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Home Owners News Archive 02-Mar-2008
Caparol LLC opens first UAE retail outlet in Abu Dhabi (AME Info)Caparol LLC opened its first retail outlet in the UAE. Located on Defense Road in Abu Dhabi, the outlet is expected to revolutionise the paint-shopping experience for both developers and home owners.
First home owners grant to stay: Rudd (The West Australian)The federal government will retain the $7,000 first home owners grant and will not be replaced by its savings account scheme for new home buyers, Prime Minister Kevin Rudd says.
The Federal Foreclosure Assistance Center Launches Their Interactive Online Website to Help Home Owners at Risk (PR.com)Due to the huge increase in foreclosures, lenders and loan servicers are rethinking the foreclosure process. The Federal Foreclosure Assistance Center has been established to help homeowners communicate with their lenders to develop alternatives to losing their home. [PR.com - February 29, 2008]
New rules govern tax-free exchanges (Everett Herald)The Internal Revenue Service has handed investors and second-home owners a new gift. It's in the form of a safety net that allows taxpayers to swap property via a Section 1031 tax-free exchange even if they have enjoyed personal use of the property.
Las Vegas Sun (Las Vegas Sun)The Times reports that "despite a sagging real estate market across the country (including in Las Vegas itself), real estate agents say second-home owners are still attracted" to Las Vegas' suburbs.
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