How will California tax an upside down property owner? I get this question so often I thought I would tell you what we know. Please have all lawyers and non lawyers put their explanations in writing.  Very few people seem to understand this subject or the fact that California is only a non judicial or non recourse state for certain loans. Frankly, I do not understand what someone is trying to say when they say we are a non judicial state?  Do you?   Taxes due on canceled debt ot the Franchise tax board. 1. Note Federal Loan forgiveness does not apply to the California Franchise Tax board (as of june 16, 2008) 2  Please note you should consider whether the homowners is insolvent, eligible for bankruptcy, and/or whether the homeowner is subject to capital gains.  Some homeowners may be hi... 06/17/2008

A couple months back we did a blog on The North Embarcadero Visionary Plan (NVP). This project is so completely instrumental in shaping the face of San Diego, therefore, it is important to have a refresher blog with some updated information. If you are a current San Diego resident, or a potential one, you must check this out. This represents the evolution of Downtown San Diego and in turn values of your urban home. A major point of this project is to "Green" San Diego's Bay. The concrete and asphalt that dominate the SD Bay waterfront, under the NVP, will undergo close to $250 million in public improvements. From Lindbergh Field to Seaport Village (1.2 mile stretch) the waterfront will be transformed with shops, cafes, gardens, lawns, paths, palm trees, plaza, art, piers, and a bustling... 06/16/2008

And I thought selling Real Estate had to do with Homes For Sale! Not so. These days it has everything to do with the internet. Realtor.com changed the face of Real Estate, making the MLS available to anyone who knows how to Google. As Realtors, we needed to keep up with technology and learned how to enhance listings in all of the Real Estate search sites. We all got our websites up and running to promote ourselves and our listings. Now, blogging is the way of the furture. So I have spent the last few hours setting up this blog site. It's not really hard, just time consuming. And here I am, sending my thoughts out to the world! There are so many of us (Realtors) out there that keeping up with the ever changing Real Estate market is a challenge. We used to talk to people who came in to th... 06/16/2008

06/13/2008

Investors in San Diego Real Estate The investors are back in San Diego. Gobbling up real estate in America's Finest City - San Diego. I have noticed this increase for the past several months but lately it's been darn right ridiculous how many investors are buying in San Diego. There are plenty of foreclosures and short sales in San Diego County including, North County Coastal, North County, Central San Diego, Central Coastal, East County and South Bay including Chula Vista. There are plenty of buyers going toe to toe with investors and they're "duking it out" for the best properties at the best prices. If you have been thinking about moving to San Diego this is your opportunity. If you would like a list of homes in areas of San Diego we can email them to you and you might just consider ... 06/12/2008

Torrey Pines US Open 2008 It's a great week for golf in San Diego. Most weeks in San Diego are great for golf but this week is special because Tiger Woods is in town for the US Open at Torrey Pines. This is another one of my posts on why San Diego is such a great place to live. San Diego Golf Courses are some of the finest in the world and weather in San Diego is almost always perfect. I almost said, Always Perfect, but we do get rain on rare occasions. I know that Torrey Pines is many a pro golfer's favorite golf course and I know why. The course is stunningly beautiful overlooking the Pacific Ocean surrounded by rare Torrey Pines - the only place they grow in the world. Well I guess Tiger is back four from the leader, Justin Hicks. Sometimes I think he just likes to make things intere... 06/12/2008

I Love San Diego One of the most visited areas in United States and the world is San Diego California. I Love San Diego and so do many others. My first visit to San Diego was as a young Marine on my way to Japan. I knew then that one day San Diego would be my home. What drew me to San Diego was the weather and San Diego's natural beauty. San Diego has some of the most beautiful beaches in the world along with the best weather in the lower 48 states. Sunny, warm but little to no humidity make San Diego's climate like the Mediterranean. Because of these reasons and many others San Diego Real Estate is some of the most prized real estate in the United States and the world. There's only one San Diego and the quality of living is second to none. San Diego is also a great place to live if you... 06/12/2008

