Measure EE went down in a surprisingly wide defeat on Tuesday, June 4th. The measure which would have levied a 16 cent per square foot property tax on all residential and commercial properties in the LAUSD District needed a 2/3 super majority to pass. Instead, it failed to gain even a simple majority, attracting approximately […]
Measure EE Overview On June 4th voters will go to the polls to decide an issue that has potential to impact the real estate industry, Measure EE. Measure EE’s text reads as follows: To retain/attract quality teachers; reduce class sizes; provide counseling/nursing/library services, arts, music, science, math, preschool, vocational/career education, safe/well-maintained schools, adequate instructional materials/supplies; […]
On Thursday, the Administration announced its proposed tax bill and to say it caused a stir is an understatement. Tax bills always create a buzz, but this one in particular has rocked the real estate industry at its core. What’s so different about this bill that is causing such concern? It appears that without analyzing […]
It’s best to have a prelim on hand right when you execute a listing agreement instead of waiting until you open escrow. This will help prevent any surprises when it comes time to close escrow! Possible surprises will be avoided by following this tip are: – Tax Liens – Mechanics Liens – Additonal Trusts on […]
It was just announced that the Mortgage Debt Forgiveness Act will be extended through 2013!!
Many of you have either received frightening emails or been caught up reading articles all over finance pages in regards to the 3.8% sales tax on investment income. Here are the top 10 items we have found necessary for you to be aware of once the tax goes into effect.
