Tag Archives: Elizabeth Mendenhall

Statement from NAR President Elizabeth Mendenhall about IRS Clarification on HELOC Deductions

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Washington, D.C. – February 22, 2018 (nar.realtor) National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement regarding the IRS announcement clarifying tax deductions taken on home equity loans, lines of credit or second mortgages:

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“The National Association of Realtors® is pleased with the IRS announcement clarifying and confirming that under the new tax law owners can continue to deduct the interest on a home equity loan, line of credit or second mortgage when the proceeds are used to substantially improve their residence. There has been much confusion on this issue, and the continued deductibility will bring real benefits to those who choose to take on remodeling projects to bring more resale value to their home or gain equity that may have been lost during the downturn.”

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Sara Wiskerchen
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Voice for Real Estate – Tax Reform, Selling Solar

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NAR President-elect Elizabeth Mendenhall was on Capitol Hill to reinforce REALTORS’ position that any tax reform must protect, not hurt, homeowners. NAR has concerns with the Administration’s proposal because it would hurt homeowners by taking away more deductions than would be offset by the increase in the standard deduction. Also, NAR legal and sustainability staff explain the opportunities and hurdles to selling the increasing number of homes with solar panels.

The NAR Committee Appointment Process Explained

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In the following video, from the National Association of REALTORS YouTube channel, 2016 NAR President-Elect, Bill Brown, and 2016 NAR First Vice President, Elizabeth Mendenhall, discuss the more streamlined, efficient committee appointment process for 2017.