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Mortgage Rates Rising: Buy or Refinance Now?
Dec 22, 2010
Mortgage rates for a 30 year fixed-rate in November have risen by almost .25% from the previous month according to Freddie Mac’s Primary Mortgage Market Survey results released November 24.
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Leading Economic Indicators for San Diego Stalled for Third Straight Month
Dec 22, 2010
San Diego County’s Index of Leading Economic Indicators, which is prepared every month by University of San Diego’s Burnham-Moores Center for Real Estate, looks at six sources to develop its composite Index.
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New State Tax Law Helps Some with ‘Forgiven’ Mortgages
Oct 7, 2010
Thanks to the passage of a new California law in April, the state is closer to the Federal government when it comes to not taxing “phantom income” from those who have their mortgage debt forgiven.
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Can’t Throw a Bank in Jail, so Who’s Held Responsible
Oct 7, 2010
Banks that have been involved in laundering dirty money for criminals are only mildly punished. No government has actively tried to deter bankers from these profitable crimes, as these banks have gotten away with simply paying a fine which only scratches the surface of the profits being made.
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Playing the Loan Modification Lottery
Sep 28, 2010
From 16 million delinquent mortgages, only 468,100 are modified
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Are Deeds-in-Lieu a Speedy Foreclosure Alternative?
Jul 29, 2010
Alternatives to foreclosure are proliferating. First short sales and now deeds-in-lieu-of-foreclosure, which offers the promise of a speedy end to a nightmare for homeowners.
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Too Aggressive?
Jul 29, 2010
The mortgage mess has created a new kind of investment company, one that buys up troubled mortgages, credit-card debts, auto and even pay-day loans for pennies on the dollar.
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Filling Out Tax Forms: More Work for You and Your Accountant
Mar 8, 2011
What if you had to keep track of every expenditure so that if you had spent more than $600 with one business, you would complete a tax form in triplicate?
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Federal Gift Tax Exemption Jumps to $5 Million
Mar 3, 2011
For wealthy individuals – those with assets of at least $2 million to $4 million – 2011 and 2012 represent a favorable time to make gifts, as the federal gift-tax exemption has been raised to $5 million for the next two years.