The Taxpayer Relief Act of 1997 and its effect on income property values
Article Abstract:
The Taxpayer Relief Act of 1997 promotes changes to the taxes of income property owners in a number of ways. The Act reduces the maximum capital gains rate from 28% to 20%, minimizes the capital gains rate to 18% if the property is held more than five years, and pegs the tax rate on depreciation recaptured at the time of sale at 25%. The potential effects of the Act can be characterized by determining the market value for the current and new law for residential and nonresidential income properties.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1999
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The Homeowner's Protection Act of 1998: a brief summary
Article Abstract:
The Homeowners' Protection Act of 1998 features provisions on disclosures and requires termination and cancellation dates for private mortgage insurance. Passed in Jul 1998, the act addressed a number of disclosures. These include annual disclosures, pre-existing mortgage disclosures, initial disclosures, and Lender Paid Mortgage Insurance (PMI) disclosures. It also supports guidelines on when borrowers can cancel PMI.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1999
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Should a higher interest rate be paid for a closing cost rebate?
Article Abstract:
Homebuyers considering a bank loan may be offered two different rate mortgages, one being higher in lieu of a closing cost rebate. Two models are included which can be used by mortgagors to decide whether to accept the higher interest rate mortgage.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 2000
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