A taxpayer could claim a first-time homebuyer tax credit on his federal income tax return - even though he acquired his property under a land sale contract, the U.S. Tax Court has ruled in vacating a $7,500 deficiency assessment. Section 36(a) of the Internal Revenue Code provides a refundable tax credit to a first-time homebuyer of a "principal residence." In 2008, the amount of the credit was 10 percent of the purchase price of the residence, up to $7,500.
... acquired the property under a contract for deed (a form of land sale contract). According to the I...
In execution of a certain deed of trust dated May 31, 2006, in the original principal amount of $84,000.00 recorded in the Clerk's Office, Circuit Court for Roanoke City, Virginia, in Instrument No. 060008603 and re-recorded as Instrument No. 060008904, default having occurred in the payment of the Note thereby secured and at the request of the holder, the undersigned Substitute Trustee will offer for sale at public auction in the front of the Circuit Court building for the City of Roanoke, 315 Church Avenue, SW, Roanoke, Virginia, on March 12, 2012, at 12:32 PM, the property described in said deed of trust, located at the above address, and more particularly described as follows: LOCATED IN THE CITY OF ROANOKE, STATE OF VIRGINIA: BEGINNING AT THE SOUTHWEST CORNER OF PATTERSON...
TRUSTEE'S SALE OF 2417 Denniston Avenue SW, Roanoke, VA 24015 In execution of a certain deed of trust dated April 28, 2004, in the original principal amount of $109,285.00 recorded in the Clerk's Office, Circuit Court for Roanoke City, Virginia, in Instrument No. 040006881, default having occurred in the payment of the Note thereby secured and at the request of the holder, the undersigned Substitute Trustee will offer for sale at public auction in the front of the Circuit Court building for the City of Roanoke, 315 Church Avenue, SW, Roanoke, Virginia, on April 23, 2012, at 11:01 AM, the property described in said deed of trust, located at the above address, and more particularly described as follows: BEING LOT 5, BLOCK B, AS SHOWN BY THE MAP OF VIRGINIA HEIGHTS EXTENSION, OF...
A conveyance of real estate is a transfer of real estate from one person to another. A deed is one form of conveyance, transferring a title to real estate from one person to another. Title means ownership of real estate. The person transferring title is known as the "grantor" and the person receiving the title is known as the "grantee." There are several types of deeds. One form of deed is a . A is a deed which warrants good and clear title to the real estate transferred. In many states, it often includes some or all of the following covenants: seisin, quiet enjoyment, right to convey, freedom from encumbrances and defense of title against all claims. Covenant of seisin is an agreement, contract, or promise that the grantor possesses a quantity and qu...
TRUSTEE'S SALE OF 2417 Denniston Avenue SW, Roanoke, VA 24015 In execution of a certain deed of trust dated April 28, 2004, in the original principal amount of $109,285.00 recorded in the Clerk's Office, Circuit Court for Roanoke City, Virginia, in Instrument No. 040006881, default having occurred in the payment of the Note thereby secured and at the request of the holder, the undersigned Substitute Trustee will offer for sale at public auction in the front of the Circuit Court building for the City of Roanoke, 315 Church Avenue, SW, Roanoke, Virginia, on April 23, 2012, at 11:01 AM, the property described in said deed of trust, located at the above address, and more particularly described as follows: BEING LOT 5, BLOCK B, AS SHOWN BY THE MAP OF VIRGINIA HEIGHTS EXTENSION, OF...
...Subpart B: Contract Rights and Obligations. : Rights and Duties of Mor..., exercise the power of sale under a deed of trust. (3) Acquisition of title and possession.... mortgagee shall notify the Commissioner on a form prescribed by him of the filing of such conveyance...
..., the plaintiff in error, entered into a contract with Van Buren Clark, the defendant in error, by w... of the wheat to Ankeny, Clark demanded a deed for the land. This Ankeny neglected to give, putti... with him, went to Ankeny's bank, and formally surrendered possession of the land to Ankeny. Clar...
In execution of a certain deed of trust dated November 24, 2009, in the original principal amount of $107,957.00 recorded in the Clerk's Office, Circuit Court for Roanoke City, Virginia, in Instrument No. 090013152, default having occurred in the payment of the Note thereby secured and at the request of the holder, the undersigned Substitute Trustee will offer for sale at public auction in the front of the Circuit Court building for the City of Roanoke, 315 Church Avenue, SW, Roanoke, Virginia, on March 12, 2012, at 12:31 PM, the property described in said deed of trust, located at the above address, and more particularly described as follows: LOT 19, BLOCK 15, JACKSON PARK, CITY OF ROANOKE, VIRGINIA, AS SHOWN ON PLAT OF SURVEY OF RECORD IN THE CLERK'S OFFICE OF THE CIRCUIT ...
In execution of a certain deed of trust dated February 28, 2006, in the original principal amount of $86,850.00 recorded in the Clerk's Office, Circuit Court for Roanoke City, Virginia, in Instrument No. 060003170, default having occurred in the payment of the Note thereby secured and at the request of the holder, the undersigned Substitute Trustee will offer for sale at public auction in the front of the Circuit Court building for the City of Roanoke, 315 Church Avenue, SW, Roanoke, Virginia, on March 12, 2012, at 12:30 PM, the property described in said deed of trust, located at the above address, and more particularly described as follows: LOCATED IN THE CITY OF ROANOKE, STATE OF VIRGINIA: LOT NO. 25, SECTION NO. 1, MAP OF OAK RIDGE LAND COMPANY ADDITION..TERMS OF SALE: AL...
... is an American Land Title Association (ALTA) form closing protection letter or which is otherwise ac... except the property is conveyed by quitclaim deed. Deed of trust. See trust deed. Exceptions. Except...Land purchase contract (contract for deed). An agreement between the buye...
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