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short sale taxes: Short Sale Approval from CitiMortgage Delights This Sacramento Short Sale Agent - 06/20/09 09:06 AM
I imagine the short sale approval letter I received yesterday from CitiMortgage delights my Sacramento short sale sellers as much as it does their agent. Because an agent's job isn't over when the short sale approval letter arrives. Sometimes, those approval letters contain conditions that require more negotiation on the agent's part.
We might negotiate a work-out plan, similar, in some ways, to a loan modification. For example, the short sale seller might agree to repay a small portion of the debt in cash or by executing a non-interest bearing, unsecured promissory note, among other options.
However, here is the type … (5 comments)

short sale taxes: Is the Government Doing Enough to Bail Out Banks and Resolve the Housing Crisis? - 08/21/08 12:59 PM
This is one of those occasions when I wish that I had a blog feature that would let me create polls. I'm wondering how others think the government is doing with regard to resolving the housing crisis, the foreclosure mess, the subprime mess and failed banking institutions. I see that California has SB1055 on the governor's desk for signature. The version of this bill would let struggling borrowers off the hook for paying taxes after a short sale (on the amount of debt forgiveness), much like the federal government has already done.
There is a $250,000 cap on debt forgiveness that … (10 comments)

 
Eliz Rainmaker_large

Elizabeth Weintraub, Sacramento Short Sale Agent, Land Park, East Sac, Lyon RE

Sacramento, CA

More about me…

Top 1% at Lyon Real Estate #00697006

Address: 2801 J Street, Sacramento, CA, 95816

Office Phone: (916) 233-6759

Cell Phone: (916) 233-6759

Email Me

Broker-Associate at Lyon Real Estate, midtown Sacramento. Selling since 1974. Home Buying Columnist at About.com. Sacramento short sale agent.
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