales, SIGNS, someone, wife
Should I refinance my home?
I refinanced it a year ago…so now my loan amount is 219,000 and my property is valued at about 450,000. I have a 3 yr prepayment penalty with my current mortgage that i might be able to get out of. Should I refinance before the rates really start to go up?
Posted in Mortgage Tips
Tagged amount, current mortgage, Home, loan, mortgage, penalty, prepayment, prepayment penalty, Property, should i refinance my home, year
Need help putting together purchase agreement for a house. For sale by owner. How do I create?
I am the buyer, seller has to net a certain amount. The house is worth more than we are paying. We are required to put 15% down. Looking for a creative way to write up the contract where the seller nets what he wants and we can minimize downpayment.