old man image

New Hampshire Foreclosures For Sale

"Our Experience Makes The Difference"

  nh foreclosures logo
-Belknap NH (1)
-Carroll NH (4)
-Cheshire NH (4)
-Grafton NH (6)
-Hillsborough NH (8)
-Merrimack NH (2)
-Rockingham NH (4)
-Strafford NH (5)
-Sullivan NH (2)
VT-Addison VT (1)
VT-Bennington VT (3)
VT-Orange VT (2)
VT-Rutland VT (4)
VT-Windham VT (1)
VT-Windsor VT (4)
For House Flippers
Motivated Sellers
The foreclosure process
How to buy bank owned REO real estate
How to find bank owned REO real estate for sale
The Short Sale
Who is representing your interests?
Last Months Sales Stats
Free CMA
First Time Buyers
Buyers Check List
Little /no money down
Things to consider before buying a house.
The Closing
Save on your Taxes
Mortgage Information
NH Laws
National Resources
Resources on the Web
Boscawen NH bank foreclosures(1)
Bristol NH bank foreclosures(1)
Charlestown NH bank foreclosures(1)
Chesterfield NH bank foreclosures(1)
Concord NH bank foreclosures(1)
Cornish NH bank foreclosures(1)
Derry NH bank foreclosures(1)
Eaton NH bank foreclosures(1)
Effingham NH bank foreclosures(1)
Enfield NH bank foreclosures(1)
Fremont NH bank foreclosures(2)
Gilmanton NH bank foreclosures(1)
Goffstown NH bank foreclosures(1)
Hancock NH bank foreclosures(1)
Haverhill NH bank foreclosures(1)
Hollis NH bank foreclosures(1)
Hudson NH bank foreclosures(2)
Keene NH bank foreclosures(1)
Lee NH bank foreclosures(1)
Lincoln NH bank foreclosures(1)
Lisbon NH bank foreclosures(1)
Manchester NH bank foreclosures(1)
Milton NH bank foreclosures(1)
Nashua NH bank foreclosures(2)
Orford NH bank foreclosures(1)
Seabrook NH bank foreclosures(1)
Somersworth NH bank foreclosures(3)
Tamworth NH bank foreclosures(1)
Troy NH bank foreclosures(1)
Wakefield NH bank foreclosures(1)
Walpole NH bank foreclosures(1)

Write – Offs to Remember!
Deductions in the Loan Process!

Write-Offs! They’re the government’s way of rewarding you when you’ve done something they like! And, to judge by the write-offs, the government likes it when you borrow money to buy a house!

There are write-offs aplenty, many of which people often forget.

Make the most of it! Take every break the IRS says you’ve got coming. Here are a few deductions that people often forget:

Loan Fees (aka Points). If you are paying points, there is good news! They’re deductible! They are a total write-off. Whether you are buying a new home or refinancing the one you already own, or just borrowing to do some home improvement, you can take your “points” right off the top. Score one for the borrower!

Pre-Payment Penalties: Just when you were doing so well, and have managed to pay that loan off early, they slap you. Remember you may have a pre-payment penalty on your mortgage. Ouch! Well, if it’s any consolation, you can itemize that away! That will ease your pain.

Pro-Rated Real Estate Taxes: Even if the seller was the one who sent the municipality the check, chances are you paid a pro-rated portion of the taxes for the year at closing. Be sure to take the deduction for your fair share!

Pre-Paid Interest (Pro-Rated Mortgage Interest): Depending on when in the month you closed on your home, you paid either a significant or very small amount of Pre-Rated or Pre-Paid Interest for that month. Big or small, it is tax-deductible! The final closing statement (HUD Statement) will show you that exact amount, listed under the line item “Pre-Paid” Interest. Additionally, the lender will send you a form at year-end, showing your total interest-paid deduction for the year.

Home Construction Loan Interest:  As long as the construction period does not last more than 2 (two) years before you make the new place your principle residence, you can write-off the interest for that construction loan. And really, if it takes more than 2 years, you most likely got bigger problems!

Mortgage Insurance (PMI) Tax Deductible in 2007

Mortgage Insurance, also known as PMI, will be fully tax-deductible in 2007.

The 109 th Congress, passed the new tax law in it’s final hours in December 2006.

“This is really going to help a million Americans who will buy a home next year using Mortgage Insurance,” says Kevin Schneider, President of U.S. mortgage insurance business for Genworth Financial.

Bottom line for high “Loan To Value” borrowers; now, in addition to traditional :piggy Back” first and seconds to secure that high “Loan to Value” purchase, there will also be the opportunity to use a single loan, with Mortgage Insurance as an alternative.

I will be glad to review all your potential alternatives and recommend the right product option for you!

It pays to pay attention! All these write-offs can add up to some serious savings at tax time!

Copyright 07/29/21 NH Foreclosures For Sale
Not all listings presented in this site are foreclosures. Some may be listings from Sellers who are motivated to sell quickly or sell the property "as is". These listings are easier to purchase than a foreclosure and may be as good or better deal than a foreclosure.
realtor logo hud logo nneren logo
Copyright © 2021 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NNEREN. The information being provided is for consumers´ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated July 29th, 2021
NH Foreclosures For Sale is
NH Home Team 53 Bay Street Manchester, NH 03104 1-800-398-3255
Coldwell Banker Homes Unlimited 112 Washington St, Claremont NH. 603-542-2503
e-StarrRealty Lakes Region NH 603-393-7227

New England Real Estate NNEREN IDX and Webpage Designed and Hosted by B.S.C.