Posts Tagged ‘real estate taxes’
Possible End to Housing Shortage in CA?
There is a new voter measure that could put an end to the housing shortage in California if placed on the November voting ballot and passed. The proposition would allow homeowners 55 and older to reap tax benefits upon selling their homes by eliminating the “disincentive” to sell, and making it possible to move to…
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Qualified Home Owners – Save in Taxes on Next Home Purchase
People are always asking me how they can save money on home purchases and sales, and legislation under California Propositions 60 and 90 is one of the best ways to do just that. BUT, you have to meet certain qualifications. Proposition 60 and 90 help home sellers transfer their current residential tax base to the…
Read MoreWill the Short Sale Tax Break Be Extended?
It is almost here: the dreaded end of the federal short sale tax breaks, also known as the Mortgage Forgiveness Debt Relief Act. Come December 31, sellers who have not yet closed escrow on their short sales will no longer escape the capital gains tax on the difference between the sales price (of their home…
Read MoreReal Estate News REcap for January 12, 2012
There is a lot of news out there in the real estate market, and much of it is very positive in pointing toward a market recovery. I am not putting a spin on things – this is what is going on now and the news looks good. Mortgage Delinquencies Down. The number of mortgage delinquencies…
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