So, you’re trying to figure out if you have California Tax Liability With The State of California if you sold your Simi Valley home via Short Sale or are planning to short sell your home. SB 401 is set to work in line with the IRS Mortgage Debt Relief Act of 2007 forgiving tax liabilities […]
California Foreclosure Time Frames – How much time do you have?
California foreclosure time frames. How much time do you have before foreclosure? The following information will outline issues you should be concerned with if you are facing foreclosure in the state of California. If you have any questions, please use the comments below, I’ll be happy to help where I can. In the state of […]
Median Home Prices and Regional Reporting Misrepresents Local (Simi Valley) Market Conditions
Median Home Prices and Regional Reporting Misrepresents Local (Simi Valley) Market Conditions To find the median home price, you take all the sales from highest to lowest and find the middle number. This approach to determining the current real estate market conditions is a waste of time and not reliable. The following chart below shows […]
Are Tax Credits Luring Simi Valley Home Buyers in a Cash for Clunkers Scheme?
Federal and California tax credits were created to lure home buyers into the market. Simi Valley home buyers have a small window of opportunity to take advantage of both tax credits and double-dip the system. The federal first-time home buyer tax credit of $8000 is set to expire April 30. More specifically, home buyers qualify […]