Black & LoBello on AM720 KDWN
Listen to the Legal Hour on KDWN AM720 from February 22nd, 2012 in which Managing Partner, Tisha Black Chernine, Esq., discusses the Multi-State Settlement (2:00), how mortgage modifications work (5:12), tips for dealing with banks (12:00), escrow impound accounts (18:30), what happens to a property and the mortgage after death (23:00), what happens to debt after death (25:20), how […]
Tisha Black Chernine on Face to Face
Tisha Black Chernine, Esq., was interviewed by Jon Ralston on “Face to Face” and discussed the problems with the new Multi-State Settlement with the big banks. Click here to watch the episode.
Las Vegas Home Prices Continue To Fall
Unfortunately, Las Vegas home prices bucked the national trend by falling in May according to Standard & Poor’s monthly S&P/Case-Shiller Home Price Indices report. Prices in Las Vegas fell 0.5% from April to May and were off 6.5% compared to May 2009. As for the rest of the country, home prices in May in the […]
President Approves Extension of Tax Credit Deadline
On Friday, July 2, 2010, President Obama approved the home buyer tax credit extension for more than 180,000 American homebuyers who were at risk of losing tax credits totaling up to $8,000. These qualifying homebuyers were under contract for a home on or before April 30, 2010 and originally had to close no later than […]
Home Buyer Tax Credit Extension Passes
The Senate unanimously approved a bill that creates a three month closing extension for the home buyer tax credit. In summary, the home buyer tax credit extension gives borrowers until September 30, 2010 to complete the sale of the property if the deal was in escrow before the deadline of April 30, 2010.
Claiming the First-Time Homebuyer Tax Credit
Claiming the First-Time Homebuyer Tax Credit on your 2009 tax return might mean a larger refund but it can seem complex. Here are five tips to clarify the documentation requirements: Settlement Statement: Purchasers of conventional homes must attach a copy of the Form HUD-1 or other properly executed Settlement Statement; Properly Executed Settlement Statement: Generally, a […]
First-Time Homebuyer Credit
If you purchased a home in 2009, or the first four months of 2010 and are a first-time homebuyer or a long-time resident purchasing a new home, you may be eligible to claim the First-Time Homebuyer Credit. Here are five key factors to consider when claiming the tax credit: You must enter into a binding […]
Residential Purchase Volume Increases Due, in Part, to Tax Credit Soon to Expire
The Pending Home Sales Index (PHSI) is an index created by the National Association of Realtors (“NAR”) to measure housing contract activity, which is released the first week of each month. PHSI analyzes the relationship between existing home sale contracts and transaction closings over the last four years. As of September 2009, contract activity for pending […]
IRS Prosecutes First-Time Homebuyer Credit Cheats
The Internal Revenue Service announced on July 29, 2009, its first successful prosecution related to fraud involving the first-time homebuyer credit (FTHC). On its website, the IRS warned taxpayers to beware of this type of scheme. On Thursday, July 23, 2009, tax preparer James Otto Price III, from Jacksonville, Florida, pled guilty to falsely claiming […]