Clairemont Foreclosures in San Diego Clairemont in San Diego has foreclosures for sale in 2008 and in 2009 will also have many bank owned homes on the market. Bank owned properties or REO's in Clairemont are filling the San Diego MLS with reduced priced homes. Home and condo buyers wanting to buy a home or condo in the Clairemont area can take their pick. There are many Clairemont homes and condos already foreclosed on by the bank or mortgage holder and many more foreclosures are on the way. We have helped many San Diego home buyers buy a foreclosure and most have saved thousands and even tens of thousands buying a foreclosed home or condo. Buying foreclosures in Clairemont, California is real easy. You will need to have a knowledgeable real estate agent to show you where and what to lo... 06/12/2008

Allied Gardens San Diego Foreclosures Allied Gardens in San Diego has foreclosures for sale in 2008 and in 2009 will also have many bank owned homes on the market. Bank owned properties or REO's in Allied Gardens San Diego CA are filling the San Diego MLS with reduced priced homes. Home and condo buyers wanting to buy a home or condo in the Allied Gardens area can take their pick. There are many Allied Gardens San Diego homes and condos already foreclosed on by the bank or mortgage holder and many more foreclosures are on the way. We have helped many San Diego home buyers buy a foreclosure and most have saved thousands and even tens of thousands buying a foreclosed home or condo. Buying foreclosures in Allied Gardens San Diego, California is real easy. You will need to have a knowledgea... 06/12/2008

Real Estate in Bay Park Search 92110   San Diego Relocation Homes in Bay Park Condos in Bay Park San Diego MLS San Diego Real Estate by Communities Bay Park is a beautiful area of San Diego County and has many different homes and condos for sale. Homes in Bay Park vary from single story to multilevel homes, from small homes to large homes, from 1 bedroom homes to 6+ bedroom homes, homes with pools, big yards, downtown views, ocean views etc... Condos in Bay Park also come in many different sizes and price ranges. We can help you with Bay Park foreclosures, Bay Park short sales, Bay Park green homes and all real estate needs in the Bay Park Community. When buying or selling a home in Bay Park you will want to use a Realtor licensed in the State of California. Realtors abide by a Code of ... 06/12/2008

  As stated above this is about Baja California, Mexcico not California, USA As we all know real estate sales have been very, very slow and that applies to our neighbor to the south as well. Northern Baja has been a giant construction site for a few years and developers were relying on drive by sales and could make a great living but with the U.S. taking a beating right now in real estate they are down as well but not out. There is an excess of inventory both condominium and houses in all price ranges staring at about $120,000 for a/2 BA town house that is offering specials for about $113,000. Not bad for a unit with ocean view, about 15 minutes south of the San Diego border crossing and it is a gated and secure development about 5 minutes north of downtown Rosarito. Other developers ar... 06/11/2008

Last week we helped a small business clean out a storage unit they have been renting for years.  We cleaned it out completely, taking away almost two truckloads of old, useless files and allowing them to close down the account completely. The client was saying how they had been meaning to call us for over a year.  They also noted that in only four months they will have saved the amount they paid us to take the items they paid 1-800-GOT-JUNK? to haul away the stuff. 06/11/2008

So I was walking my dog the other day and while looking at the homes in my neighborhood I began questioning what I liked & disliked about specific homes.  I realized that homes with mature landscaping are much more attractive, but the question sticking in my mind is..... Which would yield a greater return for the homeowner? Interior Remodels such as..... paint, floors, staging, cabinets, sinks, fixtures, etc.... Exterior Remodels such as..... landscaping, new stucco/paint/stone, windows, shutters, new roof, etc... I wonder.....  I wonder if you had 2 exact homes and one of them was was professionally remodeled on the inside and an eyesore on the outside vs' the other home was a mess inside while the curb appeal was incredible. Which is the better investment?       06/09/2008

