Archives

LOS ANGELES, CA - July 19, 2011 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds Gov. Jerry Brown on signing SB 458 (Corbett) into law. SB 458 extends the protections of SB 931 (2010), to ensure that any lender that agrees to a short sale must accept the agreed upon short sale payment as payment in full of the outstanding balance of all loans.

La Jolla, CA - July 12, 2011 - (RealEstateRama) -- Southern California home sales last month shot up more than usual from May to the highest level for any month since June 2010, when the market got its last big boost from homebuyer tax credits. Sales of lower-cost homes, driven by investors and first-time buyers, and even high-end sales continued to outshine traditional move-up activity in middle price ranges, a real estate information service reported.

Los Angeles, CA - June 2, 2011 - (RealEstateRama) -- Los Angeles County Assessor John R. Noguez today announced completion of the decline in value review of homes in Los Angeles County. The annual review included all properties that had been granted a decline-in-value assessment for the 2010 assessment year as well as single-family homes or condominiums located in areas that continue to experience declines in the real estate market.

San Francisco, CA - May 18, 2011 - (RealEstateRama) -- Mayor Edwin M. Lee today introduced a proposed $248 million bond measure for the November 2011 ballot that will repave streets and eliminate potholes in neighborhoods throughout San Francisco and seismically strengthen and repair deteriorating bridges, overpasses and staircases, all without raising property tax rates and subject to independent oversight and regular audits. Recommended as part of the citywide Ten-Year Capital Plan to improve and invest in the City’s infrastructure, the Road Repaving & Street Safety Bond will also improve streetscapes for pedestrian and bicyclist safety, improve traffic flow on local streets and install sidewalk and curb ramps to meet the City’s obligations under the Americans with Disabilities Act. The measure is co-sponsored by Supervisors David Chiu and Scott Weiner with Supervisors John Avalos, David Campos, Eric Mar, and Ross Mirkarimi also signing on.

Torrance, CA - May 9, 2011 - (RealEstateRama) -- Shelby Q. McMahon has joined the national real estate law firm Pircher, Nichols & Meeks as an associate. Based in the Los Angeles office, she focuses on various aspects of property transactions such as acquisitions, sales and financing.

San Francisco, CA - April 7, 2011 - (RealEstateRama) -- The Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation have drafted consent decrees with the nation’s largest mortgage servicers that would purportedly improve their foreclosure practices. These legal agreements represent an inadequate attempt by regulators to address illegal servicing practices that have caused countless people to lose their homes.

Los Angeles, CA - December 30, 2010 - (RealEstateRama) -- Los Angeles County Assessor John R. Noguez today reminded property owners who may have been affected by the recent storms to contact his office as soon as possible for information about potential tax relief if rain, mud or related damage amounts to $10,000 or more.

SAN BERNARDINO, CA - December 28, 2010 - (RealEstateRama) -- San Bernardino County Assessor Dennis Draeger announced today that property tax relief will be available for victims of last week’s devastating floods that have ravaged San Bernardino County. According to news reports, many structures have either been destroyed or suffered extensive damage as a result of flooding in many areas of San Bernardino County

FRESNO, CA - November 5, 2010 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that a federal grand jury returned a four-count indictment today, charging Brian Keith Cortez, 47, of Fresno, with evading the assessment of income taxes.

EMERYVILLE, CA - July 26, 2010 - (RealEstateRama) -- Despite slowdowns in home sales across the country, California is still the nation’s hottest spot for home buying activity, with homes fetching multiple offers and selling above list price, according to the Q2 2010 Home Hunter report released today by ZipRealty (ZIPR).

WASHINGTON, D.C - June 14, 2010 - (RealEstateRama) -- Congresswoman Doris Matsui (D-Sacramento) voted to help families realize the dream of homeownership, save taxpayers money, and protect Americans from mortgage fraud by passing H.R. 5072, legislation that institutes reforms to the Federal Housing Administration (FHA). The Federal Housing Administration Reform Act is part of a larger commitment of Rep. Matsui and her colleagues to provide working Americans and small businesses in Sacramento with the tools to drive our economic recovery.

SACRAMENTO, CA - May 3, 2010 - (RealEstateRama) -- The homebuyer tax credit signed into law earlier this year by Governor Arnold Schwarzenegger will be available beginning Saturday, May 1. Governor Schwarzenegger in March signed into law AB 183 by Assembly Member Ana Caballero, D-Salinas, and co-authored by Senator Roy Ashburn, R-Bakersfield, which establishes a tax credit of $10,000 or 5 percent of the purchase price of a newly built home and a $10,000 tax credit for first-time purchasers of existing homes. The credit will be available beginning May 1 and be good through December 31, 2010, or when funding is exhausted, whichever comes first. The $200 million allocated for the program is split evenly with $100 million going to purchasers of new homes and $100 million going to first-time buyers of existing homes

WASHINGTON, DC - April 7, 2010 - (RealEstateRama) -- Congresswoman Laura Richardson is reminding families in the market for a new home to act soon so they can benefit from the First Time Homebuyer (FTHB) tax credit, which has been extended an additional 30 days to a deadline of May 1, 2010.

Sacramento, CA - April 1, 2010 - (RealEstateRama) -- Last November, the Worker, Homeownership, and Business Assistance Act of 2009 was signed by President Obama, extending the first-time homebuyer credit through April 30, 2010 and expanding the eligibility requirements for purchasers. (Note that a binding contract must be signed by April 30; a buyer then has until June 30, 2010 to settle the purchase.

March 26, 2010 - (RealEstateRama) -- Governor Arnold Schwarzenegger today returned to the La Ventana Homes project in Fresno where he kicked off his campaign to extend and expand the hugely successful homebuyer tax credit to sign legislation that will do just that. AB 183, authored by Assemblymember Anna Caballero (D-Salinas) and Senator Roy Ashburn (R-Bakersfield), will provide a tax credit of up to $10,000 to Californians who are buying their first home or purchasing a brand new home.

LOS ANGELES, CA - March 26, 2010 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today praised California Governor Arnold Schwarzenegger for his leadership in signing the Homebuyer Tax Credit legislation into law.

SACRAMENTO, CA - March 26, 2010 - (RealEstateRama) -- California homebuilders said the $10,000 tax credit for purchasers of new homes and for first-time purchasers of existing homes will help jump-start the homebuilding industry, create jobs and provide a much-needed boost to the state’s economy

January 7, 2010 - (RealEstateRama) -- Long Beach residents are invited to a "Home Ownership and Credit" workshop on Wednesday, January 13, from 6:00 to 7:30 pm at the Neighborhood Resource Center, 425 Atlantic Ave.

SACRAMENTO, CA - January 7, 2010 - (RealEstateRama) -- California homebuilders applauded Governor Schwarzenegger for his determination to reinvigorate the state’s economy by focusing on jobs, streamlining the construction permitting process and establishing a new homebuyer tax credit.

Morgan Hill, CA - December 23, 2009 - (RealEstateRama) -- After much speculation by the general populace (and the real estate industry) and much consternation by Congress, the much-anticipated extension of the First-Time Homebuyer Tax Credit has been passed.