Showing posts with label Mortgage interest reduction. Show all posts
Showing posts with label Mortgage interest reduction. Show all posts

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




Tuesday, December 11, 2012

We need your help to keep the MID !!

Brought to you by  http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO    (619) 354-4636    Hugo Sanchez Realtor


Help us keep the MID we need all the help we can get: 

As the date is fast approaching we need your help to tell congress to help you and all of us to keep the MID   CAR (California Association or Realtors)     This could cost us all a fortune if congress does not Keep the MID !   



Background
Congress, as part of negotiations on avoiding the "Fiscal Cliff," has made direct references to "closing loopholes" and "limiting deductions" as a way to raise revenues. Clearly, the mortgage interest deduction is high on this list of revenue raisers.
Losing the Mortgage interest deduction will disproportionately affect the middle class because a larger proportion of the middle class takes the deduction. In California 89% of those who took the mortgage interest deduction earned less than $200,000. Losing the deduction would cost the average California taxpayer over $3,900.

Keep in Mind we all are in this together !!!  

What your family, friends and clients can do to help:
Call Congress. First and foremost, we are urging the public to get involved by calling Congress to ask that the mortgage interest deduction be preserved. The public may reach Congress by calling202-224-3121. The Capitol switchboard operator will help callers identify their member of Congress and connect them.

The public can reach Congress by calling 202-224-3121
Monday-Friday
from 9:00 am – 6:00 pm, Eastern time.

Get the word out. Many people seem to be blissfully unaware that their mortgage interest deduction is in danger. Please do the following to make sure that the message spreads.
  1. Forward this message to your family, friends and clients.
  2. Post this information on your personal and office websites and blogs.
  3. Share this information on Facebook and urge others to share it as well.
  4. Tweet about it on Twitter and urge others to retweet. Use the hashtag: #savethemid.
  5. Link to the following web page: KEEP MY MID. This site has information about contacting Congress, more information on the MID and links to articles.
  6. As you see new information and articles, share these on all your social networking sites.

If you’re a REALTOR®, please click here for information about responding to C.A.R.’s Call-for-Action   CLICK HERE TO RESPOND.
Thanks to everyone for your efforts in support of home ownership!




Thanks