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Mark Bartlett
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Mark Bartlett’s Answers (20)
Mark Bartlett answered:
This is House Bill 3221. It has passed the Senate by a vote of 84-12 and at this point is awaiting Prez signature. It will provide for a $7000 credit to be taken over 2 yrs. (3500 ea year). The foreclosed property would have to have been constructed before September 1, 2007. It must be used as your principle residence and if resold or not owner occupied during the first two years the credit will be recaptured.
Mark Bartlett answered:
Home Inspection...Home Inspection...Home Inscpection. The cheapest insurance you will ever pay.
Mark Bartlett answered:
The local property taxes will be the smallest of their worries. The big numbers come with the Income tax due the IRS on this windfall most likely up over 1 million. This is the reason I believe all of the previous winners have sold their grand prize.
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