Home |
Search |
Today's Posts |
|
Woodworking (rec.woodworking) Discussion forum covering all aspects of working with wood. All levels of expertise are encouraged to particiapte. |
|
LinkBack | Thread Tools | Display Modes |
#26
Posted to alt.home.repair,rec.woodworking
|
|||
|
|||
OT Survey
On 5/1/2012 4:50 PM, HeyBub wrote:
Doug wrote: On Tue, 01 May 2012 13:07:19 -0700, wrote: On Tue, 01 May 2012 12:47:34 -0700, wrote: I'm facing the same question, whether I can or should sell a house in this awful market or try to rent it out to carry for a couple of years, and if so just what to include. Become the banker. Sell the cabin to the renter. If you hold the paper know when to foreclose. As long as you know that a bankruptcy can stop a foreclosure dead in its tracks (well at least in Texas). Going thru this now for the 2nd time on a house I hold the paper to. In Texas, a homestead declaration can protect a home from seizure in bankruptcy or other debt, with three exceptions: 1. Taxes, 2. A loan to BUY the property, 3. A loan to IMPROVE the property. Florida has the same or similar protections. I don't know about other states. Very important for seniors and disabled. Remember to vote AND look for this on the ballot. You MUST vote in May to keep the Homestead tax cap for 65 and over, even if you are not 65 yet. If you are a Texas homeowner then this is important to YOU, no matter what your current age, or if you are disabled or not. It WILL BENEFIT YOU in the future. It is also very important to your relatives/friends who are in one of these groups already. If you agree, please pass along to all on your TEXAS Residents email lists. I am sending this email to everyone on my email address list who lives in Texas. I want to be certain you are aware of a constitutional amendment that will be on the ballot at the May election. It is an amendment to correct an error made by the lawmakers when they voted for a reduction in school property taxes in 2005. When the lawmakers voted for a one-third reduction in school property taxes beginning in 2006 and to be completed this year, they FORGOT about the Homestead Exemption for senior citizens (65 and older) and people with disabilities. The state constitution caps school property taxes for homeowners 65 years and older and those who are disabled. However, they DID NOT get the same reduction when the property tax cut for schools was voted on two years ago. So an amendment is on the May ballot to correct this error. |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Survey | Home Repair | |||
TELL ME ABOUT YOURSELF - The Survey | Electronics Repair | |||
TELL ME ABOUT YOURSELF - The Survey | Home Repair | |||
survey help please | UK diy |