Economics

Jan. 10, 2019

Most Expensive Sale of 2018 - SD County

Take a look at San Diego’s biggest real estate sale of 2018 Let’s face it, the allure of living in San Diego is hardly the well-kept secret it once was. With beachfront properties among the finest in the world, San Diego has been known to draw in some of today’s ...

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Nov. 5, 2018

Prop 10 Bringing Contention to Rental Housing Market

Prop 10 Midterm elections rental housingMidterm Elections are upon us and it’s time to hit the voting booths! TV screens are flooded with “vote yes” and “vote no” ads, and campaign banners can be found in front yards and social media pages across the nation. This is the time for people to rally and stand ...

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May 4, 2008

HR 5830: The FHA Housing Stabilization & Homeownership Retention Act

On April 17, 2008, Rep. Barney Frank introduced in the House a bill that would enable the FHA to refinance home loans at 90% of current market value with the goal of keeping more home owners in their homes. I will track this bill through the House and Senate as ...

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Jan. 7, 2008

Short Sale and Phantom Tax Debt Relief Overview

Lots of questions have arisen from people since President Bush signed into law the Mortgage Forgiveness Debt Relief Act of 2007, whereby in certain circumstances, a homeowner does not have to pay federal income tax on debt forgiven on a loan secured by a qualified principal residence via a short ...

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Dec. 21, 2007

Bush Signs Mortgage Debt Forgiveness Act

With a stroke of the pen, President Bush signed into law H.R. 3648, The Mortgage Debt Relief Act of 2007, and dramatically changed the lives of homeowners across the country who are facing foreclosure, considering a short sale, negotiating a loan workout, or have done any of these since ...

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Dec. 16, 2007

Mortgage Debt Forgiveness Passed by Senate

UPDATE: President Bush signs HR 3648, The Mortgage Forgiveness Debt Relief Act of 2007.

It took them close to two and half months, but the U.S. Senate finally got around to passing H.R. 3648, The Mortgage Forgiveness Debt Relief Act of 2007. Initially sent to the Senate on ...

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Oct. 30, 2007

California Tax Refunds For Fire Victims

Immediate tax relief in the form of tax refunds is available to victims of the wildfires in the seven Southern California Counties of San Diego, Santa Barbara, Ventura, Los Angeles, San Bernardino, Orange, and Riverside, The Franchise Tax Board (FTB) announced.

One of the relief measures put forth by the ...

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Oct. 29, 2007

Property Tax Relief For San Diego Fire Victims

Many San Diego County property owners who suffered damage from the fires that ravaged the County are eligible for property tax relief.  

California law, Revenue & Taxation Code Section 170, provides property tax relief for taxpayers whose property was damaged or destroyed as a result of the wild fires ...

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Oct. 29, 2007

Bank of America To Cut Off Mortgage Brokers

Ken Lewis, CEO of Bank of America, the nation’s second-largest bank, announced on Friday that it will shut down its consumer real estate division and its wholesale lending unit, which offers residential mortgages through over 7,000 independent brokers, at the end of the year.  

The move signals a ...

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Oct. 5, 2007

House Passes Mortgage Forgiveness Debt Relief

Many San Diego homeowners considering a short sale or facing foreclosure got a bit of good news today with the U.S. House of Representatives passing H.R. 3648, The Mortgage Forgiveness Debt Relief Act of 2007. The bill addresses the forgiveness of acquisition debt, which is that debt used ...

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