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New Castle : Real Estate Advice

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Activity 4
Tue Sep 4, 2012
Matt Huffman answered:
If a property is owned by an individual and they live there, the state offers a homestead exception. If it is their primary property and they have a mortgage they also maybe eligible for a mortgage exception.
Should they pay the house off, the mortgage exception will drop off. If the property is owned by a bank , they do not qualify for those exemptions so it would show no exemption. If the property is not a person's primary home, such as an investment property or vacation home, Normally there are no exceptions available and they are taxed at a higher rate. Please call me if you have further questions.
Matt Huffman 765-524-4985 or MattH@crossroadsre.com
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Thu Sep 16, 2010
Pam Winterbauer answered:
Have you checked with your local Realtor or on craiglist?
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