Team Thayer Property Servicing

magine having the ability to control your retirement dollars with investments you make every day, with an asset base you understand and with tax-deferred or tax-free dollars. There are things every investor must know if they intend to leverage their IRA in order to make intelligent financial decisions and capitalize on building wealth on a tax-deferred or tax-free basis. 1. Unrelated Debt Financed Income Tax. When you have a debt-financed property in an IRA, you may be subject to UDFI on the profits from the sale of, or income from, the property. Does this mean that you should not buy real estate that is debt financed in your IRA? Absolutely not! The tax you pay is based on the percentage of the debt financed. If you finance a purchase and sell it right away, your IRA would be taxed on the percent of profit made by the borrowed money. In a buy and hold situation, the percentage is based on the average outstanding debt over the previous twelve-month period. In addition, your IR...

T he rapid recovery in home prices in a number of U.S. metros has already led some observers to suggest that we are in another home price bubble.   We find this unsupporting for a number of reasons, the foremost of which is that most people using this term may not fully understand what defines a bubble.  We started writing about home price bubbles about 10 years ago when there was a bubble building in a number of important housing markets around the country. One common theme used to describe bubbles in other markets is the idea that prices have risen very quickly to levels which could not be justified by underlying fundamentals.  There are a number of well documented historical examples of bubbles that include the stock market in 1929, gold prices in 1979-80, and Japanese real estate prices in 1989-90.  It is typically acknowledged that in the late stages of a bubble, prices keep rising primarily because they are expected to keep rising.  At the time of ...

A Washington County jury on Thursday ruled in favor of a couple who claimed JPMorgan Chase foreclosed on their home after making broken promises. As the Oregonian reports,  the case is likely the first wrongful foreclosure suit to go before a jury in Oregon since the housing crash hit. That the jury found sympathy in the case of Bela and  Eva Lengyel  -- who, the jury determined, had been denied a loan modification that they qualified for and Chase had initially agreed to provide -- could be a harbinger of things to come for foreclosure cases in Oregon. As the O's Elliot Njus reports, the case "offers a glimpse into how juries may deal with fallout from the mortgage crisis and the way the nation's leading banks reacted. " "If I were a transnational bank, I would be very concerned about facing juries in this state,"  Terry Scannell , the attorney who represented the couple, told the newspaper.

Rates 3/4 of a point since 6/19.  Investors assumed at that time the economy was taking off! Ben Bernanke, Federal Reserve Chairman, said all is well and the Fed will start cutting back on any stimulus spending.  Since 06/19 a several scares in the markets freaked investors out, but harsh reactions were calmed. I expect a steady incline in home values until the high seasons ends mid September. 30 year fixed conforming = 4.500% 4.596% 15 year = 3.625% 3.706% 3/1 ARM = 3.375% 3.461% FHA/VA 30 year fixed = 4.250% 4.917% 30 Yr Fixed Non-Owner = 4.750% 4.818% Prime rate is currently = 3.250%

Foreclosure activity continued a sharp decline in May while the number of at-risk homes also fell. Lenders foreclosed on 52,000 U.S. homes during the month, the real estate data firm CoreLogic Inc.  reported. That's an increase from 50,000 in April, but down 27 percent from 71,000 foreclosures in the same month a year earlier. The "shadow inventory" of homes foreclosed, in foreclosure or in danger of foreclosure, once a major concern that threatened to prolong the housing market's decline, has declined to 2 million properties. That's down 34 percent from its 2010 peak. "The stock of seriously delinquent homes, which is the main driver of shadow inventory, is at the lowest level since December 2008," said CoreLogic chief economist Mark Fleming. "Over the last year it has decreased in 42 states by double-digit figures, resulting in rapid declines in shadow inventory for the first quarter of 2013." In Oregon, lenders foreclosed on 4,500 h...