Real Property

Deeds – more information required in 2010

Posted on: December 3rd, 2009
Effective January 1, 2010, all new North Carolina deeds must contain the address of both the grantor and grantee as well as a statement indicating whether the property contains the primary residence of the the grantor. ...

Reverse Mortgages can be Hazardous to your Equity

Posted on: October 24th, 2009
The National Consumer Law Center has come out with a report detailing the risks of reverse mortgages for senior homeowners. Because of high fees, interest rates and other issues, I generally do not recommend reverse mortgages, although for some they may be the only feasible way to access cash....

I Inherited Real Estate – Where’s My Deed?

Posted on: October 6th, 2009
I often have clients ask about "getting a deed" when they inherit real property. My response is usually "you don’t need one." In North Carolina, in most cases, no deed is necessary to transfer and evidence ownership of inherited real estate. ...

A Short Story on Asset Protection

Posted on: May 21st, 2009
I had a new client come in yesterday, and we were discussing including asset protection in his estate plan. He mentioned he had recently been sued for lead paint related issues by the tenant of an older rental home he owned in another state....

Tax Credit Options for First-Time Homebuyers

Posted on: March 18th, 2009
First-Time Homebuyers Have Several Options to Maximize New Tax Credit WASHINGTON — As part of the Treasury Department’s consumer outreach effort and with the April 15 individual tax filing deadline approaching,...

Expanded Tax Break Available for 2009 First Time Home Buyers

Posted on: February 25th, 2009
From today’s IRS Newswire: WASHINGTON — The Internal Revenue Service announced today that taxpayers who qualify for the first-time homebuyer credit and purchase a home this year before Dec. 1 have a special option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year....
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