Tip: HUD Not Extending Waivers

Published: Thu, 01/08/15

Hi

This is just a little tidbit of bad news that may affect some of you, but something you need to know, if it applies.  HUD has announced that it will NOT extend the waiver which expired on 12/31/2014 to allow transactions under 90 days to be resold.  Exclusions include inherited properties, relocations, government agency sales and foreclosures.

I hope you had a great holiday season.  Kristy and I had all the kids and grandkids home for Christmas and New Years.  We don’t know what this year will bring with Kristy’s ALS, but we will take it one day at a time. Thanks for all the support I have gotten from you all.

Let’s make this year a great one.  Start thinking tax planning for 2015 today, not in December.  Keep your entities in good order, and let’s get the maximum asset protection.  I will promise to give you more tips and help how I can. 

Lee Phillips

P.S. Was one of your New Years Resolutions to improve your finances? Our Money Making and Asset Protection Boot Camp can help you keep your resolve.  Watch for more information in the next email.