Real Estate Fraud Investigations Increase
FS-2003-18, December 2003
In recent years, the booming real estate market has helped increase mortgage fraud and other phony real estate related schemes. The perpetrators of these schemes range from mortgage brokers looking to make a fast buck to drug dealers laundering their ill-gotten gains. Every year, these fraudulent schemes victimize individuals and businesses from many walks of life, including struggling low-income families lured into home loans they can’t afford, legitimate lenders saddled with over-inflated mortgages and honest real estate investors fleeced out of their investment dollars. Read More ...
Real Estate (Taxes, Mortgage Interest, Points, Other Property Expenses)
Question: Is the mortgage interest and property tax on a second residence deductible? |
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Answer: The mortgage interest on a second home which you use as a residence for some portion of the taxable year, is generally deductible if the interest satisfies the same requirements for deductibility as interest on a primary residence. Read More ... |
Phone: (714) 698-2580 . Fax: (714) 698-2581 . E-mail: taxman@ptstax.net |
