After lots of wrangling, Gov. Arnold Schwarzenegger is finally ready to do right by strapped California homeowners. Currently, state law requires the payment of income tax on a homeowner’s canceled or forgiven debt on a short sale or foreclosure. What it means in practice is that a struggling homeowner who has either lost his...
The insurer had delayed the increases till May 1 pending a review by an outside actuary appointed by the state insurance commissioner. That report is expected within two weeks. Thousands of worried Californians who buy individual insurance policies from Anthem Blue Cross will soon learn whether they face rate increases of up to 39%...
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