Short Sale
CA Mortgage Forgiveness Debt Relief Info for Palo Alto Homeowners
April 17, 2010 by Gwen Wang · Leave a Comment
California passed a new law to extend tax relief to those who have received mortgage loan modifications or debt forgiveness in the wake of the current housing crisis. Normally, when any loan amount if forgiven, it is treated as income for that year on your tax return. In order to prevent causing an undo burden [...]
Read More...Should You Consider a Short Sale on Your Palo Alto Home?
March 21, 2010 by Gwen Wang · Leave a Comment
A short sale happens when a lender agrees to accept less than the balance remaining on a home. It is a way for sellers to avoid foreclosure and sell their Palo Alto homes. It seems like a good idea for people who owe more on their home than it’s worth, but that doesn’t mean it [...]
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