Mortgage Interest Deduction going away?

Monthly Newsletter
March 2011
Top Story of the Month Reason No. 1040 to Buy a Foreclosure Bargain. The Mortgage Interest Deduction may not last forever, so save your money upfront. Thirteen words in President Obama's 2012 budget are causing quite a stir: "across-the-board 30 percent reduction in itemized deductions for high-income taxpayers." This means some homeowners won't be able to deduct home mortgage interest on their income taxes. Read More Reader Poll  Do you think the home mortgage interest deduction should be left alone, reduced or eliminated? 7-Day FREE Trial You start the free trial. We uncover the hidden information. Get complete access to all of our property data - including street addresses - and comprehensive foreclosure data. Search Tip: New Net Equity Filter and Loan Position  You can now search specifically for foreclosure properties on RealtyTrac based on amount of equity (or negative equity) using our new Net Equity-LTV search filter and sorting tools. In addition, we're now displaying all outstanding loans on a property along with the position of each loan. View Video RealtyTrac Community Join the discussion Some recent questions posted on the RealtyTrac Community. Respond by clicking the links below, or ask your own question. > Why does the seller have so much power in a short sale? > How many "pre-foreclosures" are there at present in the 90210 Zip Code? > Is there any way I can submit an offer before a property officially hits the market? Search Foreclosures Search over 2 million pre-foreclosure, auction and bank-owned homes to find the bargain home of your dreams! Advertisement Advertisement Follow us on: Facebook Twitter RT Community
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