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Archive for February, 2009

Credit Card Mania
Most people know that a checkered credit history can disqualify you for a home loan, and maxed-out credit cards can do the same thing. But what most people don’t know is that merely having a large number of credit cards, even with low balances and a history of timely payments, can disqualify you [...]

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Capital Gains Exemptions
If you recently sold a home without meeting the basic ownership and use criteria for waiving capital gains tax, you might still be able to claim reduced exemptions if you meet certain other criteria.
Homeowners who had to sell because of a change in place of employment can qualify for reduced tax. You must [...]

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Senate passes $15,000 Home Buyer Tax Break
Link to AP article on Google News
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Adopted without dissent.  Maybe this one will go all the way and help the Real Estate industry get kick started.
Sen. Johnny Isakson, R-Ga., who advanced the home buyers tax break, said it was intended to help revive the housing industry, which has [...]

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