County Treasurer-Tax Collector Dan McAllister has mailed the 2012-2013 Secured Property Tax Bill. This year, 980,654 San Diego County Property Taxpayers can expect to receive their new bill. This represents an all time record high number in tax bills being mailed to...
'California is God's best moment," says Joel Kotkin. "It's the best place in the world to live." Or at least it used to be. Mr. Kotkin, one of the nation's premier demographers, left his native New York City in 1971 to enroll at the University of California, Berkeley....
From NMN: The new platform of the Republican Party calls for downsizing the Federal Housing Administration mortgage insurance program and winding down the “size and scope” of Fannie Mae and Freddie Mac’s secondary market activities. “The FHA, which tripled in size to...
From HW (If the candidates need help, see JtR answers in italics): President Obama and GOP challenger Mitt Romney should start talking about their housing policy intentions, experts in the industry said. A group of associations, nonprofits and think tanks made...
An excerpt from the Will Carless article at the Voice of San Diego - hat tip to several readers! The Poway Unified School District may be California’s poster child for exotic school bond financing, but it is by no means alone in San Diego County. As I detailed in my...
From the latimes.com: SACRAMENTO — State lawmakers typically keep modest quarters near the Capitol to use when they're in town, with help from their tax-free expense allowance of $28,000 a year. Assemblyman Tony Mendoza bought a three-bedroom home instead, paying...
This is excerpted from the wsj.com and includes the paragraphs on how profits are determined. The homeowner is left at 100% LTV, old investors lose their shorts, new investors make 20% to 30%, and the guy who thought of it rakes in 4-5 points per deal: Tapping the...
Hat tip to shadash for bringing this up, and to Kingside for the clarification - from CAR: New Anti-Deficiency Protection for Refinance Loans Made After January 1, 2013 Starting January 1, 2013, a new California law will protect homeowners who default on their...
From MND: The House Oversight and Government Reform Committee issued a report today on Countrywide Mortgage and its so-called VIP loan program which the committee said was "a tool used by Countrywide to build goodwill with lawmakers and other individuals positioned to...
Now that Obamacare has made it this far, let's re-visit the tax on house sales. Here is a link to the FAQs from the NAR (hat tip to goaround for the reminder): http://www.realtor.org/small_business_health_coverage.nsf/pages/health_ref_faq_med_tax?opendocument The...
