Help for Victims of the Valley Fires

I wanted to share some valuable information from an article in the SF Chronicle this morning regarding relief for anyone affected by these fires.  It discusses grants from FEMA and the California Office of Emergency Services; Tax Relief;  and Property Tax reassessments.

Contact your Insurance Agent immediately if you have been affected by these fires and recommend that anyone you know who has been affected by these fires do the same.

Homeowners, renters and businesses can now apply for grants (which don’t have to be repaid) or low-interest loans to cover uninsured fire-related expenses such as temporary housing;funeral and emergency medical costs; replacing personal property, including cars; and repairing and replacing homes and buildings.  To apply, go to http://www.disasterassistance.gov or call (800) 621-3362.  FEMA and the California Office of Emergency Services will set up centers where people can apply in person within the next week, after it’s safe to be outside in case lines form.  Applicants may be referred to the Small Business Administration, which is handling disaster loans to businesses and homeowners.

Fire victims also may be eligible for property tax relief.  “In many cases, the damaged property can be reappraised in its current condition, with some taxes refunded to the property owner.  Once rebuilt, the property’s pre-damaged value will be restored,” the State Board of Equalization said.  To qualify, you must file a claim with your county assessor’s office within 12 months from the date of damage or destruction and the loss estimate must be at least $10,000.  This applies whether it was a single-home fire or part of a major disaster.

If the fire was part of a governor-proclaimed state of emergency, owners of damaged property also can apply to have their next property tax payment deferred without penalty or interest until the county assessor has reassessed the property and sent the owner a corrected bill.  The next regularly scheduled due date is Dec. 10.  If your property taxes are paid along with your mortgage payment as part of an impound account, you’re not eligible for deferral but an still apply for reassessment.

 

Here is the link to the article:

http://www.sfgate.com/business/networth/article/Where-fire-victims-can-apply-for-tax-relief-and-12276770.php

 

If you or anyone you know need anything, please contact us as me. We have many resources

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Our Favorite Fall Decorating Ideas

We combed through the internet to find some really beautiful and fun ideas for fall decorating.
Click on the photo to see our favorites!

 Our Favorite Fall Style Picks

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San Francisco Bay Area Housing Market Logs Home Sales Gains in August

San Francisco Bay Area Housing Market Logs Home Sales Gains in August

San Francisco Bay Area Housing Market Logs Home Sales Gains in August; Median Sale Price Dips
from July, but Still Up More Than 11 Percent Year Over Year.
New data released today by CoreLogic® shows a total of 8,388 new and resale houses and condominiums sold in Alameda*, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Solano and Sonoma counties in August 2017, up 11.7 percent month over month from 7,512 sales in July 2017** and up 1.7 percent year over year from 8,245 sales in August 2016. August 2017 sales were the highest for the month of August since 2013 when 8,616 homes sold. Since 1988, the average change in sales between July and August is a gain of 2.5 percent. August sales have ranged from a low of 6,688 in 1992 to a high of 13,940 in 2004, and August 2017 sales were 10.4 percent below the August average of 9,365 sales since 1988 when data for this report begins (data start dates vary by county).
In August 2017, sales of newly built homes—detached houses and condos combined—were 38.7 percent below the long-term August average, while resales were 7 percent below the month’s average. Ignoring the 2003–2006 housing boom that was fueled by risky home loans, August 2017 resales were 1.5 percent below the month’s average. (more…)

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