NEW YORK (CNNMoney.com) — More than 1,200 prison inmates, including 241 serving life sentences, defrauded the government of $9.1 million in tax credits reserved for first-time homebuyers, according to a Treasury Department report released Wednesday.
Treasury’s inspector general also found that thousands of people filed multiple claims or made claims outside the allotted time period. In […]
Author Archives: bwaun
Prisioners Get Homebuyer Tax Credit
June 24, 2010 – 8:35 am
US Housing Hooked on Tax Incentives
June 23, 2010 – 7:55 pm
The tax incentives went away in April, and so did the housing buyers. Are Americans already addicted to tax bene’s to justify making a housing purchase? This is how market economies are transformed to rely on the support of the Government.
This is an unhealthy development for housing, and since the Congress is debating extending the […]
Housing Tax Credit to get Extended?
June 23, 2010 – 7:33 am
This from Nick Wuest of Bankers Home Loan:
“I’ve received some calls on whether or not the Tax Credit Deadline has been extended. So far it looks highly likely that this will occur, but it has not officially been extended.
The Senate has approved the proposal to extend the deadline to Sept 30th, but ‘For the amendment […]
How to Steal a (Condo) Hotel
June 21, 2010 – 7:18 pm
There is a theft of property going on around America today. Real estate values are being depressed even further by legal manipulators of condo home owner’s associations (HOA). High-jacking a HOA is an inexpensive way to crush a project’s value.
Who wants to buy into a condo project where the owners are fighting, or are in […]
W South Beach - one of the “winners”
June 21, 2010 – 5:48 am
There are a lot of Condo Hotel projects in trouble in America today, but W South Beach is doing better each day. The project was well conceived and has a loyal following… it has become a SoBe hot spot. They have been selling 6+ units a month, which is slower than anyone would like, but […]
