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Homes are a safe bet, here’s why!
On my way home bringing my oldest daughter home from Tucson, a 12 hour drive, I figured out the future of real estate here in Pleasanton and Livermore. We avoided traffic in Tucson, skipped thru Phoenix and even came thru LA albeit mid morning without a hitch. Some traffic but no major slowdowns. It was not until we arrived at the Altamont pass @ 5pm that we hit traffic, and watched the commuters... [Read more]
5525 Arlene Way Livermore Ca
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This weeks best buy
1731 Cheryl Dr Livermore CA Without a doubt the nicest home we have seen for a long time! Read More →
1731 Cheryl Drive Livermore
Wonderful home with over $50,000 in upgrades, tile, cherry flooring stainless appliances and a custom built separate office building wired for phone/cable/network. [View with PicLens] ... [Read more]
Improving your curb appeal
Landscaping design ideas from Outer Visions Landsaping. Read More →
NO MORE STATE TAX ON FORGIVEN DEBT
Distressed homeowners no longer have to pay California state income tax on debt forgiven in a short sale, foreclosure, or loan modification. Enacted into law yesterday, Senate Bill 401 generally aligns California’s tax treatment of mortgage debt relief income with federal law. For debt forgiven on a loan secured by a “qualified principal residence,” borrowers will now be... [Read more]
1147 Rebecca Dr Livermore
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Governer signs tax credit bill into law, extends buyers credit!
AB 183 will provide $200 million for home buyer tax credits, allocating $100 million for qualified first-time home buyers of existing homes and $100 million for purchasers of new, or previously unoccupied, homes. The eligible taxpayer who purchases a qualified personal residence on and after May 1, 2010, and on or before Dec. 31, 2010, or who purchases a qualified principal residence on and after... [Read more]
Do you owe tax if you close a short sale?
Q: I have heard I may owe tax if I complete a short sale on my house, is this true? Image by Getty Images via Daylife John M. (Livermore CA). A: As a Realtor I need to to tell you that we are not qualified to give tax advice, the answer may depend on which state you are in, whether the loan is a first or second mortgage. You should contact a tax advisor, or check with the IRS. Related articles... [Read more]
1703 Embassy Circle Livermore
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Gordon Corsie