San Francisco and Oakland voters approved ballot measures that will narrow long-standing transfer tax exemptions for lender acquisitions through foreclosure and deeds in lieu of foreclosure. Beginning in 2027, many distressed real estate transactions involving commercial property will be subject to transfer tax based on fair market value, potentially resulting in substantial additional tax costs.
California Voters Approve San Francisco and Oakland Transfer Tax Measures Targeting Foreclosures and Deeds in Lieu
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