Legal Matters

March 2020 Prop 13 Analysis – Will it change your property taxes?

https://youtu.be/AuOO0kvnxQQ   REVISED Prop 13 – An Analysis by Aaron Zapata, MBA (PLEASE COMMENT AND SHARE) NOTE: Thank you to those that provided me more data for me to review. I’ve updated my video and posting to reflect this information.There are two votes taking place this year: In March we are being asked to approve a $15 Billion Bond for our schools. In November we are...

Dishonest Disclosures

A homeowner is expected to know things about their house that buyers wouldn’t ordinarily know. Like the time an investor bought a vacant house with the carpet missing in the upstairs closet. Why was it missing? It was not disclosed. After closing escrow, the neighbors came over and asked if he knew about the guy who hung himself in the upstairs closet. Sadly, the answer was a resounding...

Legal Issues – Home Inspections

In today's environment there are so many issues that can lead to a lawsuit between seller, buyer, agents, and home inspectors. Here are my recommendation to sellers and buyers. 1. Hire a Home Inspector that is insured and holds a contractors license. Did you know that home inspectors don't have to be licensed? Make sure you hire the right company. 2. Conduct additional inspections. All buyers need to...

Estate Taxes for 2010 Deaths

I got this from my accountant. I can forward you his contact information if you have any questions.  I do not give tax advice. :) For estates of individuals who died in 2010, executors have until January 17, 2012, to elect not to have estate tax apply and to have the beneficiary’s basis in property received from these 2010 decedents determined under the modified carryover basis rules in Sec. 1022....

Did Yorba Linda Mayor Violate A Man’s Right to Remain Anonymous?

According to this article by Voice of OC (www.voiceofoc.org), a non-profit investigative news agency for Orange County, Mayor Mark Schwing violated a man's First Amendment Rights when he required that the man identify himself during the public comments portion of the City Council meeting this week.  The man, who identified himself as Louis Smith, did not want to give a name, but was required to by the...

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