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Turns Out Mitigation Costs Less Than Rebuilding

A report from the National Institute of Building Sciences found that each dollar spent on hazard mitigation can save the nation six dollars in disaster recovery costs. That’s the bottom line; making a structure resilient before a natural hazard (like a storm or flood) is far less expensive than ... read more...

“Outstanding Success” for Benevolence Fund

22 September, 2018 by George Danneman in Uncategorized
  George Danneman and the staff of The Danneman Firm were honored to sponsor the Ingleside Homes, 12th Annual Golf Outing, which helps raise money for their Benevolence Fund. This fund assists seniors without family or financial resources, so that they can continue to live independent, ... read more...

Guidance About Distribution of Electronic Schedules K-1

18 March, 2012 by George Danneman in Uncategorized
WASHINGTON, D.C. – March 5, 2012 – In Revenue Procedure 2012-17 the Internal Revenue Service provided the rules that partnerships must follow if they wish to distribute Schedules K-1, Partners’ Share of Income, Deductions, Credits, etc., electronically in lieu of paper format. ... read more...

$25 Billion Mortgage Servicer Settlement Announced

14 March, 2012 by George Danneman in Uncategorized
In collaboration with 49 of the nation’s 50 state attorneys general, the Obama Administration has reached a landmark settlement with the five largest mortgage servicers—JP Morgan Chase, Bank of America, Citigroup, Wells Fargo and Ally Financial. In the aggregate, the settlement will cost the ... read more...

Report Finds that 43 Percent of Households Nationwide are “Liquid Asset Poor”

8 March, 2012 by George Danneman in Uncategorized
The Corporation for Enterprise Development (CFED) recently released the 2012 Assets and Opportunity Scorecard which states that almost half of Americans do not have the savings to sustain their basic living expenses for three months if a layoff or emergency occurred. read more...

New Mortgage Servicing Guidance Issued by the Office of the Comptroller of the Currency (OCC)

14 July, 2011 by George Danneman in Uncategorized
The Office of the Comptroller of the Currency (OCC) has announced a new mortgage servicing guidance to insure that all national banks abide by appropriate foreclosure management standards.  This includes foreclosure process governance, dual track processing, affidavit and notarization ... read more...

Federal Regulators Strike Deal with 14 Mortgage Servicers Involved in Foreclosure Abuse

18 April, 2011 by George Danneman in Uncategorized
Mortgage servicers came under the microscope last fall when it was revealed that they were foreclosing on homeowners through faulty affidavits. This started a coordinated investigation by the 50 state attorneys generals along with the Office of the Comptroller of the Currency (OCC), the Office ... read more...

Defend the Mortgage Interest Deduction (MID)

16 March, 2011 by George Danneman in Uncategorized
Last year, the President’s National Commission on Fiscal Responsibility and Reform issued a report entitled The Moment of Truth, which proposed to limit or eliminate the income tax deduction for mortgage interest, better known as the mortgage interest deduction (MID).  Since then, Rep. Gary ... read more...

New Seller’s Disclosure Forms for Delaware Residential Sales

13 January, 2011 by George Danneman in Uncategorized
Seller’s Disclosure forms for residential real estate sales in Delaware have been revised. I have attached the new forms which are effective January 1, 2011 as well as redline versions of the forms to show the modifications. New Seller’s Disclosure Form New Seller’s Disclosure New ... read more...

December Council on Housing (COH) Public Session

On December 8, 2010, Delaware’s Council on Housing (COH)  held a public session. I have posted the following handouts that were provided at the meeting: -Agenda; -2011 Council on Housing (COH) proposed meeting schedule; and -November 10, 2010 Meeting Minutes. The next meeting is scheduled for ... read more...