Explaining California Prop 13 transfer rules. Proposition 13 capped property taxes at one percent, but what happens when you transfer home ownership? Q: The family trust has one piece of real estate in California. If a buyer wants to protect the low Proposition 13 basis, may he or she "buy" the trusteeship and pay the [...]
How will TRID affect your mortgage application process? Will the real estate market bow under the weight of the September jobs report? Get answers to these questions by listening to this week’s episode of the Ilyce Glink Show. You can click the audio link below to listen to the full show, or download the podcast via [...]
Adding your children's names to your house title and deed can affect your property taxes, income taxes and real estate taxes. Talk to an estate planner to help make your decision about gifting property. Q: I currently own a home that is paid in full, with no mortgage. I want to add the name of [...]
