Monthly Archives: April 2014
Schuette Files Felony Embezzlement Charges Against Northern Michigan Funeral Home Owner
LANSING - April 17, 2014 - (RealEstateRama) -- Attorney General Bill Schuette today announced that his Criminal Division has charged R.O. Savage Funeral Chapel, and its owner Richard Weishuhn, 68, of Standish with multiple felony embezzlement charges for allegedly embezzling money from his customers' prepaid funerals
Rep. Miller Applauds $100,000 Grant to Renovate Cavis Building in Downtown Port Huron
WASHINGTON, D.C. - April 10, 2014 - (RealEstateRama) -- U.S. Representative Candice Miller (MI-10) issued the following statement on the Michigan Strategic Fund’s $100,000 grant to Landmark Port Huron, LLC for the renovation of the Cavis building located at Huron and Michigan Avenues:
Senator Stabenow Measure to Protect Homeowners from Higher Taxes Passes Senate Finance Committee
WASHINGTON, D.C. - April 4, 2014 - (RealEstateRama) -- U.S. Senator Debbie Stabenow, a senior member of the Senate Finance Committee, today praised Committee passage of her Mortgage Forgiveness Tax Relief Act, bipartisan legislation that protects underwater homeowners from being hit with huge, unfair tax bills by the IRS. Her provision, included in legislation to extend expiring tax provisions (the EXPIRE Act), ensures that homeowners who owe more on their mortgages than their homes are now worth would not be hit with additional income tax if a portion of their mortgage is forgiven as part of an agreement with their lender. Without Sen. Stabenow's legislation, homeowners - for the first time since housing crisis began - would be required to pay taxes on this phantom income when they refinance or sell their homes in what are commonly called short sales
Calley signs remaining personal property tax reform bills aimed at ensuring stable local funding,...
GRAND RAPIDS, - April 2, 2014 - (RealEstateRama) -- Lt. Gov. Brian Calley today signed the remaining eight bills of a bipartisan package of legislation that provides more stable local government revenue for essential services, including police and fire protection, as the obsolete, job-killing personal property tax is phased out
MSHDA Offers “MI NEXT HOME” for Repeat Homebuyers
WASHINGTON, D.C. - April 2, 2014 - (RealEstateRama) -- The Michigan State Housing Development Authority (MSHDA) has announced an exciting new loan program for repeat homebuyers. MSHDA’s MI Next Home has been created to make down payment assistance available to repeat buyers. The program was designed specifically for those applicants who may not qualify for MSHDA’s existing MI First Home program due to their previous homeownership status