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 […]
(video) Simi Valley Home Sellers – This is a “Goodbye Market”
Simi Valley Home Sellers – Gary Keller Author of Shift say this is a “Goodbye Market” ABC’s Good Moring America produced this piece to help Homes Sellers better understand the challenges selling a home in this market. The key message coming out of this, is that homes not only need to be priced right, but […]
Great Information on Real Estate from Phoenix
I wanted to give a nod to Dean Ouellette over at Thompson Realty. Dean has been very good at collecting great articles on Real Estate and created the Top 10 Real Estate Posts of the day on his blog www.deansellsaz.com. This is a great resource to bookmark or subscribe via RSS feed and of course […]
New Lower Rates For Title Insurance – Consumers Benefit
Tuesday – I learned that both Lawyers and Chicago Title Insurance Companies had simplified their rates. I see this as a great move on the part of these two title companies. What they have done is made their short term rate now the standard rate. Previously, the short-term rate was a discounted rate homeowners would […]
New RESPA Regulations to help drive out Bait & Switch Artists of the Morgage Industry
RESPA changes enacted January 16, 2010 will benefit Simi Valley home buyers and help them understand the costs of their financing on the new good faith estimate (GFE) and HUD-1 settlement statements. When shopping for a loan, the mortgage broker must give a good faith estimate to the client that outlines the costs of the […]
The Lunatics Have Taken Over The Asylum
The lunatics have taken over the asylum. (CNBC video interview at end of this post) Beside being the song title of a 1980s new wave band (Fun Boy Three), the title of this post may be more accurate than even I realize. I follow the papers, several blogs including Calculated Risk, Square Feet Blog, industry […]
Simi Valley Home Buyers – Tax Credit Waiting for Obama
That’s right Simi Valley home buyers, the tax credit is waiting for Obama’s signature. The tax credit legislation passed the House today in a 403 to 12 vote. The Senate vote was 98 to zero. This time around there a few additions, these are pointed out in my video blog below. One thing I did […]
Update on Extending the First Time Home Buyers Tax Credit
Update on Extending the First Time Home Buyers Tax Credit The First Time Home Buyers Tax Credit is set to expire on November 30th. The reality of this deadline means that the buyers out now need to get a home in escrow by the 20th of October. The Thanksgiving Holiday will add days to any […]
A BIG nod for my efforts on the future of Real Estate Technology
(September 3rd, 2009 – Los Angeles) Ted Mackel has been named for the California Association of Realtors Expo Tech Opening Session: Text, Tweet, and Sell: A Dialogue on Tech’s Possibilities for Today’s Agents,” panelists: Drew Burke, Ted Mackel and , moderated by Joel Singer. Panel for Tech Tuesday is in San Jose on October 6th. […]
False Recovery? How Fragile is the Simi Valley Real Estate Market
False Recovery? How Fragile is the Simi Valley Real Estate Market This is a chart I whipped up last year trying to illustrate what a mortgage interest rate does to the real estate market when it goes over 6%. I might have posted it before, but it really needs another look at with our current […]
