More About Mortgage Debt Relief Act of 2007 - 02/29/08 06:55 PM
PRESIDENT SIGNS MORTGAGE FORGIVENESS DEBT RELIEF ACT OF 2007
TAX RELIEF FOR SHORT SALES
As many of you may know, one of the big impediments to short sales was the fact that the taxpayer would be charged with ordinary income for any debt which was forgiven by a lender in the short sale. … (0 comments)
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Court Strikes Down Bond Requirement for Home Equity Sales Contract! - 02/28/08 08:41 PM
Brought to you by the California Association of REALTORS®
COURT STRIKES DOWN BOND REQUIREMENT FOR HOME EQUITY SALES CONTRACTThe bond requirement for buyers' agent under the home equity sales contract law is unconstitutionally vague and unenforceable. That was the decision of a recent appellate case Schweitzer v. Westminster Investments, 2007 WL 4340853 … (0 comments)
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Transfer Property Tax Base if You are Over 55 in California - 02/27/08 11:15 AM
Office of Assessor COUNTY of Alameda CALIFORNIA
1221 Oak St., County Administration Building
Oakland, California 94612-4288
R O N T H O M S E N A S S E S S O R
South County Toll Free (800) 660-7725 www.acgov.org/assessor
TRANSFER OF PROPERTY TAX BASE FOR PERSONS 55 AND OLDER OR SEVERELY AND PERMANENTLY DISABLED (Revenue … (0 comments)
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IRS Will Send Stimulus Payments Automatically Starting in May;Eligible Taxpayers Must File a 2007 Tax Return to Receive Rebate! - 02/26/08 07:42 PM
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Proposition 8: Decline in Market Value - 02/25/08 01:21 PM
Proposition 8: Decline in Market Value
Proposition 8, passed in November 1978, amended Proposition 13 to reflect declines in property value. As a result, Revenue & Taxation Code Section 51 requires the Assessor to annually enroll either a property's Proposition 13 base year value factored for inflation, or its market value as … (1 comments)
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Why Purchase a Home in Today's Market? - 02/24/08 10:37 PM
Why Buy a Home in Today's Market?
www.yourpieceofcalifornia.com
1 Interest rates on long-term, fixed, and adjustable mortgages are at historically low
levels. The rate on a 30-year, fixed mortgage is hovering just below 6 percent, while,
by comparison, interest rates were hitting 8 percent and higher during the last market
downturn in the late 1990s, and … (4 comments)
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I Want to Sell my Home! Where Do I Start? - 02/23/08 02:25 PM
1. Find the Right Representative The experience and knowledge of a dedicated real estate professional can be priceless. A good Realtor® forms a powerful team with his or her clients that makes it possible for them to have a smooth, successful, stress-free sale. 2. Determine your Needs/Wants for the Sale and … (5 comments)
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A Buyer's Transaction! - 02/23/08 12:08 AM
Where do I Start? For many, beginning the homebuying process can be overwhelming. You may be uncertain about taking the initial steps. I hope this guide will help clear up some of those uncertainties by providing you with some useful information about the homebuying process.
When is the right time to start talking … (3 comments)
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Californians Can Purchase a New Home! - 02/21/08 07:57 PM
Group says more Californians can afford to buy their first homeBy ALEX VEIGA, AP Business Writer
(02-19) 12:13 PST Los Angeles (AP) --
Frustrated California renters take heed: A trade group says it's getting easier for people to afford their first home.
With home prices in a downward spiral in many once-booming areas, … (0 comments)
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NAR's Economist's Commentary! - 02/19/08 11:02 PM
Refueling the Housing Bubble? By NAR Chief Economist Lawrence Yun
The Federal Reserve has been aggressively cutting rates recently and the question is being raised about parallels to the past. Back in 2001, in the aftermath of the internet stock bubble collapse and the September 11 terrorist attacks, Alan Greenspan - then the … (1 comments)
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The Seller's Plan! - 02/15/08 11:25 PM
1. Find the Right Representative The experience and knowledge of a dedicated real estate professional can be priceless. A good Realtor® forms a powerful team with his or her clients that makes it possible for them to have a smooth, successful, stress-free sale. 2. Determine your Needs/Wants for the Sale and … (0 comments)
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Ecocomic Stimulus Package - 02/15/08 11:11 PM
President Approves Higher Loan Limits: On Wednesday (2/13), President Bush signed the economic stimulus package that includes a temporary increase in the conforming loan limits for mortgages backed by the GSEs (Fannie Mae and Freddie Mac) and the FHA. The new loan limits could rise to $729,750 in high-cost regions.
According to … (0 comments)
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