Co-op / Condo News: Republicans Say They Will Kill Mortgage Tax-Deduction
Sept. 10, 2012 — Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, there is no more important news for homeowners, including co-op and condo owners, than this: The Republican Party platform says Mitt Romney will push to eliminate the mortgage tax-deduction. The interest that co-op shareholders and condo unit-owners pay on their home loans would no longer be deductible on their federal income taxes. President Obama on Thursday specifically stated he would retain that important deduction.
Read all the latest co-op /condo news for buyers, sellers and board members in Habitat's weekly Monday News Roundup. Also included: Permanent archival links. If a link ever goes dead, you'll still be able to read the backup at WebCitation.org.
Co-op / Condo Buying, Selling, Living...
- "Obama Vows Commitment to Mortgage Tax Break: Republicans, in their party platform, vowed to eliminate deduction" by Leigh Kamping-Carder (TheRealDeal.com)
- "Some Co-ops Won’t Let Residents Move Out" by Malcolm Carter (Service You Can Trust blog)
- "Ask an Expert: Is it normal for co-ops to demand proof of insurance for big deliveries?" by Teri Karush Rogers (BrickUnderground.com)
- "Still Awaiting [Condominium's Annual] Financial Statements" by Jay Romano (The New York Times)
- "A Good Reference Letter Can Open Up the Co-op Door" by Jill Urban (NY1 News)
- "Ultra Green Condo Building is Coming to Brighton Beach" by Jessica Dailey (NY.Curbed.com)
- "Increasing Number of NYC Buildings Aren't Up to Snuff for Mortgages" by Phyllis Furman (New York Daily News)
- "Mortgages: Downsizing the Jumbo Loan" by Vickie Elmer (The New York Times)
Co-op / Condo Board Issues...
- "Management Companies Aren't Always Helpful" by Richard J. Russell (Real Estate Weekly op-ed)
WebCitation archives:
Obama • Some Co-ops • Insurance • Financial Statements • Reference Letter • Ultra Green • Increasing Number • Jumbo Loan • Management Companies