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	<title>Infinite Luxury Just for You</title>
	<link>http://aaawings.com/blog</link>
	<description>Las Vegas Luxury Real Estate at it's Best!</description>
	<lastBuildDate>Wed, 12 May 2010 02:11:47 +0000</lastBuildDate>
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		<title>California  tax forgiven on mortgage debts</title>
		<description><![CDATA[
Relief appears imminent for thousands of Sacramento homeowners hit with state tax bills for mortgage debts forgiven in 2009.
State lawmakers said Monday they plan to cancel the state tax obligations with a vote Thursday.The legislation will go before the Assembly Revenue and Tax Committee today and theppropriations Committee on Wednesday, and will receive a full vote [...]]]></description>
		<link>http://aaawings.com/blog/2010/05/11/california-tax-forgiven-on-mortgage-debts/%</link>
			</item>
	<item>
		<title>Flipping Property</title>
		<description><![CDATA[FHA Property “Flipping” Clarifications
 

 
A.                  Transaction must be arms-length:

a.        Seller can be an LLC, Corporation or Trust as long as it was established in accordance with applicable state/federal law
i.        Multiple title transfers in the past 12 months require additional review and may require additional documentation and/or may not be eligible [...]]]></description>
		<link>http://aaawings.com/blog/2010/05/11/flipping-property/%</link>
			</item>
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		<title>Tax Forgiven in California</title>
		<description><![CDATA[
California expected to cancel tax on forgiven mortgage debts

Read more: http://www.sacbee.com/2010/04/06/2657410/california-expected-to-cancel.html#ixzz0kZ03SU8SRelief appears imminent for thousands of Sacramento homeowners hit with state tax bills for mortgage debts forgiven in 2009.

 
State lawmakers said Monday they plan to cancel the state tax obligations with a vote Thursday.
Shannon Murphy, spokeswoman for Assembly Speaker John Pérez, D-Los Angeles, said legislation [...]]]></description>
		<link>http://aaawings.com/blog/2010/05/11/tax-forgiven-in-california/%</link>
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		<title>FHA Property “Flipping” Clarifications</title>
		<description><![CDATA[I have had some people ask me about the rules relating to flipping property and through
a newsletter I recieve on a monthly basis I came across an article which listed what you 
should do if you are considering flipping houses for investment purposes.  I hope this 
answers some of your questions but if I were [...]]]></description>
		<link>http://aaawings.com/blog/2010/04/12/fha-property-%e2%80%9cflipping%e2%80%9d-clarifications/%</link>
			</item>
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		<title>Mortgage Purchase and Refinance Applications Rise Significantly</title>
		<description><![CDATA[
 
Per the Market Composite Index, a measure of mortgage loan application volume, increased 14.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 15.5 percent compared with the same time a year ago.
 
&#8220;Mortgage applications rebounded last week, particularly in regards to refinance transactions, as rates dropped back [...]]]></description>
		<link>http://aaawings.com/blog/2010/04/12/mortgage-purchase-and-refinance-applications-rise-significantly/%</link>
			</item>
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		<title>The Face of Real Estate</title>
		<description><![CDATA[
It is amazing how the whole face of Real Estate has changed over the past 20 years first we had the Resolution Trust Company set up in the 1980&#8217;s for REO&#8217;s, which swept the nation for 10 years and is still with us today, now we have the National Short-Sales era upon us.  It is a always [...]]]></description>
		<link>http://aaawings.com/blog/2010/04/12/the-face-of-real-estate/%</link>
			</item>
	<item>
		<title>&#8220;If I were a U.S. Senator, what would be my New Year&#8217;s Resolution?&#8221;</title>
		<description><![CDATA[
Let&#8217;s see, if I were a U.S. Senator or part of the new Obama Administration, my number one action would be to relieve the stress on the mortgage crisis by readjusting mortgages with major lenders to match the current home fair market rates.  My number two action would be to stimulate the housing industry by [...]]]></description>
		<link>http://aaawings.com/blog/2008/12/28/if-i-were-a-us-senator-what-would-be-my-new-years-resolution/%</link>
			</item>
	<item>
		<title>What is happening to “Joe, the homeowner?”</title>
		<description><![CDATA[     Where are the Bailout Initiatives for the Individual Home Owner?  From Wall Street Investment Firms, Banks, to the Auto Industry, everyone is getting bailed out except for the one individual that matter the most in our economy—“Joe” the home owner.  We hear the sad stories every day.  The other night on one of the [...]]]></description>
		<link>http://aaawings.com/blog/2008/12/27/what-is-happening-to-%e2%80%9cjoe-the-homeowner%e2%80%9d/%</link>
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