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Loan Modification

: Loan Modification & Home Loan News

How banks are enjoying homestead exemption

By Moe Bedard

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(Source: JacksonVille.com) – Banks, mortgage companies and investors that seize Florida homes in foreclosures also get millions in tax breaks because state law allows them to enjoy the homestead exemption intended for owner-occupied homes. Last year in Duval County alone, local governments lost hundreds of thousands of dollars because of that provision, which some officials [...]

Full post as published by Loan Modification & Home Loan News on January 31, 2011 (boomark / email).

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