is not expected to know this,'' said Friedman.
Perhaps the biggest fear any homeowner
can have is foreclosure.
Although McDermott's tax lien only amounted to $1,085, which accumulated over nine months, the 15-year homeowner
understood the necessity of paying it off quickly.
If it is not immediately apparent, a homeowner
may not be aware of a problem until the damage is extensive and cleanup has gone beyond the powers of bleach and scrub brushes.
Prior to the recent fires in New Mexico, Howard Cady, a Los Alamos homeowner
whose property adjoins Sante Fe National Forest, contacted his local Extension office, which in turn put him in touch with forestry professionals.
Interest deduction: If a homeowner
paid an interest overcharge as the result of a financial institution's miscalculation of interest on an ARM, the homeowner
may deduct the overcharge in the year of payment as qualified residence interest under Sec.
In that case, the homeowner
is eligible for a reverse mortgage (age permitting), even though he or she is precluded from using the tax exclusion.
4) A homeowner
faces the question of whether to refinance whenever current mortgage interest rates drop below the rate on the homeowner
's existing mortgage.
Especially modest given that during the Reagan years, the homeowner
tax break was the only housing subsidy that did not fall to the budget axe.
No payment is necessary so long as the homeowner
lives in a home with a reverse mortgage.
Home Concierge is an online lifestyle management tool that organizes and manages a homeowner
's property and activities from a secure, personalized Website, giving a homeowner
access to their information anytime and from anywhere to simplify their life.
Hartwig also noted that for the NFIP to be an effective insurance resource, it must charge homeowners
actuarially sound premiums, increase homeowner
participation, create new flood maps and catastrophe models, and build adequate loss reserves.