Showing posts with label MID. Show all posts
Showing posts with label MID. Show all posts

Thursday, December 27, 2012

2012 is almost GONE!

Brought to you by   SANDIEGOHOUSESHOP.COM   (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor





So what’s happening next, 2013 is almost here!

Many people are talking about the Fiscal Cliff, also about the in MID and last but not least the debt forgiveness act.
According to the experts president Obama still discussing what it’s going to be done about the fiscal Cliff.  This week President Obama is addressing Congress. For more info  click here.



When he comes to the MID talks are still on the table with Congress are discussing perhaps an extension or a new more updated version of it. See below for report and also how to fix action.


The debt forgiveness act many talks have been around this particular topic because without it there chances that people will wind up owing money to the government because of capital gains. There is no reason why to worry yet because back in February Pres. Obama was trying to enact a new bill (FY2013) which integrated the debt forgiveness act as part of it, if this happens to pass then many things will be taking care of. Click Here for more info about the Bill.

In case you have any more questions feel free to contact us! 





Do you want to know the Short Sale Facts for Short ? 

HAFA program Explained? 

Do you Qualify for a Short Sale? 




Wednesday, December 19, 2012

Lets keep the MID a Call to action!

Brought to you by   SANDIEGOHOUSESHOP.COM   (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor





MORTGAGE INTEREST DEDUCTION

The question is whether it will stay or it will go? Many people leaves it to Congress and we think they will make the right decision for all of us!  But at this time government is neither pushing it nor ignoring the MID (mortgage interest redone deduction) and we don’t want Congress just sit on it and do nothing!  Many lawyers say “it depends”.  I would say no one really knows.  But if we don’t take action then we will deserve what we all get! 
As realtors this is very important and as a homeowner should be very important for you too.  The MID (mortgage interest redone deduction) is something you should take very seriously as a homeowner.
You may wonder how much money is involved. The cost to the feds in 2013 is around $97 Billion. 
The number one in size of deductions is California at around $18,000.00 the lowest state is Oklahoma with an amount of $8,000.00.   The Mid-America states are not as affected because they are able to use extended deduction.
At this point we ask you to take some time and urge you to call your representative in congress and let them know how important this decision on the MID (mortgage interest redone deduction)   is for you too!
Take the time make it count and if he you have any questions we are here to help you,  feel free to contact us at http://www.SanDiegoHouseShop.com/contact