Northern Illinois Real Estate – If You Bought or Sold a Home in 2010 it is time to put Your House in Order.

 home sold in Mundelein

A home we sold in Mundelein

If you purchased a home in 2010, now would be a good time to put things in order.  

First you would need a copy of your HUD statement for your tax filing.   There may be some deductions on there for you.  

Also you may have done some home improvements to the home/property that may earn you a rebate or tax deduction.  

You may also decide to put your home or property in a trust.   There are two trusts to think about land trusts or  revocable living trusts.   Some of the benefits of putting your property in trust are to avoid probate, to help with protection against creditors or  to help hide ownership of a property.   If you are looking to refinance, the property has to be taken out of trust and put back after the refinance.

 Talk to a great real estate agent  to refer you to a great attorney to discuss your options and what would be best in your situation.

 Happy New Year!

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Posted By:   Julie Anne – The Julie Anne Real Estate Team at Keller Williams Success Realty

Northern Illinois Real Estate AgentBarrington – Deer Park Real Estate Expert and surrounding areas


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