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short sales: Woodland CA Short Sales - 04/07/09 07:32 PM
As of today there are 85 homes for sale in Woodland listed as short sales.  A short sale is when the seller owes more on the house than what it will sell for.  In order for a seller to "sell short" the mortgage holder(s) must approve the sale and agree to accept less than what is owed on the property.
Since there is never a guarantee of what a home will sell for until there is a contract - most banks will not even look at a seller's package until there is an offer in place.  Banks are also overwhelmed with … (0 comments)

short sales: Tax Consequences of a short sale or Foreclosure - 06/30/08 08:42 PM
First, let me state that I am a licensed Real Estate Broker and not a tax accountant or attorney and I am not qualified to give legal or tax advice.  However, as an agent dealing with Woodland and Sacramento property values that are much lower than what is currently owed on a property, I am often asked about the tax consequences of both foreclosures and short sales.  The IRS has given some guidance on the tax implications of a foreclosure or short sale and Congress passed the Mortgage Forgiveness Debt Relief Act of 2007.
I recommend anyone contemplating a short sale or … (1 comments)

 
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Carolyn Gjerde-Tu - Davis Ca Real Estate

Davis, CA

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Lyon Real Estate

Address: 401 Second St, Davis, CA, 95616

Office Phone: (530) 297-2260

Cell Phone: (530) 601-6168

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