Presently a senior person over 55 years old can transfer their principal residence property tax basis one time, between a handful of counties in the state, and the purchased property price is limited as it has to be for less than the sales price of the sold property, or the transfer can't be ... » Learn More about California Proposition 19 is Smart and Expands On Prop 13 (60 & 90) – I Recommend Voting Yes
Regulations and Laws
Los Angeles Planning Dept Playing Catchup For Needed Housing
The California State Housing Element Law was established in 1969. It requires jurisdictions to do their “fair share” around planning for adequate affordable housing (RHNA). It requires a review of the General Plan and must be updated every 8 years. It recognizes that housing is a critical need and ... » Learn More about Los Angeles Planning Dept Playing Catchup For Needed Housing
Another Change to Post Forbearance New Loan Qualification
The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac borrowers in forbearance can apply for refinancing and new purchase mortgages once their loans are current It waives a previous mandatory wait of 12 months. That move allows faster access to record-low ... » Learn More about Another Change to Post Forbearance New Loan Qualification
Unintended Consequences of Mortgage Forbearance – Video
The mortgage forbearance program is a moving target, and changing constantly. This is as of 5/13/20. There are the unintended consequences on taking a mortgage forbearance. If you're in a financially distressed position because of COVID, us it. If you can afford to make the payments, pay it. There ... » Learn More about Unintended Consequences of Mortgage Forbearance – Video
Another “New” Level of Complexity to Show a Property for Sale in California
Like it wasn’t difficult enough showing and selling properties with the Stay at Home order in place. Cal/OSHA just added another layer of complexity. Now a property must have a “through cleaning and disinfection of a property before and after each showing”. That means regardless of meeting the ... » Learn More about Another “New” Level of Complexity to Show a Property for Sale in California