On November 3rd, California voters approved Proposition 19, a measure designed to give homeowners more freedom to change residences while closing tax loopholes on inherited properties.
The measure, set to go into effect early next year, has two distinct parts, the first of which allows homeowners who are 55 or older, disabled, or lost their home in a natural disaster to transfer their tax base to a new home up to three times anywhere in California.
Moving just got easier with the passage of Prop 19. Here are the changes and what to expect from real estate in the future.
It seems that we can’t turn on the television or radio without hearing an ad for a “reverse mortgage.” So, what is a reverse mortgage