This Monday, Governor Schwarzenegger signed a bill that would give homeowners tax relief for the difference of amount owed after going through a foreclosure, short sale, or loan modification. This is great news!!! Before, if you do a short sale, you would be taxed for the difference between the amount of mortgage owed and the sales price. Honestly, this was a concern for me before. I thought, how could struggling homeowners, in addition to them losing their homes, be responsible to pay thousands of dollars on taxes. For more info on this bill, please click on http://www.car.org/newsstand/news/sb401/
If you are planning on purchasing appliances like refrigerator, clothes washer, or room/window AC, then this rebate is for you. The state received about 35 million dollars towards this program and it will begin on April 22nd. You can get a rebate of $200 on refrigerators, $100 on clothes washers, and $50 on room/window AC. The appliances have to be energy efficient. For the list of requirements and forms to be filled out, please click on this link http://www.energy.ca.gov/recovery/energystar.html
In addition to the California rebate, if you are a resident of Chula Vista, you can be eligible for an additional $20.00 rebate. Again, the appliances have to be energy efficient and qualified. You would also have to purchase the appliances at Home Depot, Sears, and Best Buy. Here is the link to check out for more info http://www.chulavistaca.gov/clean/conservation/Climate/HUCD.asp
I hope that this was very helpful to you. Please share this info with friends and family. Let me know if you have any questions or would like to talk to me about how I could help you in doing a short sale.
Michelle Mendoza
Service Above Self
619-997-4118
michellemendoza@century21award.com
