It’s the most, wonderful time, of the y… wait a minute. Before you go dancing around in the Holiday spirit, did you remember to pay your first installment property taxes yet? If not, you better hustle because today is the deadline before the County assesses a 10% penalty. Ouch! That’s not cheap. For many San Diego […]
Headlines in Real Estate for week ending February 22nd 2013
Here’s what you might have missed this week in real estate news. Neighbors’ effect on appraisals The New York Times When calculating the value of a property, an appraiser also factors in surrounding conditions. Neighborhood nuisances like an overgrown yard or a resistant odor could, in some cases, bring down the value of adjacent homes […]
CA short sellers may not be off the hook yet
Amid the fiscal cliff resolution a number of measures were subtly added in the bill ranging from tax breaks for NASCAR to tax credits for algae growers (I’m not making these things up). A much anticipated and welcome piece of legislation was the extension of the Mortgage Debt Releif Act of 2007 to January 1st, […]
6 Tax Facts Home Sellers Should Know [Inforgraphic]
With 2012 coming to a close, it’s best to cross those “T”s and dot those “I”s for the upcoming tax season. selling a home is a big deal especially when the proceeds result in a net gain upwards of $250,000. Knowing your tax exemptions and liabilities is essential and is hopefully considered prior to selling […]
Headlines in Real Estate for week ending October 12th 2012
This week in real estate headlines: Fraud, Lender forced home owners insurance and the clock is ticking for short sale tax breaks. Here are the headlines in real estate you may have missed this week: Short sale fraud “heating up,” expert says (Orange County Register) A panel of short sale experts presenting at CALIFORNIA REALTOR® […]
Is California growing a conscience?
Foreclosures, Short Sales, Loan Modifications and Taxes With so many California residents suffering from the economic downturn, loosing their homes to foreclosure, short sales and loan modifications, I’ve found it very disappointing that California would not follow suit with the Federal Governments Mortgage Debt Forgiveness Relief Act. The Federal provision bans the IRS from taxing forgiven […]