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Come this January 1st a whole new era in the foreclosure/distressed Market Place will come alive–the “Homeowner’s Bill of Rights”, most every state will have one, goes into effect. Some of the more dramatic highlights: Tenants with valid leases written PRIOR to the foreclosure can have them REMAIN in effect. Tenant leases a home for [...] Attention all Sonoma County Tax payers! Don’t forget THESE Tax Deductions when you file for 2012 Returns! Believe it or not, as taxpayers, we may overlook some seemingly obvious deductions that could save us more of our hard-earned money. Here are some of those items to keep in mind when tax time is looming. [...] I was very tired of getting offensive emails stating “Obama Care” was going to hit EVERY home sale with a 3.8% “Home Sales Tax”. These purveyors of untruths actually would show a home sales price of $250,000 and then state: “3.8% or $9,500 you’ll be forced to pay for Obama Care!”. WRONG! As a friend [...] Russian River Area Realtor and Vacation Rental Ordinance expert, Kyla Brook — and long time Sonoma County Permit Consultant extraordinaire, Tom Havstad return, Sunday 2/12/2012, to fill us in on some strange goings on at the Permit Resources Management Department (PRMD)….hmmm, imagine that. Do you own a vacation rental in Sonoma County? Have you complied [...] After a bit of confusion last week, Join us THIS Sunday 2/05 as we discuss the status of the Sonoma-Marin Area Rail Transit project, better known as SMART, with General Manager, Farhad Mansourian. Last week, SMART General Manager, Farhad Mansourian, addressed a room full of Sonoma County Realtors and affiliates. His goal was to [...] Me and Allison at Leg Day 2011 in Sacramento Allison and I joined forces with thousands of other Realtors throughout the State of California [...] NAR, the National Association of Realtors has issued a “Red Alert” call to action, asking all Realtors to join them in reminding congress how important the Mortgage Interest Deduction (MID) is to national and local real estate markets, and to the economy as well. There has been talk recently of changes to, or the [...] Ways to Save on your Taxes Replacement Residence Exclusion (Propositions 60, 90 and 110) Propositions 60, 90 and 110 are voter-approved amendments (Revenue and Taxation Code, Paragraph 69.5) which allow qualifying Sonoma County homeowners to transfer the taxable value of a previous residence to a new residence. For many people, this can result in substantial [...] From the National Association of Realtors, Friday, July 1, 2010; “I am happy to report that Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010. The extension applies only to transactions that had ratified contracts in place as of April 30, 2010, and have not yet closed. There [...] Federal Tax Credit Extension Imminent! Maybe Until September 30th!! Good news for short-sale buyers!As the real-estate industry rushes to help buyers close in time to get its $8,000 tax credit, it may get some (more) help from Uncle Sam. On Wednesday, the Senate approved a proposal to extend the closing deadline on the tax credit of up to $8,000 for homebuyers. Under the measure, buyers would have until [...] |
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