Taking A Lot of Tax Deductions Can Ruin A Mortgage

Posted by & filed under Buying.

Taking a lot of tax deductions can ruin a mortgage.  No doubt about it. It happens a lot.  Tax returns are often done very well by tax professionals.  As a result, your documented income is lower than what you actually take home.  That’s great until you decide to buy a house. Your banker tells you one of two things.  Both come as a shock.  You don’t qualify for a mortgage or…

Bergen County Homes Earn a Delay from the IRS

Posted by & filed under Buying, Selling.

If you own a Bergen County home or anywhere else in the New York City area, the past few months were a challenge indeed.  Winter weather in Bergen County was very unusual this year.  We had multiple storms that wreaked havoc throughout the NYC area and Bergen County was right in the middle of things.    One snow storm after another for weeks on end with even a full blown blizzard gave us…