Monthly Archives: December 2010

Farmers Market at Orange County Great Park – Irvine, California

  The Orange County Great Park at Irvine opened its FARMERS MARKET, which has drawn lots of customers since debut on October 31.   Open every Sunday from 10 a.m. to 2 p.m., Farmers Market at the Orange County Great Park offers a wide … Continue reading

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Property Taxable New Construction vs. Non-Taxable Property Repairs at Orange County, CA

  Some homeowners here at Orange County, California, are making decisions to improve and renovate their homes.  A primary financial consideration is whether there will be PROPERTY TAXABLE REASSESSMENT OF VALUE for new construction vs. non-taxable maintenance or repairs.  New construction is taxable … Continue reading

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Mortgage Insurance Tax Deduction Unchanged After U.S. Tax Relief Law of 2010

  The U.S. Tax Relief Bill of 2010 has been signed into law and among other things extends Mortgage Insurance tax deductibility through December 31, 2011. So now is a good time to consider MORTGAGE INSURANCE to buy a home and take advantage of … Continue reading

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International Buyers Have Been Active at U.S. Housing & Real Estate Markets

  U.S. Housing markets are looking good for international buyers these days. International home buyers are usually described as those with permanent residences outside the U.S., recent immigrants and/or those with temporary visas. Such international buyers purchased $66 billion of U.S. residential … Continue reading

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Real Estate Provisions in the 2010 U.S. Tax Relief Bill

  Real Estate Aspects of the 2010 U.S. Tax Relief Law (H.R. 4853) – On December 17, 2010, the President signed this law – the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, which extends current tax rates and credits and other … Continue reading

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Homeowners Must Be Careful and Follow HOA Architectural Restrictions on Rebuilding

  This year's California court of appeal decision in Clear Lake Riviera Community Association v. Cramer (California 1st appellate district, division one, February 26, 2010) clarified that it's risky for a homeowner to ignore the HOA's architectural control restrictions on rebuilding. Despite warnings … Continue reading

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Good Time of Year to Buy a South Orange County Home

  People here in South Orange County want to know what's the best time of year to buy a home?  December and January during winter have been slow months for home buying, which also makes this possibly the BEST TIME FOR … Continue reading

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Irvine’s Economy Engine Dominates other Orange County Home Resale Markets

  Even during these challenging market times, IRVINE at South Orange County continues to dominate the local real estate markets.  IRVINE is the third largest city in Orange County (population of about 218,000) and is the economy powerhouse with more jobs per person … Continue reading

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Costa Mesa Homes Sales Market for Start of New Year

  Costa Mesa, California, home and property owners have been through soft market times recently and are optimistic about upcoming January 2011 home sales.  Some home sellers at Orange County look for Super Bowl Sunday to kick off the big home … Continue reading

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Short Sale Planning Tips for California Home Sellers

  Here in Orange County, California, as many as one in seven people who have home mortgages are challenged with loans upside down (where property market value is less than what is owed on the home loan/mortgage).  If you're thinking of selling … Continue reading

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