When entering into a 1031 exchange one often does not consider the ancillary costs that come with closing the transaction. Often the assumption is made that these costs will be subsidized by the 1031 exchange proceeds. However, while some of these costs certainly can be bankrolled by the tax deferred exchange, some cannot. Knowing how … Read more
The new housing plan announced by President Obama last week has two main parts. First, there is a billion loan modification plan and, second, there is a program that helps borrowers who are not in danger of defaulting refinance their mortgage. These are some of the key questions to ask to determine if you … Read more
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