/her primary residence. Homeownership gives the owner a stake in his/her neighborhood or town's long-term stability, as we as a significantinvestment. The U.S. federal government thus attempts to encourage homeownership by allowing owners todeducttheintereston theirmortgagesfrom theirtaxable income....
Internal Revenue Service (IRS), which exempts taxation of the income from private parking lots and a beach club of the Ocean Pines Association (OPA). It notes that the court gave the exemption since the income received from the operation was unrelated business taxable income (UBTI). It ...
At the same time, a new agency, the Government National Mortgage Association (Ginnie Mae), was created to continue purchasing and securitizing loans insured by the FHA and the VA. Fannie Mae still retained ties to the federal government due to the federal government's implicit guarantee of ...
These may include, but are not limited to: Banks or other Lenders Realtors Short Sale processors/negotiators Title Insurance/Closing Companies Attorneys-with an additional authorization document Utility Companies involved with your transaction Home Owner's Association ...