Brian Jannone's (brianjannone) Blog

            In a time when we need incentives to help move the real estate market, New Jersey chooses not to, by eliminating property tax deductions on next years’ state income tax filing.             As most in New Jersey are aware Governor Corzine is temporarily eliminating the property tax ded...

    A first time homebuyer can treat a purchase in 2009 as a occurring on 12/31/08 and amend their 2008 return. Especially good if 2008 was a lower income year, according to Tom Hacker of Hatcher, Kroll and Company, P.A. (thacker@hackertrollcaps.com). Case in point: If a substantial raise in sala...

          A free program developed by several state agencies is geared at assisting New Jersey homeowners facing foreclosure. This outreach program is disturbing resource information which offers free housing counselors, free legal assistance and mediation. The brochures are offered in both Engli...

  The tax credit has helped spur the first-time buyer or low-end housing market. It appears our strongest sector of housing sales is in the sub-$400,000 price range. Homes are selling within 5% of the listing price.   The mid-housing market appears alittle slower but sales are occurring. Many may...

  In the midst of an economic crisis where households are struggling just to get by each day and where the state of New Jersey keeps cutting funding to our schools and municipalities, our Trenton lawmakers want to now take away our ability to deduct our property taxes on our state income tax fili...

            They increased the first-time buyer tax credit from $7500 (to be repaid) to $8000 (not to be repaid) under certain conditions. What they had initially was a $15,000 home buyer tax credit for anyone purchasing a principal residence. Now that would have opened the floodgates and moved s...

  Tax Credits the way to go in simulating our economy?             Tax credits are incentives which will motivate all of us to stimulate the economy.             We now have a first time buyer tax credit of $8000. Why not open that up to everyone who buys a principal residence?             What a...

Consider shortening the time (or establishing special loans) for individuals of foreclosure and/or bankruptcy to buy a home or auto again.             Unfortunately, foreclosure and even bankruptcy have become rampant in this country. Many individuals, by no fault of their own have fallen prey to...

With interest rates at an historic low and possibly dropping even further there is no better time to refinance your current home, upgrade to a better home, make that first purchase or make the reinvestment in a vacation or second home!               When you figure in the negotiability of already...

              The first half of the $700 billion TARP (Toxic Asset Relief Fund) was released under the prior administration and without proper limitations. It was basically used to prop up banks through preferred stock purchases. However, The Obama Administration is looking to place limitations o...