Governor Arnold Schwarzengger vetoed a bill yesterday supported by the California Association of Realtors. The bill was to give people who lose their home to short sale or foreclosure a break on income taxes due to the state of California when they sell distressed properties.This was a huge disappointment to realtors and homeowners too. The California real estate market has suffered alot in the past 3 years and this is one more blow to help distressed homeowners and speed up a recovery in real estate. Hopefully, the legislation will be reintroduced next year with better results.
LORI BOWERS
http://www.desertareahousingmarket.com
The Lori Bowers Group
A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs
La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.
78065 Main St., Suite 107
Old Town La Quinta
La Quinta, CA 92253
Phone: (760)777-8788 • Fax: (760)771-5355
It seems like kicking some body when they are down when things like this get vetoed. They all get theirs or cut services to keep theirs. Good luck next year with it
I agree. Many people need help in our area. It is very sad.