FT.com
US expatriates and many foreigners living in the US risk penalties of at least $10,000 if they fail to report details of overseas bank and financial accounts to the US Treasury by Thursday.
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Reverse mortgage pros and cons (Greeley Tribune) If you're at least 62 and own a home with significant equity, you have an opportunity to turn that equity into tax-free cash without having to move or make a
Derry officials: Reverse mortgage not income (New Hampshire Union Leader) Reverse mortgage loans will no longer be counted as income for older residents seeking municipal tax breaks, the town's chief financial officer said yesterday.read more...
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Mortgage defaults on rise (Chicago Tribune) Increasing debt, interest rates and job losses blamed for spike in foreclosures Foreclosures on home mortgages are on the way up.
Squeezed by the mortgage mangle (The Herald) What a week it was. As the credit crunch morphed into the mortgage mangle, thousands of Scots whose fixed-term mortgages came to an end on March 31 really felt the
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