Back in July the U.S. Senate passed a long-term Transportation funding bill that includes a tax on mortgages to pay for the construction of highways. To make it more palatable to Republican lawmakers, this tax has been disguised as a “fee.” This tax isn’t small potatoes either. On a median priced home in California, homeowners [&hel
Homeowner Legislative Facts. Engage your clients:
The California Association of REALTORS® (C.A.R.) is embarking on a new venture. REALTORS® often comment that they are always seeking fresh content for their various marketing vehicles – blogs, newsletters, web sites, etc. Since so much of what C.A.R. does in the legislative arena protects not only REALTORS®, but their clients as well, C.A.R. has created Homeowner Legislative Facts, a monthly compilation of articles about laws and legislation that your clients may find valuable. At least once a month, C.A.R. will post new articles to this page so that you can copy and paste into your own marketing materials. We’ve made it even easier! Now you can easily share each article using social networking. Just click on your choice of icons with each article.
If you have questions about this program or its contents, please contact DeAnn Kerr at email@example.com.
Do you ever wonder how Congress pays for the spending bills it enacts? In the case of the long-term Transportation bill that the Senate recently passed, a new tax on mortgages has been created and disguised as a “fee.” Under current law, a portion of every conforming loan, (those backed by Fannie Mae and Freddie […]
Legislation currently pending in Sacramento may make it more expensive for you to get a mortgage on a new home or refinance the loan you currently have. Senate Bill 602 has the seemingly noble goal of encouraging homeowners to upgrade their properties for seismic safety. But, as they say, the devil is in the details. […]
A bill making its way through the California Assembly would make it easier for people who are 55 or older to receive property tax relief. For many of our parents and grandparents, this can mean the difference between keeping or being forced to sell their home. Here’s the issue. California law today allows seniors to […]
If you’re worried about being fined for letting your lawn go brown, help has arrived. Given Governor Jerry Brown’s and the State Legislature’s focus on the serious drought now plaguing California, it comes as no surprise that the first bill to be introduced this year addresses the subject of dead lawns due to water conservation. As
A new effort is underway in Congress to amend current law, called the Truth in Lending Act, to broaden access to where people can obtain mortgage loans and other related services. A bill has been introduced, H.R. 685, called the Mortgage Choice Act of 2015, that would have all financing providers use the same rules […]
A California legislator is proposing that, for the first time in state history, people must pay sales tax for services. Senate Bill (SB) 8 by Senator Robert Hertzberg would extend the state sales tax of 7.5% (and possibly higher depending on where you live) to now include things like legal and accounting, hair salons and […]