FORECLOSURE FREEZE — WHAT COULD IT MEAN FOR THE MARKET?
With Texas Attorney General Greg Abbott asking for a possible moratorium on foreclosures in the state, borrowers and lenders are both wondering what such a move might mean for the market. Latha Ramchand, associate dean for programs and administration at UH Bauer and a finance professor, is available to discuss all aspects of the plan, including the argument that a foreclosure freeze would merely delay what’s inevitable for consumers who can’t make overdue mortgage payments. In Harris County, the number of foreclosures posted in September — 4,691 — was the highest in more than two decades.
To schedule an interview with Ramchand, see Media Contacts section to the left.
A LOOK AT THE PAYOFF IN THE NEW SMALL BIZ TAX BILL
A tax bill signed into law in early October opens the door to new tax savings for small business owners. Janet Meade, who teaches taxation at the University of Houston C. T. Bauer College of Business, can explain how the Small Business Jobs Act has significantly expanded the dollar limit on deductions for purchases like new office equipment or business machinery — to $500,000 in the first year. It also offers tax savings for self-employed business owners who buy their own health insurance and makes it easier to deduct a cell phone used for business. Those improving property for their business may also be able to deduct costs of leasehold improvements, restaurant property and retail improvement property.
To schedule an interview with Meade, see Media Contacts section to the left.