There has been a lot of recent news regarding 1031 Qualified Intermediaries (QI)and the fact that some some them have lost their clients exchange money. The basic issue is that these companies are not currently regulated by anyone. Some of the QIs invested their clients funds in not so safe investments and the money was lost in […]
Archives for December 2008
Interest Rates At the lowest point in years
You’ve probably been hearing speculations in the news about crazy low interest rates which may or may not happen and even if they do get into the “4’s”, those rates will most likely be for new purchases only. What we DO know is what rates are today and they are ridiculously low!!! The lenders who […]
Fall Forecast Report
RE/MAX of Boulder, The Colorado Group and The Boulder County Business Report hosted the first annual Real Estate Conference and Fall Forecast at the CU stadium Club Level on November 20, 2008. Some of the most exciting news came from Tracy Harlow from Conoco-Phillips. Tracy said the Louisville site is planned to be a “signature site”. They really want […]
First Time Home Buyer Tax Credit
The Housing Assistance Act of 2008 provided for first time homebuyers a temporary refundable tax credit equal to 10% of the purchase price of a home, up to a maximum of $7500. However, if a taxpayer’s adjusted gross income is in excess of $75000 ($150000 for a joint return) the credit will be phased out. The […]
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