Posts Tagged ‘Mortgage Tax’

How can a Tax Lien Get You a Property Free And Clear?

Sunday, January 3rd, 2010

Is this possible or not. Where in the Unites States is this possible, and whats the procedure.
And is the delinquent homeowner still liable for his/her mortgage?

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Can I be on the deed and not the mortgage for tax purposes?

Wednesday, November 25th, 2009

We live in Mi. My husband and I are unable to get a mortgage on our own and my dad is putting a house in his name as an investment property but we would be making the payments through him. Could we put my name on the deed but not the mortgage so that we wouldn’t have to pay non-homestead taxes?
We will not be able to qualify for any mortgage.

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How can IRS know if I actually paid or my mom paid the tax and mortgage interest before I was on Deed and Mort

Wednesday, October 28th, 2009

Hi, this is a follow up question to my original.

Most have said I cannot deduct the mortgage interest and property tax that was paid on this property that I was put on deed toward the end of the year.

How can IRS actually know that it wasn’t me paying this?

If I provide funds to my mom earlier this year to make her mortgage payments and tax payments, isn’t that considered me paying for it?

At the end of the year, the mortgage companies will have both my name and my moms on the 1099 as well as the property tax reciept with both my name and hers since by the time they generate this i will be on the deed too right?

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