Recently, sales of foreclosed properties have been slowing down for banks, who are trying to get rid of these properties. This is particularly true for Wells Fargo and CitiBank. These is because recently there have been many scandals with lending institutions, particularly with “robosigning”. This has led the government to enact more reforms so they can control this new trend.
This can be great because they add another layer of glass to older windows and increased reinforced. In addition, newer styles come with double paned glass with an e-coating that allows for more energy conservation.
Foreclosures have been plaguing the country particularly since the housing bubble burst. Some states are more severely affected than others. These five states are Nevada, Ohio, Maryland, Florida and South Carolina. The situation may look bad for them now but things will improve as the economy gets better.
When people invest in real estate, they may be eligible for certain tax exemptions from the IRS. The main is called the 469c tax exemption and this is one of the biggest. To claim eligibility, someone must show logs of real estate investment to the IRS to claim that you materially invested in their property or property for a certain number of hours.
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