Archive for Archive for May, 2008

What Is A 1031 Exchange?

Created by the I.R.S. in 1990, section 1031 of the Internal Revenue Code allows taxpayers, with the aid of a Qualified Intermediary, to sell investment or income property solely for the purchase of other “like-kind” property within 180 days and to defer the capital gains taxes normally associated with such a sale. In essence, the […]

Posted by: najirashid on Tuesday, May 27th, 2008

Free Home Buyer Seminar At The Randallstown Library!

I will be conducting a free home buyer seminar at the Randallstown library from 6:30PM-8:00PM on May 28, 2008, along with Faraji Mason of Wells Fargo Home Mortgage. Everyone attending will receive a free copy of David Bach’s best seller “Automatic Millionaire Homeowner” courtesy of Wells Fargo. We will explain the steps of the home buying process […]

Posted by: najirashid on Friday, May 23rd, 2008

Banks Are Creating A Sellers Market For Their Short Sale Properties

In some parts of Maryland banks are creating a sellers market for their short sale properties by lowering the price well below what the seller originally paid for the property. This creates competition and a sellers market for that particular property. I have witness properties that were originally purchased for $486,000 being sold by the bank for […]

Posted by: najirashid on Wednesday, May 7th, 2008