About De Kalb County, IL

May 3, 2010

What do we know about present day technologies? Do they make our life easier or dangerous? Well, a century ago the only danger was a mechanical one but now we are at risk of being killed or injured by many technologically advanced devices such as cars, planes, nuclear plants, etc. Some people even predict that soon our world will be conquered by robots and we will be turned into slaves.

But I think that there are many useful things in our life that make it easy and enjoyable. For example, mobile phones (we can call from any place and know where our kids are), computers (delete all the borders), spy earpiece (can be very useful when you need some secret communication), and so on. I’m in favor of reasonable usage of modern technologies and I wouldn’t like to live at the end of the 19th century with no technologies.

oming in June DeKalb gets a Collegiate Prospecting Baseball team called the Liners. These games will be played at Founders Field in sycamore. Looks like there are about 15 home games, price varies from 6 – 10 dollars. there is group pricing and table pricing as well.

Here is a little information taken from the Liners website

“Starting June 6, 2010, the Liners will play their first home summer collegiate baseball games at the renovated “Founders Field” located in the Sycamore Park, @ Airport Road, just off Route 64, in Sycamore, Illinois. The Liners baseball team roster will include local and national collegiate players.

The Liners are members of the Prospect Summer Collegiate Baseball League. The Prospect League is comprised of teams participating in 3 divisions, in Illinois, Missouri, Indiana, Ohio, Pennsylvania, West Virginia and Tennessee. Since the 1960’s, the Prospect League has been attracting some of the most talented collegiate baseball players to play their summer baseball in the league. Nearby teams are located in Springfield, Danville, Quincy and Lisle, Illinois. Listed below are some of the many current and past major leaguers who have played in the Prospect League: Gary Gaetti, Joe Girardi, Rusty Greer, Ken Holtzman, Ryan Howard, Don Kessinger, Jonathon Papelbon, Kirby Puckett, Rick Reuschel, Mike Schmidt, Kevin Seitzer, Tim Stoddard and Jim Sundberg.

“We are pleased to support The DeKalb County Baseball Club, in its efforts to bring summer collegiate baseball games, lots of fun and entertainment to the citizens of DeKalb County. Liners Baseball – 2010 – Be a part of it!”” – taken from Liners website

Personally I am looking forward to be able to go to watch a good baseball game and not walk away 200 dollars less in my pocket. Cant wait to see you out there!

*reposted from darenews.wordpress.com

Yes, it's true! As a matter of fact it's coming to an end very soon! If you hope to take advantage of this special tax credit incentive you have until April 30, 2010 to have a contract accepted and until July 01, 2010 to close.

I talk with people weekly about the incentives given by the government to encourage people to buy homes. So many are confused about the extension of the tax credit. They seem to have much mis-information. This credit is expiring soon so make your move today!

Below is the current and correct information regarding the tax credit:

How much is the credit?

For 1st-time buyers the credit is equal to 10 percent of the cost of the home up to a maximum of $8,000 (or $4,000 for a married individual filing separately). For longterm homeowners, the credit is equal to 10 percent of the purchase price up to $6,500 (or $3,250 for a married individual filing separately). So keep this in mind as it is not a guaranteed $8,000.

I helped a client get his CASH offer accepted on a short sale property the other day that was $79,900. How much is his credit? $7,990. Your purchase has to be $80,000 or higher to get the maximum tax credit available.

Are there income limitations?

People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after Nov. 6, 2009. The credit phases out for individual taxpayers with modified adjusted gross income between $125,000 and $145,000 or between $225,000 and $245,000 for joint filers.

What is the deadline for using the tax credit?

Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010.

Does the credit have to be repaid?

No, as long as the buyer stays in the home for at least three years. If the home is sold within three years of the date of purchase, the buyer is required to pay back the full amount of the credit, including any refund received.

Which properties are eligible?

Any single-family home (including condos, co-ops, townhouses) that will be used as a taxpayer's principal residence.

How do I claim the tax credit?

For qualifying purchases, taxpayers have the option of claiming the credit on either their 2009 or 2010 return. The credit reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar. It is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed. The credit is claimed using IRS Form 5405.

Call Randy Schulenburg for more FREE Information.

As Always, when you're ready to buy, sell or finance a home call me at the number below.