1) You cannot file electronically, that is, you can use the electronic forms, but they must be printed out and mailed in with the proper documentation 2) Include new IRS Form 5405 http://www.irs.gov/pub/irs-pdf/f5405.pdf 3) Supply required documentation such as Proof of Residency, Settlement Shee
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02/15/2010
I welcome your referral, if you or someone you know is looking for a highly motivated, qualified realtor to assist them with their home purchase and/or sale, please consider me. I work diligently with a very high sense of integrity, honesty and determination. I am also happy to supply a number
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02/13/2010
I am seeing more and more duplex, tri-plexes and four-plexes that have a notation in the multilist that showings are not allowed,until a contract is accepted. So the seller expects a buyer to write on a property, which they have not even seen yet? I find that very strange. Granted the buyer ca
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02/11/2010
I was talking with my buyer the other day, who is about ready to close on a property. The property which he is purchasing is a foreclosed property, now lender owned. He ordered new applicances to take the place of the appliances which were missing (you know how lender owned properties can be).
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02/11/2010
Wow, what a day. I was supposed to close on a deal tomorrow and now it is delayed because the FHA Amendatory Clause form was not fully executed by all parties PRIOR to closing. The buyer's lender says that this form has been around for a long time, but now with the new HUD guidelines, this form
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02/09/2010
A recent Fox News story says "yes". They say that the main factor in this new wave will be the high rate of unemployment. It was also stated that commercial real estate is now in trouble and a very high rate of foreclosures in that market is also imminent. It was aired on Feb. 1st and the enti
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02/04/2010
Remember to check on deductions you may get on your taxes, if you purchased or refinanced in 2009. Supply your accountant with a copy of your Settlement Sheet from your closing or check with the IRS if doing your own taxes.
02/03/2010
Financing is not easy to obtain in today's market, so I always request that the buyer speaks with a lender and at a minimum, get prequalified. This can be done with only a phone conversation. It's frustrating both for the buyer and for the agent to show properties that the buyer obviously will
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01/30/2010
The National Association of Realtors suggests that a few low cost kitchen ideas can sell a home quicker and for considerably more money. These include cleaning out the cupboards, which will make them look more spacious, because buyers DO open the cabinets. Just oiling the outside and adding kno
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01/30/2010
The extended tax credit is extended to present homeowners. For complete details on who is eligible, go to the federal website at: http://www.federalhousingtaxcredit.com/faq2.php#1 Present homeowners must have owned and resided in the same home for at least 5 yrs. out of the past 8 yrs. and they
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01/27/2010
