Federal Tax Credit for first time home buyers For homes purchased on or after April 9, 2008 and before January 1, 2009 : 1)The tax credit is available for first-time home buyers only. 2)The maximum credit amount is $7,500. 3)The credit is available for homes purchased on or april 9, 2008 and befo
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08/31/2009
My husband and I just got back from a wonderful weekend at Catalina Island, and while there bought a fascinating book about how the Chicago Cubs used to hold their spring training camp there for many years. Mr. William Wrigley, of chewing gum fame, bought a share in the Chicago Cubs in 1916, and
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08/31/2009
My husband and I just got back from a wonderful weekend at Catalina Island, and while there bought a fascinating book about how the Chicago Cubs used to hold their spring training camp there for many years. Mr. William Wrigley, of chewing gum fame, bought a share in the Chicago Cubs in 1916, and
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08/30/2009
INCOME TAX BENEFITS OF HOME OWNERSHIP:The following link is a good summary of the tax benefits of home ownership, including a discussion of the tax deductibility of mortgage interest, property taxes, and other issues: http://www.finance.cch.com/text/c20s15d690.asp To estimate the tax benefits of
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08/30/2009
The recent Rancho Palos Verdes fire that burned over 200 acres in the Portuguese Bend area, although a near tragedy, demonstrated many examples of the wonderful spirit of community that exists on the Palos Verdes Peninsula. 1) San Pedro horse trainer Callie Bell hitched up her trailer and loaded
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08/30/2009
CAPITAL GAINS ON SALE OF RESIDENCE: The Federal capital gains rate for long-term (property held for more than 1 year) capital gains for the sale of real estate for most tax payers is 15% ( See Capital Gains Rates for a discussion of Federal capital gains tax rates, particularly the 28% rate for d
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08/30/2009
A Los Angeles Superior Court judge has ruled in favor of a nearly 20 year old Rancho Palos Verdes view restoration ordinance , rejecting an argument by property owners who the City required to clear trees on their property that their neighbors had waited too long to request that their views be re
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08/29/2009
The Rancho Palos Verdes Planning Commission voted on Tuesday night to have another public hearing regarding the proposed "Event Garden" on Jim York's property near Portuguese Bend. After a roomful of local residents told the Planning Commissiners that they did not have an opportunity to be heard
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08/27/2009
Terranea Resort's Construction Lender, Corus Bank, joined it's mezzanine lender in filing a notice of default, which is the first step in foreclosure proceedings. Corus Bank is just a few days away from being sold or taken over itself due to the majority of their loan portgolio being in trouble.
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08/27/2009
South Bay Median Home Prices in the South Bay of Los Angeles rose last month. Carson, Inglewood, Rancho Palos Verdes, Redondo Beach and Torrance all saw month-to-month increases in their respective median home prices, according to a report released Tuesday by the California Association of Realtor
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08/26/2009