Foreclosure Home You have to See

Asking Price: $254,900


Estimated Value: $278,000


Suggested first offer with signed buyers agreement: $225,000

 

Special Financing

* 3% downpayment for owner occupants, 10% for investors (by contrast, 30% is typical for investors these days)
* no requirements for appraisal on a house
* no private-mortgage insurance (PMI)
* qualified borrowers need only have a credit score as low as 660
* Other restrictions apply but call for details

Guide to retiring, taxes and homes in Greenville

South Carolina extends its Southern hospitality to retirees: The Palmetto State does not tax Social Security benefits, and it allows residents 65 and older to deduct up to $15,000 per person ($30,000 per couple) of qualified retirement income when calculating their state income tax. Retired military personnel 65 and older may deduct up to $10,000 of military retirement benefits. Property taxes are very low and are based on 4% of fair market value; homeowners 65 and older qualify for a homestead exemption that excludes the first $40,000 of the home’s value.



For the full article click the link: Guide to Taxes on Retirees, 2009–2010