Bank group has annual meeting - 2004-02-14
In her report to the members of Milford Federal Savings & Loan Association at the 67th annual meeting, President and Chief Executive Officer Cynthia A. Casey gave an update on the progress of the Association in 2003.

Mrs. Casey noted record mortgage applications, closings, and earnings. The Association continued its commitment to the first time homebuyer, granting over $13 million under its affordable mortgage programs.
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Transform new rental property into dream house - 2004-02-14
Q: My wife and I own a six-unit apartment building, worth at least $600,000, probably more, mortgage free. We would like to sell it and use the $600,000 to buy our dream home.

A: It's called an Internal Revenue Code 1031(a)(3) Starker delayed tax-deferred exchange. If you take any cash or net mortgage relief out of the exchange, that portion of your capital gain is taxable.
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