No tax deduction if you don't pay the mortgage (Reno Gazette-Journal)
Story date: 2007-10-01 03:38:15
Added on: 2007-10-01 17:00:15
DEAR BOB: I am planning on selling my home and buying another. My daughter is willing to move in with me. I would like to add her name to the deed so she can deduct half of the home's mortgage interest and property taxes on her income tax each year. Can this be done if I add her to the deed but not to the mortgage? -- Shirley McW.
Read more...
Related Stories:
-
Expert: Steve McLinden (Bankrate.com)
Dear Steve, When is an interspousal deed used? -- Yadi Dear Yadi, You are referring to an interspousal transfer deed, also called...
2008-04-06 04:34:17 -
More homeowners are just walking away from their mortgages
Sacramento Bee - In a short sale, the lender allows the home to be sold for less than the amount owed on...
2008-03-10 12:33:00 -
Quitclaim doesn't change mortgage (The Charlotte Observer)
Q: If someone does a quitclaim, how long does it take for you to completely be on the loan and the...
2008-05-02 11:08:11 -
Inherited House Poses Numerous Questions
Washington Post - Only his name is on the mortgage and deed because she was not working and is retired. They both...
2007-11-09 01:10:00 -
Quitclaim deed is crucial in this case (Everett Herald)
Question: I was reading your recent article on quitclaim deeds. It sounds fascinating and a little confusing. My scenario is a bit...
2008-01-13 12:22:12 -
Sponsored By: (Fernandina Beach News-Leader)
NOTICE OF APPLICATION FOR TAX DEED NOTICE IS HEREBY GIVEN that MARS 1 LLC, the holder of the following certificate(s) has filed...
2008-04-05 07:13:19 -
Sponsored By: (Fernandina Beach News-Leader)
NOTICE OF APPLICATION FOR TAX DEED NOTICE IS HEREBY GIVEN that CABERNET I, LLC, the holder of the following certificate(s) has filed...
2008-08-16 07:34:52 -
3 men charged in senior citizen deed frauds
Detroit News - We will work it out with the mortgage companies." According to Hammoud and Worthy, Wayne County has prosecuted 45...
2007-09-24 10:43:00