Real Estate News
Landlords Be Aware, IRS Reporting
There will be expanded IRS Form 1099 reporting for rental property owners starting with the year 2011. The Small Business Jobs Act of 2010 requires all individuals who own rental property to issue an IRS Form 1099 for payments relating to their rental properties. Now, by definition, "a person receiving rental income from real estate shall be … [Read More...]
Home Affordable Foreclosure Alternatives Program (HAFA)
In light of the rising number of property foreclosures in the United States, the government has expanded the Home Affordable Modification Program (HAMP) to include provisions and incentives for servicers to allow short sales or deeds-in-lieu as positive options for eligible homeowners in default who wish to avoid foreclosure. The new program is … [Read More...]
2010 – 2Q home sales — Northern Virginia
The home sales numbers are in for the second quarter of 2010 (April 1 through June 30), and the news is good, but the outlook may not be. Sales are up. Prices are up. Pending sales were up in June. Days on market are down. The unemployment rate is slowly going down. Several major corporations will be keeping, moving, or opening … [Read More...]
Fairfax County
When you live in Fairfax County you can see the beginnings of our nation's history in the estates of our founding fathers, attend schools rated among the best in the nation and visit the US Capitol to see our government at work. Add to this list, neighborhoods that provide residents with numerous options to live, work and play and you will quickly … [Read More...]
