The IRS has created a new "safe harbor" that allows vacation home owners to exchange their mixed-use properties and still receive 1031 treatment. Here are some of the rules you must follow for this exchange, reports Smart Money.
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WSJ reports that the good side of the real estate crisis is that it allows some people to buy houses and become homeowners.
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Land contract or Contract for Deed means a contract whereby the owner or seller of the real estate property finances the buyer to purchase of the property.
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Unusual weather patterns and problems in the subprime lending marketplace are creating challenges in assessing housing market conditions, but a recovery in the housing and real estate markets is likely this year, according to the latest forecast by the National Association of Realtors®.
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New Century Financial Corporation (NYSE: NEW), a mortgage real estate investment trust (REIT), today provided updates on its production and financing, recent underwriting changes and February 2007 loan production data. Additionally, the company announced the resignation of a director from its Board of Directors.
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