Sunday, April 18, 2010

California foregives debt on distressed sales

On April 12, 2010, Governor Arnold Schwarzenegger signed into law SB 401 (Wolk), the Conformity Act of 2010. It allows taxpayers who had all or part of the loan balance on their principal residence forgiven by their lender to exclude the forgiven debt from California gross income. More info: http://www.ftb.ca.gov/aboutFTB/newsroom/Mortgage_Debt_Relief_Law.shtml

Posted via email from Lisa's Real Estate News

Wednesday, April 07, 2010

San Diego market trends reports for April

Check out these 2 reports for updated market trends. Trends for homes priced under $1M
http://www.mediafire.com/?hkgwy0r2jzy  For homes priced over $1M check this out:  http://www.mediafire.com/?mx3nwwqijzz

Posted via email from Lisa's Real Estate News