Taxes

Selling your Home ? ? You may want to read these new tax rules, this is some read(click link at bottom).

Figuring Gain or Loss
Selling Price
Determining Bases
Excluding the Gain
Business use or rental of home
Reporting the Sale
Special Situations

http://www.irs.gov/pub/irs-pdf/p523.pdf

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Double Closings and Assignments

You are who You Are !

If you think you are beaten, you are,

If you think you dare not, you don't

If you like to win, but you think you can't,

It is almost certain you won't.

If you think you'll lose, you're lost

For out of the world we find,

Success begins with a fellow's will—

It's all in the state of mind.

If you think you are outclassed, you are,

You've got to think high to rise,

You've got to be sure of yourself before

You can ever win a prize.

Life's battles don't always go

To the stronger or faster man,

But soon or late the man who wins

Is the man WHO THINKS HE CAN!

Word of the Day

Term of the Day

equity

Ownership interest in a corporation in the form of common stock or preferred stock. It also refers to total assets minus total liabilities, in which case it is also referred to as shareholder's equity ornet worth or book value. In real estate, it is the difference between what a property is worth and what the owner owes against that property (i.e. the difference between the house value and the remaining mortgage or loan payments on a house). In the context of a futures trading account, it is the value of the securities in the account, assuming that the account is liquidated at the goingprice. In the context of a brokerage account, it is the net value of the account, i.e. the value ofsecurities in the account less any margin requirements.

California Real Estate Law

Real Estate Law has been around for many,many years and is one of our oldest laws. It has been changed and updated and will continue to do so ,as long as Real Estate Applies. Old and newer concepts of real estate arise and so will NEW LAWS . This link will give you some good summaries on California Real Estate Law,along w other worthful content to read.follow link

http://www.weblocator.com/attorney/ca/law/c22.html#cac220000