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Debt-relief Window Closing Soon
chicagotribune.com 3 weeks, 6 days agoThe window is closing rapidly on one of the most important tax-relief provisions enacted by Congress during the housing crisis to help financially strapped homeowners.
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Second-home Debt Weighs On Owners
chicagotribune.com 3 weeks, 6 days agoQ: We own a second home within five miles of our primary residence. This second home has been used as a rental, initially to persons we were not connected with in any way. For the past 10 years, two sets of relatives who were in need of a new start in life lived in the home. Each set of relatives lived there at different times. The current set has been there five years. The rental contract is for fair market value, though much less than the mortgage. Obviously, we have been paying the difference at a loss.
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