President Signs New 2013 Real Estate Laws

January 4, 2013 at 9:27 am Leave a comment

The National Association of Realtors (NAR) recently reported a summary of real estate-related bills passed into law and signed by President Barack Omaba on Jan. 2, 2013. Many of these laws will affect the amount of savings any homeowner or investor will receive moving forward into 2013.

NAR said some of the provisions in the new laws affect areas including mortgage cancellation relief, mortgage insurance deductions, leasehold improvements, energy improvement credits, capital gains, estate tax.

Consult your trusted tax adviser to determine how these laws can work in favor of your situation. For the full article go to http://www.realtor.org/articles/real-estate-provisions-in-fiscal-cliff-bill?om_rid=AACOsQ&om_mid=_BQ5jQiB8v$B8GF&om_ntype=NARWeekly

Entry filed under: Arizona Real Estate, Chandler Real Estate, Foreclosures & Short Sales, Phoenix Real Estate. Tags: , , .

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