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Proposed California Bill: A.B1771 with Nema Daghbandan | Part 1
Nema Daghbandan is a Partner with Geraci LLP. His practice encompasses all facets of real estate transactions, primarily representing lenders, brokers, and loan servicers. His practice revolves around the preparation of documents and providing compliance advice to mortgage professionals related to nationwide commercial, residential, construction, and multi-family loan transactions. He also provides advice on documentation […]
Proposed California Bill: A.B1771 with Nema Daghbandan | Part 2
Nema Daghbandan is a Partner with Geraci LLP. His practice encompasses all facets of real estate transactions, primarily representing lenders, brokers, and loan servicers. His practice revolves around the preparation of documents and providing compliance advice to mortgage professionals related to nationwide commercial, residential, construction, and multi-family loan transactions. He also provides advice on documentation […]
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California AB 1771: Stop The California Flip Tax!
California AB 1771: Stop The California Flip Tax!
California AB 1771 will charge an additional 25% capital gains tax on almost EVERY RESIDENTIAL PROPERTY sold within 3 years of purchase. The additional tax would decline in annual increments until the property has been owned for more than seven years. Legislators proposed AB 1771, also known as the California Housing Speculation Act, on the […]