Author Archive | Duane Gomer

Forclosure

A DISCUSSION OF NEW FORCLOSURE REGULATIONS

Foreclosure Laws: California has specific laws and procedures governing the foreclosure process, including notice requirements and opportunities for homeowners to explore alternatives, such as loan modifications. The California legislature passed Assembly Bill (AB) 1837 and AB 2170, effective as of January 1, 2023. These two laws, which build on the groundwork laid by Senate Bill […]

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Reverse Mortgage Updates

REVERSE MORTGAGE UPDATE

We decided to present a short update on Reverse Mortgages. As our authority we selected David Gomer, Broker, Founder and Owner of Senior Funding, Calabasas, CA. He has been specializing in all types of Reverse Mortgages since 1989. He earned the prestigious Certified Reverse Mortgage Professional Designation Awarded by the National Reverse Mortgage Lenders, and a […]

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Do landlords pay interest on security deposit

Attorney General Bonta Issues Consumer Alerts, Guidance to Protect California Tenants and Remind Property Managers and Landlords of their Legal Obligations

Tuesday, February 6, 2024 Contact: (916) 210-6000, [email protected] Includes new information calculating allowable rent increases under TPA SAN FRANCISCO – California Attorney General Rob Bonta today issued five consumer alerts advising California tenants of their rights and protections under state law, and alerting property managers and landlords of their obligations to tenants. The consumer alerts cover […]

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17531167 - irs card on desck with tax files

What Interest Rate does the IRS pay you if you Overpay your Taxes?

17531167 – irs card on desck with tax files Read news release IR-2024-47, Feb. 21, 2024 – https://www.irs.gov/newsroom/interest-rates-remain-the-same-for-the-second-quarter-of-2024 WASHINGTON — The Internal Revenue Service today announced interest rates will remain the same for the calendar quarter beginning April 1, 2024. For individuals, the rate for overpayments and underpayments will be 8% per year, compounded daily. […]

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DFPI-logo-horizontal-color-5

DFPI: Department of Financial Protection and Innovation – Scam Alerts

To me they will always be the Department of Corporations but their comments are licensed under their regulations. Check out their headline alert: Crypto Scam Tracker. Search the table below by company name, scam type, or keywords to learn about the specific complaints the DFPI has received. Use this information to protect yourself when engaging […]

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IRS AND FORECLOSURES

What happens when there is an IRS lien on a foreclosure sale? Do they have any super extra rights? No, they have 120 days to buy the property from the winning bidder paying the price bid at the sale. https://www.nolo.com/legal-encyclopedia/what-happens-my-home-if-i-dont-pay-income-taxes.html#:~:text=When%20an%20IRS%20lien%20gets,becomes%20the%20home’s%20legal%20owner.

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