Someone lit a fire under Rep. Charles "Charlie" Rangel, which is good news for the San Diego real estate market in general, and many homeowners trying to determine the lesser of two evils, foreclosure or a short sale and the tax liability which goes with it.
Earlier today, the House …
Rep. Charles "Charlie" Rangel , Democrat from New York and Chairman of the House Ways and Means Committee, today introduced H.R. 3648 to amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on principal residences from gross income, and for other purposes.
Currently the tax code …
The Bush White House endorsed two new bipartisan bills aimed at eliminating the 1099C lenders are required by law to issue to sellers who "benefit" from debt relief realized with a short sale. The current tax code treats this debt relief as earned income. With the proposed legislative changes …
View MoreAn old scam has raised it's ugly head again in the ever popular La Jolla, Pacific Beach, Mission Beach and Ocean Beach rental markets.
The target: unwary renters.
The bait: vacant property advertised on craigslist, usually at below market rates that generate a lot of interest.
The …
While the fourth parcel of the $50 million Del Mar beach front estate of San Diego money manager Arthur Nicholas closed escrow on May 30 as expected, the name of the buyer caught some by surprise.
When the four parcel beach front compound was originally listed for sale in July …
It appears that the previous record sale of $25 million for a San Diego County property is about to be shattered.
According to the Union Tribune’s Roger Showley, Gary and Jerri-Ann Jacobs have closed escrow on three of the four parcels that make up the beach front estate on Ocean …