Comments for Ask an Expert, Big Bear Real Estate

Comment on Lakefront Listings by Nancy Cannizzaro

Nancy Cannizzaro — Mon, 11 Apr 2011 21:55:00 +0000

Please send me a list of all lakefront current listing. It is okay if it is a foreclosure or bank owned.

Comment on What’s Selling in Moonridge? by Lakefront properties | Lakefront Houses

Lakefront properties | Lakefront Houses — Sun, 06 Feb 2011 10:15:49 +0000

[...] What's Selling in Moonridge? « Ask an Expert, Big Bear Real EstateThere’s several reasons to build a sea wall along the shoreline of your lakefront property…but don’t expect to build it overnight. Here’s another informative article from Kathy Portie of The Big Bear Grizzly regarding a property over on … read more… [...]

Comment on California Passes Home Buyer Tax Credit AB183 by lichmc

lichmc — Mon, 24 Jan 2011 17:28:20 +0000

The funny thing is that they allow “Reserving a New Home Credit Before Escrow Closes” and
then FTB cry out :”….. As shown in the numbers below, we have received New Home Credit reservation requests and applications claiming more than $100 million. Since many of these are duplicate, invalid, revised, for purchases that have been cancelled, or include both a reservation request and application for the same property,…….The numbers are overstated as there are duplicate, revised, and invalid applications included. In addition, some purchases may be included twice if we have received both a reservation request and an application for the purchase. These …… Applications must be faxed …. Due to the high volume of faxes we are receiving,…. ”

What a waste of time and money for taxpayers!

Why they do not learn the simple from IRS or limit the work load as:

“Accepting only application that the selling/buying is done completly such as Settlement Statement (HUD-1), read Instructions for Form 5405 from IRS. If they want to limit due to budget limit, then a first-come, first-served basis and the first 10,000 ($100,000,000/$10,000) application based on closing escrow date.

Comment on California Passes Home Buyer Tax Credit AB183 by lichmc

lichmc — Sat, 22 Jan 2011 23:38:56 +0000

I just read the AB 183, it realy says about “within two weeks”. But it is still ridiculous bill. A first-come, first-served basis, but the limit in a short two weeks deactive its fairness. it looks like you have the right to speech but you cannot critizie the government.

Comment on California Passes Home Buyer Tax Credit AB183 by lichmc

lichmc — Sat, 22 Jan 2011 16:47:23 +0000

The AB 183 was passed by the legislature on March 22 and gives the Franchise Tax Board authority to extend a total of $200 million in tax credits to California

homebuyers; The credit will be extended from May 1, 2010 to December 31, 2010. The tax credit will be available to buyers on a first-come, first-served basis and

is applied in equal amounts over a period of three taxable years.

Yet the AB 183 does not say a limit 14 days after the closing of escrow. At that time most people believe that it would be the same as IRS Credit for first time

home owner.

I bought my first home and closed escrow account on 05/19/2010. My realtor as well as the escrow employees did not know about this 14 days limit. No body told

me about that until I visited FTB website on 06/07/2010. Even though, it was late 5 days, I faxed my application on that day. And my application was denied.

There is only Website of FTB saying about this limit. The time from the date signed by Governor Schwarzenegger to the date my escrow closed was too short to

spread the information of the 14 days limit imposed by FTB. I believe it is unfair and unethical practice. It is unfair because it is not a first-come, first-served basis

as the law said. I submitted application and bought a house first, but my application was denied because 14 day limit. Whereas, other homeowners bought a

house after me and submitted application after mine, but their application were approved.

FTB should announce clearly and widely on radio, TV, not only on its website and should allow the time enough for the information reach the recipients.
FTB should do more and clear because normal people may assume it is the same as IRS. I believe that FTB law of 14 day limitation is not a mirror of Governor

Schwarzenegger mind. It violates the AB 183

If you visit this web site on 03/26/2010 you can see no info about 14 days limit law of FTB.

http://california.realestaterama.com/2010/03/26/governor-schwarzenegger-signs-10000-homebuyer-tax-credit-legislation-ID0583.html

FTB 14 days annoucement
http://www.ftb.ca.gov/individuals/new_home_credit.shtml?WT.mc_id=HP_Feature_HomeCredit_Hed

Comment on 1100 Johnny Way, Big Bear Lake / Bank Owned REO Foreclosure by Steve

Steve — Thu, 20 Jan 2011 14:49:49 +0000

Mike,
I am not aware of the Bowling Barn being for sale. I don’t work on commercial RE unless it is a listing our group has, I stick to residential.

Comment on 1100 Johnny Way, Big Bear Lake / Bank Owned REO Foreclosure by Mike Monroe

Mike Monroe — Thu, 20 Jan 2011 02:24:00 +0000

Is the Bowling Barn for sale or bank owned?

Comment on Homes Sold in Moonridge Area of Big Bear by Lakefront | Lakefront Houses

Lakefront | Lakefront Houses — Sun, 19 Dec 2010 08:35:03 +0000

[...] Homes Sold in Moonridge Area of Big Bear « Ask an Expert, Big Bear …There’s several reasons to build a sea wall along the shoreline of your lakefront property…but don’t expect to build it overnight. Here’s another informative article from Kathy Portie of The Big Bear Grizzly regarding a property over on … read more… [...]

Comment on 20 Year History of Interest Rates for 30 Year Mortgages by Lakefront houses for sale | Lakefront Houses

Lakefront houses for sale | Lakefront Houses — Sun, 24 Oct 2010 08:01:41 +0000

[...] 20 Year History of Interest Rates for 30 Year Mortgages « Ask an …The number of homes for sale in Big Bear continued its upward rise in June. The median sales price jumped around again, something we’ve seen a lot of the past 6 months, while the average sales price remained nearly the same, and Big Bear homes … 5 bedrooms, 5 1/2 bathrooms, and over 4300 square feet, this three story cape cod style lakefront property is located on the west end of town in Boulder Bay. It was originally [...] Mike Wochner; Pending Sale: 40578 Simonds, … read more… [...]

Comment on Castle Glen Fox Farm Area of Big Bear by David Garray

David Garray — Sat, 21 Aug 2010 22:26:51 +0000

Thanks Steve