Category Archives: Government Info

A Sad Update on Mortgage Loans

Posted on November 1, 2011 by

A few weeks ago I wrote about conforming loan limits which would end September 30, 2011 unless CONGRESS either extended the date, or passed a bill making our current loan limits permanent. I just received a memo from the California … Continue reading →

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PUTTING TAX DOLLARS INTO YOUR POCKET!

Posted on November 2, 2010 by

Many are discovering the great tax advantages offered with 1031 tax deferred exchanges. If you are not familiar with how this works, I’ll be happy to sit down with you and show you how you can invest some of your … Continue reading →

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NO MORE STATE TAX ON FORGIVEN DEBT

Posted on April 20, 2010 by

April 12, 2010: Distressed homeowners no longer have to pay California state income tax on debt forgiven in a short sale, foreclosure, or loan modification.  Enacted into law, Senate Bill 401 generally aligns California’s tax treatment of mortgage debt relief … Continue reading →

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A Hidden Treasure

Posted on April 6, 2010 by

Tax day is just around the corner, and many homeowners forget that they’re sitting on a wealth of potential savings — in their home. Tax deductions for homeowners are plentiful, so keep these guidelines in mind as you prepare your … Continue reading →

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Governor Signs Home Tax Credit Bill

Posted on March 30, 2010 by

On March 22, 2010 Governor Schwarzenegger signed AB 183 providing $200 million for home buyer tax credits.  The bill allocates $100 million for qualified first-time home buyers who purchase existing homes and $100 million for purchasers of new, or previously … Continue reading →

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Reminder: First-Time Homebuyer Credit Extended to April 30, 2010; Some Current Homeowners Now Also Qualify

Posted on March 9, 2010 by

A new law that went into effect Nov. 6 extends the first-time homebuyer credit five months and expands the eligibility requirements for purchasers. The maximum credit amount remains at $8,000 for a first-time homebuyer –– that is, a buyer who … Continue reading →

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Two NEW Available Tax Credits

Posted on March 10, 2009 by

$8,000 Tax Credit For Home Buyers The $8,000 tax credit for first-time home buyers should entice some first-time home buyers to “jump-in” and buy a home, but it may prove to do little in increasing overall demand as first-time home … Continue reading →

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Your Home and the IRS

Posted on May 20, 2008 by

You may not have current plans or any intention of selling your home. Needless to say, unexpected lifestyle changes or job relocations can alter your plans. In the case of such an event in your life, are you prepared to prove … Continue reading →

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Economic Stimulus Package

Posted on February 14, 2008 by

I thought this might interest you. This afternoon President Bush will sign the Economic Stimulus package into law. Last week, Congress gave overwhelming final approval to the Economic Stimulus Package supported by (NAR) National Association of Realtors and REALTORS® across the country. … Continue reading →

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Fed Rate Cuts Do Not Equal Lower Mortgage Rates

Posted on February 7, 2008 by

I found this article and I thought you would enjoy it.  He explains the current status of the mortgage rates.  It a great informative article.  Enjoy! Brought to you by Your Favorite Realtor, Nancy Hankin  Create Yourself a Wonderful Day!  … Continue reading →

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