Calabasas State of the City Speech

February 3, 2012  |  No Comments  |  by Dana Olmes  |  Calabasas

Important Event for all Calabasas Residents

By: Dana Olmes

Mayor James Bozajian will present the 14th annual State of the City Speech on February 9, 2012 at 7pm at the Founder’s Hall in the Calabasas Library. The speech will review the city’s accomplishments of the past year as well as goals for the future. Mayor Bozajian plans on placing an emphasis on city finances, public safety, environmental responsibilities, and community services. All resident’s are encouraged to come and reflect upon the achievements of Calabasas during 2011. Read More

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Tax Relief on Mortgage Debt Ending

January 31, 2012  |  No Comments  |  by TaylorFisher  |  Calabasas, Hidden Hills, Syndicated Partners

Attention Calabasas Homeowners

By: Barbara Lipkin

Time flies. It is almost February 1st as we enjoy incredible California sunshine-another day in paradise. Fortunately, Lew Sichelman reporting in this Sunday’s LA Times, has reminded us that tax relief on mortgage debt forgiveness ends in 2013. The Mortgage Debt Relief Act of 2007 allows taxpayers to “exclude from income the discharge of debt on their principal residence”. Although, homeowners have until the end of 2012, it may very well take up to 11 months to persuade banks to foreclose or sell homes for a lesser value than they are worth. Read More

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