The Most Overlooked Homeowner Tax Breaks

Regardless of the current state of our economy and the housing market, buying a home is still a great investment. However, the resulting taxes that accompany owning a home can lead to confusion and uncertainty.

In most cases, you need to itemize your taxes in order to take advantage of all the tax breaks that accompany home ownership. This might seem overwhelming, but the benefits of completing this process make up for the inconvenience.

Homeowner Tax Breaks:

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Home Owners: How to Protect Yourself from a Personal Injury Suit

Home Owners: How to Protect Yourself from a Personal Injury Suit

Remember in Liar, Liar when Jim Carrey’s secretary irately recalls how her friend had a robber in her house who sued her friend because he fell on a table and injured himself?  It seems crazy that someone trespassing on your property could turn around and sue you for injuries they incurred while illegally on your property; but instances like this aren’t unheard of.  Whether you’re throwing a dinner party or have workmen in your home, you need to take the following steps to protect yourself from being involved in a personal injury suit.

  1. 1.     Know Your Obligations

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DO YOU KNOW WHO REALLY OWNS YOUR MORTGAGE?

Do You Know Who Really Owns Your Mortgage?

While watching 60 Minutes tonight I was shocked by a segment that was called “Mortgage mess: Who really owns your mortgage?” This piece was narrated by Scott Pelley.

The segment was about  An epidemic of forged and missing mortgage documents.

“As it turns out, Wall Street cut corners when it bundled homeowners’ mortgages into securities that were traded from investor to investor. Now that banks are foreclosing on people, they’re finding that the legal documents behind many mortgages are missing. So, what do the banks do? As Pelley explains in this video, some companies appear to be resorting to forgery and phony paperwork in what looks like a nationwide epidemic.”  Some of the banks names are Wells Fargo, Bank Of America and many others.

Do You Know Who Really Owns Your Mortgage?  If you have a mortgage on your house you must VIEW THIS VIDEO!