At the end of this report I have attached a letter of SUPPORT for SB 30 from Sen. Joel Anderson, the co-author of the bill. As I mentioned last month, SB 30 would provide relief to struggling homeowners by shielding them from taxes on forgiven mortgage debt after a “short sale,” and bring California law […]
Gene Wunderlich, Sr. Staff Writer
Gene Wunderlich is the Government Affairs Director for Southwest Riverside County Association of Realtors. If you have questions on the market please contact me at GAD@srcar.org or to keep up with the latest legislative and real estate trends go to http://gadblog.srcar.org/.
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- Website: http://gadblog.srcar.org/
If you’re thinking about buying a home in the near future or are trying to buy a home right now, here are a few tips to help you navigate the process.
Lots of good news today – we’ll start with some legislative news. As part of the ‘Fiscal Cliff Bill’ passed by Congress in January, there was a provision to ‘extend the exclusion of the discharge of qualified principal residence indebtedness to debt that is discharged’. In plain English, if you short sell your home you […]
During the past year, as I’ve reported on shrinking housing inventories coupled with strong demand, many of you have asked me the same question – ‘why aren’t prices going up?’ There was no answer other than – ‘they should be’. Even the government can contravene the laws of nature for just so long.