Apr 29th 2011 5:00PM
Walking away from your underwater home, even temporarily, can have serious consequences. Just ask Willard and Holly Brown, who lost $116,000 by walking away from their house in Clarkston, Wash. The Browns, who owned a home with a filed homestead exemption -- which protects a home from creditors in certain circumstances --... Continue Reading »
Dec 20th 2010 11:55AM
O.J. Simpson may be serving jail time in a Nevada prison, but his Miami home is still stirring up controversy. The surburban Kendall neighborhood's most-famous resident in absentia is ruffling local feathers by collecting the so-called homestead exemption on a house he doesn't occupy full-time. Simpson (pictured left at... Continue Reading »
Jun 15th 2010 4:30PM
If you live in the state of Florida, you pay taxes on your home according to a dual-class tax system. There's one type of tax system for those who live in Florida as their primary residence and another for those who live there part-time or own vacation property. And it's a good thing, too: Considering the rocky Florida... Continue Reading »
