The ABCs of FIRPTA

COMMERCIAL OBSERVER The ABCs of FIRPTA BY LAUREN ELKIES SCHRAM JAN. 20, 2016, 11:15 A.M. We all know that foreigners have been snapping up real estate in the United States for a while, but are they taxed the same way? Since the introduction of the Foreign Investment in Real Property Tax Act, called FIRPTA, in 1980, Congress has had a way to tax foreigners ...

What they’re reading now

By: Adam Warner November 1st, 2015 Insights from the desks of Richard Grossman, Steven Hidary and Bertrand de Soultrait Richard Grossman Executive vice president and senior managing director, Halstead Property What book did you recently finish? I recently finished “The Three Laws of Performance” by Steve Zaffron and Dave Logan. What spurred you ...

Tips for Tax-Savvy Homeowners

By Anya Martin October 7th, 2015 With nearly three months left in 2015, jumbo-mortgage borrowers can make tweaks to cut their tax bill in April Illustration: Chris Gash Autumn chores: raking leaves, weatherproofing, storing the patio furniture and preparing for next year’s tax returns. With nearly three months left in the year, jumbo-mortgage ...

What to Know About the New Mortgage Forms

New rules help borrowers compare home loans and see the total cost before closing Illustration: Chris Gash By: Anya Martin September 30th, 2015 Mortgage borrowers should find it easier to compare different loan products and understand the total cost of their loan under new rules that take effect Saturday. The changes are part of the Consumer Financial ...

Love It and Lease It: Rent-to-Own Luxury Homes

By: Anya Martin September 9, 2015 Signing a lease option helps jumbo-mortgage borrowers save for a higher down payment, get their credit history in order and lock in on their dream-home purchase Illustration: Chris Gash A rent-to-own luxury home may help potential homeowners buy some time before it’s buying time. For potential jumbo-mortgage borrowers, ...

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How Much Home Can You Buy With Your Income?

Miller Samuel President and CEO Jonathan Miller discusses the U.S. housing market. Bloomberg Intelligence’s Carl Riccadonna also speaks on “Bloomberg Surveillance.” (Source: Bloomberg)    

Solid gains in home values mean more homeowners could face a hefty tax when they sell. Keeping track of home improvement costs could help defray that tax.

By:  Robert Neubecker June 5th, 2015 The New York Times A tax time bomb is ticking for an increasing number of people who have been lucky enough to see big gains in the values of their homes.  This is especially true in and around cities like New York, Los Angeles, San Francisco, Boston and San Diego, where home prices have increased smartly over ...

Consider Cash When Buying a Vacation Home Overseas

Consider Cash When Buying a Vacation Home Overseas U.S. residents buying vacation homes overseas may find that financing their slice of paradise isn’t so dreamy. By: Anya Martin April 1st, 2015 The Wall Street Journal Breathtaking ocean views, a five-minute walk to the beach, and regular sightings of toucans, iguanas and sloths— Todd Harris and ...

Tips for Homeowners to Ease the Tax Bite

Tips for Homeowners to Ease the Tax Bite In addition to deducting interest payments, homeowners can use these strategies to reduce their taxes By: Anya Martin March 4th, 2015 The Wall Street Journal Jumbo borrowers enjoying low, low interest rates may have a bitter pill to swallow come tax time: The IRS limits the deduction on interest payments for ...