The US Congress is considering America’s first system for censoring the Internet. Despite public outcry, the Internet Censorship bill could pass at any time. If it does, the Internet and free speech will never be the same. I know that most people say that they want government less involved in their lives but unfortunately that [...]
Recourse and Non-Recourse Loans
Posted in: Lending, Mortgage, Non-Recourse Loans, Real Estate, Recourse Loans- Nov 28, 2011
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Recently I have been asked about recourse and non-recourse loans. I am not an attorney and any information concerning your situation should be reviewed with an attorney. That being said, here is what I understand concerning Mortgages. In California, purchase money loans made on your home are non-recourse. (Roseleaf Corp. v. Chierighino, 59 Cal. 2d [...]
Calculating Taxes: Understanding Gain and Adjusted Basis
Many property owners are familiar with the “Terrible T’s” in real estate: termites, tenants and trash. Often the “Terrible T’s” become so burdensome that investors decide they want out of real estate altogether. At that point however, investors become all too familiar with another “Terrible T” – Taxes! Almost all states require the payment of [...]
Scott
