Posted on April 22nd, 2009 by Carlo Capomazza
Dedicated to Christian Erickson DEAR BENNY: I want to help my older parents so they can have a more stress-free and comfortable retirement, and believe I am in a position to do so. They have a home in an area where housing prices are actually still increasing, which makes the scenario even more attractive to [...]
Filed under: Legal Advice in Common Scenarios, Mortgage, Retirement, Tax Issues | No Comments »
Posted on April 22nd, 2009 by Carlo Capomazza
When a lender allows a property to be sold for less than the remaining balance on the mortgage loan to facilitate a sale by a financially distressed owner, it’s called a short sale. A short sale can be a winning situation for a buyer looking for a house listed below market value. Mortgage companies [...]
Filed under: Foreclosure, Real Estate Market, Short Sale | No Comments »
Posted on April 22nd, 2009 by Carlo Capomazza
DEAR BENNY: There appears to be much confusion on the taxation liability of the funds on the sale of a house. I purchased a home for $300,000 in 2000 and will be selling it for $800,000 this year. I have lived in the property for the full duration and file joint tax returns with my [...]
Filed under: Legal Advice in Common Scenarios, Tax Issues | No Comments »
Posted on April 22nd, 2009 by Carlo Capomazza
Image via Wikipedia Yes, head East like former William Morris Agent, Sam Haskell who is retiring to a Georgian Mansion and Fox News Correspondent Shepard Smith who maintains an elegant townhouse, to name a few, both of whom are locals who have brought so much back to their homes in Oxford, including more then ever [...]
Filed under: Business Services, Selling, Technology | No Comments »
Posted on April 21st, 2009 by Carlo Capomazza
We must remember what makes all our coasts: The Left Coast, The East Coast and the Gulf Coast, worth relocating about. And The New Yorker‘s satirical and self deprecating cartoons use great humor to show how we are all alike after all. Related articles by Zemanta Not So Easy: The Super Bowl Returns to New [...]
Filed under: Current Events, Humor, LA Area, Real Estate Market | No Comments »
Posted on April 21st, 2009 by Carlo Capomazza
Image via Wikipedia As your college bound family members may be considering Southern California‘s Universities, Please allow me the opportunity to answer any questions they may have about the area and its property offerings as college campuses have on-campus housing shortages for incoming Freshmen. Give the gift of ownership. If you haven’t yet considered it, [...]
Filed under: LA Area, Relocating to LA, Student Housing | No Comments »
Posted on April 20th, 2009 by Carlo Capomazza
DEAR BENNY: My father passed away in January 2008 and I have inherited his townhouse. He had an existing mortgage, and I am continuing to make the mortgage payments. I have not notified the mortgage company. I am unable to obtain financing for the home in my name at this time. I have already been [...]
Filed under: Legal Advice in Common Scenarios | No Comments »
Posted on April 20th, 2009 by Carlo Capomazza
Image via Wikipedia Its important for buyers to realize that we are currently enjoying a perfect opportunity in the real estate market as usually there is an inverse relationship between home prices and mortgage rates (high prices accompanying low rates, or low prices with high rates). Usually a buyer has only two options, either paying [...]
Filed under: Commentary, Real Estate Market | No Comments »
