Category Archives: Mortage/ Finance News

Questions? Answers about Real Estate Finances.

Is this a Good Time to Buy a Home in the Tri-Cities?

If you watch only national news of financial turmoil and declining housing prices you may fear that this is not the time to buy a home. While that may be the case in other states, it’s not an accurate picture … Continue reading

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New tax credit for first-time homebuyers designed to boost home sales

By Paul A. Smith, TCAJoB Only July 30, President Bush signed into law a massive housing bill designed to stabilize failing housing markets across the country.  The highlight of the legislation is a $7,500 tax credit for “first-time homebuyers,” who … Continue reading

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Tri-City Home Sales Stay Steady

Mid-Columbia keeps national trend at bay Emma Kramer, 3, likes to talk about her family’s new house, particularly the room she’ll call her room. “She just wants to have a bedroom that’s purple,” said her mom, Tracie. The Kramer family, … Continue reading

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Mortgage Fraud

Financial crimes are one of the fastest growing areas of criminal activity in the United States and one of the fastest growing areas of financial crimes is mortgage fraud. Fraud involves two parties: one makes a false statement of fact … Continue reading

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Use your tax refund to buy a home

Even though the date for filing a tax return is past, many people file early because they are in line for a refund. And with the federal government finalizing the economic stimulus refunds, there is another check on the way … Continue reading

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IRS rule makes it easier to swap property! Limited personal use OK’d for homes in 1031 Exchange.

Limited personal use OK’d for homes in 1031 exchange By Tom Kelly, Inman News  The Internal Revenue Service has handed investors and second-home owners a new gift in the form of a safety net that provides a “safe harbor” for … Continue reading

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Local housing market is bright spot on realty redar!

If you’re planning a picnic on the Columbia River, you don’t check the weather forecast for Florida. Yet that’s just what some business reporters do when they’re describing the home market in Washington. Instead of information about our state’s home … Continue reading

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IRS rule makes it easier to swap property!

Limited personal use OK’d for homes in 1031 exchange BY TOM KELLY, WEDNESDAY, MARCH 5, 2008.  Inman News The Internal Revenue Service has handed investors and second-home owners a new gift in the form of a safety net that provides … Continue reading

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Springtime is here

Springtime is here and this is the time when a lot of people think about buying a new home. Before you start shopping there are a couple of things to keep in mind. First, call us at Distinctive Properties and we … Continue reading

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