This is a graphical breakdown of the beneficial elements of the property tax portability for California property owners over 55 years old. The benefit is also applicable to owners with Sever Disabilities, or victims of Wildfire and Natural Disasters. Homeowners who are 55 or over, severely ... » Learn More about Prop 19 Benefits – 55+ Property Tax Savings
Regulations and Laws
Seniors Real Estate Specialist National Designation
I just added another national designation to my Realtor specialized credentials. The SRES (Seniors Real Estate Specialist) has now been added to my GRI (Graduate Realtor Institute), CIAS (Certified Investor Agent Specialist), RECS (Real Estate Cyberspace Specialist), SFR (Short Sales and Foreclosure ... » Learn More about Seniors Real Estate Specialist National Designation
Big Changes and Flexibility On Mortgage Qualifying Coming
The Consumer Financial Protection Bureau (CFPB) just issued final rules related to the Ability to Repay portion of Qualified Mortgage (QM). This will allow for some compensating factors for qualifying for a Freddie or Fannie loan, instead of the 43% Debt to Income (DTI) ratio. This change from ... » Learn More about Big Changes and Flexibility On Mortgage Qualifying Coming
California Proposition 19 is Smart and Expands On Prop 13 (60 & 90) – I Recommend Voting Yes
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
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