by Heather | Dec 19, 2013 | C.A.R., TSBOR, TSMLS
Short sales in California are generally not subject to state or federal income tax for cancellation of debt. The Franchise Tax Board (FTB) issued a letter yesterday stating that, as nonrecourse obligations, short sales in California are not subject to state income tax...
by Heather | Dec 18, 2013 | C.A.R., TSMLS
by Heather | Dec 17, 2013 | C.A.R., NAR, TSBOR
The NATIONAL ASSOCIATION OF REALTORS® has issued a nationwide Call-for-Action, urging members to contact their Members of Congress in both houses and bring the Homeowner Flood Insurance Affordability Act (H.R. 3370 and S. 1610) to the floor for immediate consideration...
by Heather | Dec 16, 2013 | C.A.R., TSBOR, TSMLS
Talking Points … According to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Renter Survey,” renters continue to hold homeownership in high esteem, and it remains a goal for the majority of them. Nearly three-quarters of renters rated homeownership as...
by Heather | Dec 5, 2013 | C.A.R., TSBOR, TSMLS
C.A.R.’s November 2013 Standard Forms Release will be available the week of November 25. We have 3 new and 23 newly revised standard forms that REALTORS® will be able to access through zipForm®. We will provide a new Seller Multiple Counter Offer (SMCO) for a...
by Heather | Dec 3, 2013 | C.A.R., TSBOR, TSMLS
Talking Points … According to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), California home sales declined for the third straight month in October, while sales of condominiums and townhomes continued to be strong. Economic uncertainty surrounding last month’s...
