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Saturday, March 19, 2016

The Tax Deductions That Can Save You Thousands

There's a whole list of homeowner-related tax breaks that you might be leaving on the table. 


Read more . . .


Friday, September 4, 2015

Watch Tiffany Ballenger interview on August 29th episode of Fox News Channel's "Bob Massi is the Property Man"

Tiffany Ballenger, Esq., of Phillips Ballenger Estate Attorneys, is again featured as a legal expert the Fox News Channel's show, "Bob Massi is the Property Man" (episode aired on Saturday, August 29th).

In this segment, Tiffany discusses different legal strategies and options for struggling homeowners.

            Watch Tiffany's interview here.  

            To learn more about the show, click here.

Stay tuned for more episodes of "Bob Massi is the Property Man" Saturdays on the Fox News Channel at 9am PST (12pm Eastern) and Sundays at 12pm PST (9am Eastern).

Thanks for everyone's comments and feedback!  So glad you're watching! 

-Tiffany

 


Tuesday, August 18, 2015

Fox News Channel features attorney Tiffany Ballenger

Phillips Ballenger's Tiffany Ballenger was featured as a legal expert on the new Fox News Channel's show, "Bob Massi is the Property Man". 

"Bob Massi is the Property Man" brings viewers important analysis and answers on the real estate and housing markets. 

Fox News legal analyst and Nevada real estate attorney Bob Massi provides his invaluable insight and expertise on the trends in the constantly shifting markets. 

On the half-hour show, Massi offers advice to homeowners who are dealing with declining property values and other problems following the housing crisis. Industry experts join Bob to offer their analysis of property trends and deals.

Watch a clip featuring Tiffany Ballenger  here
To learn more about the show, click here.
 
 
Watch "Bob Massi is the Property Man" Saturdays on the Fox News Channel at 9am PST (12pm Eastern) and Sundays at 12pm PST (9am Eastern).

 


Saturday, February 22, 2014

Phillips Ballenger Announces Military and Teacher Discounts

We are happy to announce that all current and former Military service members and current teachers will be offered a discount on Estate Planning, Asset Protection (including LLC formation and Nevada Asset Protection Trusts) and Short Sale/Loan Modification retentions. 

This is our way to thank you for your dedication and service to our country and community!

-Tiffany Ballenger, Esq.


Wednesday, February 19, 2014

Update on the Mortgage Debt Cancellation Tax Relief- 2014

Update on the current status of the mortgage debt cancellation tax relief provision that expired at the end of 2013.  As soon as the last one-year extension was passed on New Years’ Day 2013, NAR (National Association of Realtors) began working on another extension of this critical tax provision.  With NAR’s encouragement, champions of this provision introduced bi-partisan bills in both the House and Senate (H.R. 2994/S. 1187), to extend the provision for one or two years. Unfortunately, the current prospect of these bills being enacted in the short term is not particularly high. We are facing four big hurdles. 

1. The Chairmen of both of Congress’s tax committees (Senate Finance and House Ways and Means) have committed to passing comprehensive tax reform legislation before the end of 2014.  As part of reform, they have both indicated that they plan to go through the long list of expiring items, including mortgage debt cancellation, and cull those that are not worthy of permanence and make all the “worthy” ones a permanent part of the tax law.  However, tax reform is unlikely to be completed in the coming months. If Congress were to extend the expiring provisions now, it might appear that they were giving up on tax reform.  This is not a signal they wish to send.

2. There are over 50 such expiring tax provisions (often referred to as “extenders”).  Congress rarely passes single tax provisions by themselves. The rules in both the House (and especially the Senate) could allow for added amendments that would turn a simple bill with wide support into a politically divisive bill.

3. The extension of the tax relief “costs” money to the Treasury.  The Joint Committee on Taxation estimates that a one-year extension of the mortgage debt cancellation relief would cost $3.7 billion.  Some Members of Congress will insist that amount be offset by raising taxes elsewhere or cuts in spending – an ongoing debate in Congress. 

4. The Chairman of the Senate Finance Committee, Senator Max Baucus of Montana, has been nominated by President Obama to serve as the next United States Ambassador to China.  His departure from the Senate will turn the chairmanship over to Senator Ron Wyden of Oregon.  As with any change in committee leadership, there will be an adjustment period.

In sum, NAR tried to have the extension passed by year-end but it was not possible. Because of the factors listed above, NAR has so far decided not to issue Member-wide Call for Action at this time, but has instead focused on working with Congressional leadership and the bill sponsors to find additional support for moving this legislation now that Congress has returned to Washington.  Our lobbyists are in daily meetings with Members of Congress, pressing for an extension and providing the most up to date data on short sales and foreclosures to continue to highlight this as a top priority. 

What can you do?  First, you can contact your Representative and Senators to urge them to act on these bills.  The more Members hear from constituents, the better. 

At this point our best estimate is that Congress will pass some extension of this law, probably late in 2014, and make it retroactive.  There is precedent for Congress doing this, but no guarantee.

Thank you to the National Association of Realtors for this timely update (permalink to the original article: http://www.realtor.org/articles/2014-update-on-mortgage-cancellation-tax-relief).

Tiffany Ballenger


Friday, August 16, 2013

Nevada Law Update: Nevada Homeowner's Bill of Rights

Nevada Senate Bill 321 Assists Homeowners Facing Foreclosure


Read more . . .


Friday, August 16, 2013

BOOT CAMP: Foreclosure and Loan Workout Procedures

Education Event! Tiffany Ballenger presents for the National Business Institute, Monday September 16th, 9am- 4pm at the Gold Coast:

Not for the faint of heart, this fast-paced course is designed to provide a comprehensive procedural orientation to the foreclosure process and alternatives to foreclosure. Expert faculty will identify all of the options available for loan defaults and guide you through their mechanics - from forbearance agreements and loan modifications to short sales and the foreclosure process itself. Along with this engaging seminar, you'll receive a reference manual filled with in-depth, detailed information on each of the options discussed, so you can dig into specific laws as you need them. Get the most bang for your buck - enroll today!

  • Learn what loss mitigation solutions are available in residential situations and how to put them in place for your clients.
  • Walk through the foreclosure process and sale to avoid legal missteps when you're guiding clients through them.
  • Ensure your forbearance agreements include crucial provisions to protect collateral.
  • Be prepared to handle the entire short sale process.
  • Understand the lender liability surrounding loss mitigation options.
  • Maintain an ethical practice by understanding what conflicts of interest may exist when dealing with troubled real estate loans.

Who Should Attend

This practical, basic-to-intermediate level course is designed for:

  • Attorneys
  • Real Estate Professionals
  • Title Insurance Professionals
  • Lenders
  • Paralegals

Course Content

  1. The Foreclosure Process
  2. Forbearance Agreements - Structure and Important Provisions
  3. Loan Modifications
  4. Short Sale Procedures
  5. Deeds-in-Lieu of Foreclosure
  6. Receivership
  7. Lender Liability Issues
  8. Ethical Considerations When Dealing With Distressed Property

Continuing Education Credit

Sign Up Here: http://www.nbi-sems.com/Details.aspx/R-62826ER%7C?ctname=SPKEM
 

Continuing Legal Education – CLE: 6.00 *

Institute of Certified Bankers – ICB: 7.25 *


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Phillips Ballenger is located in Las Vegas, NV and serves clients in the Las Vegas, Summerlin, Henderson, and Boulder City areas.



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