SMART MOVE:
Ways To Avoid Home-Sale Complications
More than a few people last year found their perfect next home before finding a buyer for their old home. Sellers in this situation sometimes go ahead with the next home purchase using a "bridge loan" to make the transition. Some end up cutting their sales price below market to resolve a double-mortgage situation. Other simply lose out on their preferred home as they wait for the old home to sell.
The best way to avoid these complications is to list your current home early, allowing plenty of time to sell before you go shopping for your next home. Another strategy: Negotiate for a "home-sale contingency" in your purchase contract, allowing you to hold the next home for a limited amount of time until the old home sells. 
ANNOUNCING
San Diego Law Firm and Optimal Realty & Loans is opening a South Riverside County office and is currently looking for office space in Sun City and Temecula.
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DID YOU KNOW?
The IRS recently began a pilot-project that uses private debt-collection agencies to collect back taxes. The controversial program will employ three private collection agencies to target 40,000 delinquent accounts of taxpayers who are in the red to Uncle Sam for $25,000 or less. The agencies get to keep up to 25% of what they collect.
Criticism of the program includes the fear that tax delinquents will be harassed illegally, even though the agencies will be subject to fair debt collection laws. There is also concern about turning over sensitive personal and financial information to private companies.
If you are one of the 40,000 accounts targeted, the IRS must inform you in writing. However, you will be allowed to opt out at that time and deal directly with the IRS.
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