With only a few weeks left in 2009 its time to take a good look at your year-end finances and make sure all your investments are in order. Gift tax exclusion, donations and contributions, and distribution requirements are important aspects to consider before the end of the year. As always, we recommend you meet with [...]
Archive of entries posted on December 2009
So You Want to Buy a Bank Owned Home
Provided by Craig Curreri When looking at the ups and downs of the real estate market over the last 50 years, a market peak in median price is higher than the previous market peak… therefore it is reasonable to believe that our next market peak will well exceed ’05-06 prices. This is the time to [...]
SHORT SALE INFORMATION
Provided by Craig Curreri A short sale occurs when the outstanding loans and/or obligations of the homeowner are greater than the current value of the property and the lender(s) accept(s) a discounted payoff. Why would a lender be willing to do that? A little history will help your understanding. In the 1990s, there was a [...]
Congress Extends – and Expands – Homebuyer Tax Credit
Tips for first-time and repeat homebuyers to take advantage of credit By Rick Laws Sonoma County homebuyers and consumers across the country received an early holiday gift this month as Congress not only extended the first-time homebuyer tax credit, but expanded it to include many existing homeowners buying another property. This is truly exciting news [...]