The San Diego condo market experienced a significant decline before the mortgage credit crunch started.  In fact, San Diego was one of the markets that promulgated the credit crunch with its higher than normal foreclosure rate.  On August 2, 2007, American Home Mortgage went belly-up, sparking a chain reaction of A paper lenders to close their doors, permanently.  262 lending institutions have "imploded" since the sub-prime mortgage decline in late 2006. The mortgage industry contraction has exacerbated the San Diego housing market decline, especially the condominium market. It doesn't have to stay like this. Condominium management associations are dealing with stressed out homeowner associations who are responding to angry homeowners.  "Where are all the qualified buyers?", they demand... 06/06/2008

1031 Exchange Webinar See all of our 1031 exchange seminar programs. Intermediate Level 1031 Exchange Seminar This is a basic to intermediate level workshop on forward, reverse and improvement (build-to-suit or construction) tax-deferred, like-kind exchange transactions pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations. Educational Workshop Content The educational workshop will begin with an introduction to various tax-deferral and tax-exclusion strategies, including combining Section 1031 with Section 121.  The discussions will focus on the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete a tax-deferred, like-kind exchange transaction.  We will finish with an explanation of the n... 06/05/2008

Sea Bag Drag Relocating to San Diego in the Navy When I was in the military we would call getting orders and transferring to another base "The Sea Bag Drag".  This was a good thing if you wanted orders somewhere else and a bad thing if you wanted to stay put. I personally liked Okinawa, Japan and would have gladly stayed another year but the orders came in to Quantico from HQMC and I was doing the Sea Bag drag. Doing the sea bag drag at 19 years old with no family is easy. You live in the barracks or on ship and don't have to worry about a house for a family. For many Military families doing the sea bag drag is a different experience. There's more than just one sea bag and could include a tall blonde sea bag and many small sea bags and even a barking or purring sea bag. For this you wil... 06/04/2008

Sea Bag Drag Relocating to San Diego in the Marines When I was in the Marines we would call getting orders and transferring to another base "The Sea Bag Drag".  This was a good thing if you wanted orders somewhere else and a bad thing if you wanted to stay put. I personally liked Okinawa, Japan and would have gladly stayed another year but the orders came in to Quantico from HQMC and I was doing the Sea Bag drag. Doing the sea bag drag at 19 years old with no family is easy. You live in the barracks or on ship and don't have to worry about a house for a family. For many Marine families doing the sea bag drag is a different experience. There's more than just one sea bag and could include a tall blonde sea bag and many small sea bags and even a barking or purring sea bag. For this you wil... 06/04/2008

Marines Relocation San Diego California Real Estate Agent When relocating to San Diego we can help Marines and Marine families find a new home or condo. We have worked with hundreds of Marine Corps families relocating to San Diego and would love to help you with your San Diego move. If you have orders to San Diego and are looking to find out more about the San Diego Real Estate Market you can access our San Diego MLS to search for San Diego homes and also visit our San Diego Real Estate Blog to find out up to date information on the San Diego Real Estate Market form San Diego Real Estate experts. Because of the downturn in the San Diego Real Estate Market there are great bargains to be found and many of them are within an easy commute to San Diego Military Bases. Camp Pendleton  Coronad... 06/04/2008

GREEN HOMES SAN DIEGO is your source for San Diego Green Homes, Going Green in San Diego, and everything to do with Green Real Estate. Going Green means having less of an impact on the environment we live in and using less of the Earths resources. Green homes including green homes in San Diego are homes that use less energy, water and natural resources and  also homes that create less waste and is healthier for the people living inside the homes compared to a standard home.A home or condo can be built green or can be made green later with a green remodel or green renovation. Green real estate and entire green communities are already in the works and by 2010 experts say 10% of all new homes will be green. There are already brand new green homes in San Diego and Chula Vista and many being... 06/03/2008

Hello all, Here are the stats for May 2008 for the Scripps Ranch area of San Diego, California. This is for Detached homes only: The number of active Listings was 98 with an average list price of $846,494, median list price $807,500 The number of homes SOLD  was 25 with an average SOLD price of $735,616, median sold price $679,000 This information is for all active and sold listings on the MLS system of Sandicor.  It is deemed reliable, but with a recent upgrade from one system to another, there may be further need to re check this data. I will have more stats for you tommorrow, and will have them all double checked.   06/03/2008