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Real Estate articles
November 13th, 2009
Worship notesNapa Community Seventh-day Adventist Church
November 10th, 2009
A big new tax break for homebuyersWASHINGTON — Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you’re a first-time homebuyer, get up to $8,000.
October 29th, 2009
Understanding the lien dateEvery taxing entity wants to make clear who has the responsibility for paying property taxes on real and personal property. The owner of property on a certain date and time has that responsibility.
Good news/worse news about declines in valueProposition 13, passed by California voters in June 1978, created a new system for valuing property by establishing a base year value as of a change of ownership or new construction. Once a base year value was established, inflationary increases were limited to no more than two per cent per year. There was no provision in Proposition 13 for values of property to decline below their factored base year value.
Assessing sales of bank-owned propertiesThe current California real estate market is unlike any other since the 1930s. The combination of a deep economic recession, a frozen credit market and a historically high rate of properties transferring by trustee deed back to banks (foreclosure) means that more than half of all real estate transactions are purchases of bank-owned properties, also known as Real Estate Owned (REO). The buyer of a bank-owned property needs to understand the reassessment process that will establish the taxes they pay and the refunds they receive.
September 23rd, 2009
You have questions? We have answers...Q : Do I still have time to take advantage of the $8,000 federal income tax credit if I buy a home?
June 24th, 2009
Fact Sheet Provided by Windermere Napa Valley PropertiesFirst-Time Home Buyer Tax Credit Modified February 2009. Available January 1 - November 30, 2009 as modified in the American Recovery and Reinvestment Act. For 2009, Congress has increased the credit to $8,000 and made several improvements. This revised $8,000 tax credit applies to purchases on or after January 1, 2009 and before December 1, 2009.
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