On June 23rd, CNN Money wrote:

"The Internal Revenue Service, citing the drain that high gas prices are having on people's finances, said Monday it is raising the automobile mileage rate that businesses and others can claim.

The tax agency said the optional standard rate to calculate deductible operating costs for vehicles will rise from 50.5 cents a mile to 58.5 cents for the final six months of 2008."

 

Click here to read the full article. 

 

We here at Kazork are feeling the squeeze at the pumps too.  We realize we can't do anything about the price of gas for your car, but we try to do our part by keeping the commissions being paid higher than the industry standard.  We hope that the extra commission helps!

Countrywide was sued by Florida Attorney General on Monday, alleging misleading and unfair trade practices.  Florida's suit follows on the heals of similar suits filed in California and Illinois last week.  Click here to read the article.

In a sign of just how bad the foreclosure epidemic is, CNN Money compiled a list of the rich and the famous who are facing foreclosure (or already have).  Click here to see the list.

Here's another interesting article from CNN Money about foreclosures. In the first quarter of the year, more and more homes were in foreclosure, setting record numbers for the sixth quarter in a row, according to the article. Click here to read the article. Then come back and tell us, how bad are foreclosures in your area? What's your experience been like with them?

(Note: Clicking on the link above will not end your session on Kazork.com. It will open in a new browser window. Be sure to disable your pop-up blocker for Kazork.com in order to view the article.)

Here's an article we found that we thought might interest some of you about short sales. Click here to read the article. (Note: clicking the link will not take you off of Kazork.com. It will open a new browser window. Be sure you have your pop-up blocker disabled for Kazork.com in order to view the article.) Then come back and tell us how your short sale experience has been. Have you ever been involved in a short sale? Did it go through or not?