A compilation of interesting articles I ran across...
Facing a Loss at Sale? Consider the Tax Benefits of Becoming a Landlord
This Q&A explores the potential benefits of turning your home into a rental property to maximize your tax benefit.
If you'll be away this summer, your vacation planning needs to include some time and effort to make sure your house and possessions will be secure in your absence.
NAACP Suit Alleges Lenders Discriminated Against Blacks
The NAACP sued a dozen mortgage lenders claiming the companies discriminated against blacks by steering them into higher interest, subprime loans while giving more favorable loan terms to white borrowers.
When New Building Dries Up Resources
Like other fast-growing areas across the country, Effingham had to learn that large-scale expansion often comes at a price. In the county’s case, it was the long-term integrity of the vast underground water supply that serves it as well as other major areas in the South.
“The prevalent mentality that natural resources have no end has come to an abrupt halt here,” said John A. Henry, chief executive of Effingham’s Chamber of Commerce and Economic Development Authority. Because overuse of its wells could draw in saltwater, the county can no longer rely solely on the wells for business and residential use, he explained, and it has been buying water from Savannah for the last five years.
2,200 to get Reprieves on Foreclosure
Fremont Investment & Loan yesterday agreed to postpone foreclosure proceedings against 2,200 Massachusetts homeowners after state officials determined the lender gave subprime mortgages to borrowers who could not afford the loan payments.
Getting Away by Pressing the 'Up' Button
OF course, the whole idea of having a second home is to get away from it all. For most people, that involves a plane or car trip to some unspoiled corner of nature. Others, however, just take the elevator.
Turn off all the lights in your house at night and wander around. You'll be amazed at how many devices continue to glow. Utility executives call it phantom load, the electricity that flows to devices that are turned off but still drawing power. A microwave with a clock that's on 24 hours a day. A TV that's not on but continuously consuming electricity so it's ready when you hit the remote's "on" button. Wireless phone chargers that keep drawing power even when no phone is plugged in.
Building a Pool Can Mean Taking a Bath
The surprising reality that your pool may only be worth pennies on the dollar when it comes to the value of your home.
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