Kansas City Real Estate » foreclosure http://remax-best-kc.com/blog/Terry Inquire.............Listen.............Solve.............. Wed, 03 Feb 2010 22:57:43 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Not too late to get $8,000 Tax Credit in Kansas City http://remax-best-kc.com/blog/Terry/2009/11/20/not-too-late-to-get-8000-tax-credit-in-kansas-city/ http://remax-best-kc.com/blog/Terry/2009/11/20/not-too-late-to-get-8000-tax-credit-in-kansas-city/#comments Fri, 20 Nov 2009 14:35:23 +0000 Terry http://remax-best-kc.com/blog/Terry/?p=404

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Wow here is what you need to know Go HERE to Kansas City Real Estate to Learn More! If you thought you could only buy if you hadn’t bought real estate before or if you thought the tax credit ended on November 30th,2009.  Think again, because you now have until April 30th, 2010 to be under contract and until June 30th, 2009 to close!!   Members of the military, military intelligence and foreign service who are on qualified extended official duty are not subject to the recapture fee and individuals who have been deployed overseas for 90 days or more in 2008 or 2009 can claim the credit through April 30, 2011!!

The $8,000 first time Homebuyers Tax Credit creates a new $6,500 tax credit for homeowners buying a new home by July 1, 2010. The homebuyer tax credit expansion measure includes these provisions:

• Extends
• Homebuyers with contracts as of April 30, 2010 qualify for the credit so long as they close the transaction within 60 days.
• The full credit is available to homebuyers with incomes of up to $125,000 for a single return or $225,000 for a joint return.
• Not available for homes costing over $800,000.
• Homebuyers who already own a home are only eligible if the home they are leaving has been used as a principal residence for five consecutive years in the last eight.
• Provides authority to the IRS to provide greater oversight while processing the return and requires that the taxpayer claiming the credit be 18 or older.

]]> http://remax-best-kc.com/blog/Terry/2009/11/20/not-too-late-to-get-8000-tax-credit-in-kansas-city/feed/ 0 Why Not Profit to Help Kansas City Fight Blight? http://remax-best-kc.com/blog/Terry/2009/09/22/why-not-profit-to-help-kansas-city-flight-blight/ http://remax-best-kc.com/blog/Terry/2009/09/22/why-not-profit-to-help-kansas-city-flight-blight/#comments Tue, 22 Sep 2009 15:43:20 +0000 Terry http://remax-best-kc.com/blog/Terry/?p=278 See All Kansas City Properties

The only thing worse than an abandoned, overgrown and vacant property with foot tall grass and old newspapers littering its driveway is two abandoned, overgrown and vacant properties or three or more. The Kansas City metro area recently topped Forbes magazine’s list of America’s Abandoned Cities.  

Take heart [...]]]> See All Kansas City Properties

The only thing worse than an abandoned, overgrown and vacant property with foot tall grass and old newspapers littering its driveway is two abandoned, overgrown and vacant properties or three or more. The Kansas City metro area recently topped Forbes magazine’s list of America’s Abandoned Cities.  

Take heart fellow Kansas Citians – according to Forbes, San Francisco is the second most most abandoned city and Tucson, Arizona is number three. If you have ever had an unkempt house in your neighborhood, you know you would do almost anything to improve its state. Abandoned and foreclosed real estate attracts vandalism, vermin and worse – they lower the value of every nearby property.  

Although I am not sure how the program would work within Missouri’s statutory right of redemption – according to the Kansas City Star editorial – the proposed Kansas City ordinance would allow the city to appoint a receiver for an abandoned property. The receiver could do what they want with the property. They could tear it down, repair it or sell it if the owner refused to act.  

The rub is apparently some neighborhood advocates want only non-profit CDC’s (Community Development Corporations) to be eligible for receiverships. Seems to me it only makes sense to encourage the use of private capital to fight the blight in Kansas City. Any group qualified, whether non-profit or for profit should be allowed to aggressively pursue receiverships and the sooner the better. Have an opinion on this subject?

Whether you’re thinking about buying or selling or seeking information, rely on RE/MAX Best Associates 800-391-BEST(2378) X106 or 913-339-0615 to provide accurate up to date information about the marketplace email to: tfarrell@remax.net  or visit http://www.kansascityerealestate.com/

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