Housing Allowance and Schedule A Double Dip. by Janet (Virginia) If mortgage interest and real estate taxes are deducted on Schedule A, is it also ok to include those same amounts in the housing allowance that is excluded from income? If so, is that not double-dipping?

Analysts said the decrease might be a harbinger of a double-dip recession in the housing market. According to the S&P/Case. of foreclosures that we haven’t seen yet,” he noted. So far, he said, the.

Retail activity was helped somewhat by the capital available on these lines of credit in 2007, so store closings were probably deferred. sales will rise to 13 million this year. In a double-dip.

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Are we in a Double Dip? it’s not only unlikely that the recovery in housing will continue, but it’s likely to peter out and result in a double-dip backward slide. Why? Housing has risen too far too fast off its floor given.

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Dr. Housing Bubble Blog focusing on real estate and investing.. So what does this mean for these inflated markets?. seen the median price of a home in Orange County dip year-over-year for the first time since the housing bubble burst.. Housing Apocalypse Tomorrow – Homes with no mortgage payment in two years

Actually, if it dips again in 2010 or 2011 it will be a TRIPLE dip. The recovery from the Dotcom bust was a farse so 2008 was the major double dip. It is fine with me, I will like the USA better as a third world country anyway. Reply Delete

Re: Double-Dip in Housing Lav There is a bit of a difference. Banks are not end users of money. They wholesale money as middle men, so to speak, and loan it to companies and hope to make a spread. banks originate and service loans, have an operating cost of 3-4%. And of course they try to make a profit for shareholders.

Tech snafu, improper foreclosure affidavit lead to sanctions for LPS ATTORNEY SANCTIONED FOR FRIVOLOUS APPEAL. The court noted Defendant Pendergast had presented the affidavit of one of its employees who was CitiMortgage’s foreclosure attorney. The attorney stated in the affidavit that notice had been sent to Essien. Because Essien failed to respond to the motion for summary judgment presented in the trial court,

The current economic climate did however work perfectly for the “double dip” in housing prices to take place. The FED did not “print money” but.

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"I think there is a chance there will be a double dip in the economy and in the housing markets, but I’m more concerned that we’re not out of the first dip yet. So we can’t even get to the second dip..