Sept. 12, 2018

What's the Deal with CA Prop 5?

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Oct. 25, 2013

Property Tax - Dates to Remember

As the weather cools downs it’s a reminder property taxes are coming due. There is some confusion over when property taxes are actually due. The tax collectors fiscal year starts on July 1st and tax payments are made on a semiannual basis based on the properties assessed value.

First payment ...

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Posted in Taxes
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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Dec. 7, 2007

Short Sales, Taxes and the IRS


UPDATE: 12/20/2007 - President Bush signs The Mortgage Forgiveness Debt Relief Act of 2007

UPDATE: 12/14/2007 - Senate Passes Mortgage Forgiveness Debt Relief Bill


Given the current state of the San Diego real estate market, it is no surprise that the most frequently asked question we ...

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Nov. 11, 2007

San Diego Property Taxes - It's That Time of Year

Lest we forget, November 1st marks the date the first installment of property taxes are due. The dates tend to confuse many property owners, so below is some basic information about taxes for real property in San Diego County.


July 1 - Beginning of fiscal year
January 1 ...
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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. 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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