Types Of Bankruptcy

Buyers may get higher mortgage rates (Boston Herald)  The weak housing market has been great news for home buyers, but some purchasers will soon see an unexpected downside: higher mortgage rates. Soft home prices have prompted industry giants


UK Raises Interest Rates, ECB Holds Firm   "Furthermore, there is still a risk that pay could move significantly higher over the coming months, even though wages have remained broadly contained so far" The Bank of England


FG Begins Reform of Mortgage System (This Day)  The Federal Government has said it has embarked on reform of its mortgage system, to make it more effective and result-oriented in tackling Ngerians growing housing needs.read more...


Pic Homeowners receive flags  Just in time for July 4 USDA Rural Development Corporation State Director Tim Ryan presented an American flag to Raigen Mendenhall last Friday morning.read more...


Did Authorities Miss a Chance To Ease the Credit Crunch?  Authorities launched inquiries in 2005 over Bear Stearns mortgage pricing but dropped them, perhaps missing an early pass at troubles now facing Wall Street. read more...


Easing of building inspector workload approved  The Clark County Commission on Tuesday moved forward with a controversial plan to ease the strain on overworked county building inspectors by shifting some of their work to private companies.read

July 20th, 2007

Vacation Home, Rental Property or Both?

Q: Our principal residence is in the District, and we have a second home in Delaware. I know that when we sell our principal residence, we will be eligible for the exclusion of tax on up to $500,000 of the gain.

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