california foreclosure: short sale vs foreclosure - 10/16/07 08:10 AM
Here is a question I was sent via my active rain email.  I thought I would post it for two reasons. The first one being to show all the hard core "pay you loan back" that some people attempt to pay them back and hit difficult spots and two it is … (0 comments)

california foreclosure: California Association or Realtors - Short sale addendum - Restricts Realtors in short sales? - 08/17/07 04:46 PM
C.A.R. RELEASES NEW SHORT SALE LISTING ADDENDUMThe CALIFORNIA ASSOCIATION OF REALTORS(r) (C.A.R.) released yesterdaya new standard-form Short Sale Listing Addendum (SSL). Listing agentsmay attach this addendum to their listing agreements to advise sellersof various aspects of short sale transactions. Key provisions of theShort Sale Listing Addendum include the following:- Advises that … (1 comments)

california foreclosure: Short sale Negotiation - is providing the listing price of the real estate a mistake? - 08/04/07 02:36 PM
If you are representing a property owner in a short sale negotiation with the lender and a lender asked you for the fair market value of the property - how will you respond.     Two mornings ago, I got a call from the lenders foreclosure department three months after sending a short … (13 comments)

california foreclosure: California forclosure, short sale IRS, loan forgiveness - 06/25/07 04:37 PM
From  --  http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/06/05/BUGG5D3FNS1.DTL&feed=rss.business Foreclosure taxes: Suppose your house becomes worth less than you owe, you can't keep up the mortgage payments and the lender forecloses on the property.
You may be liable for two types of taxes: capital gains and cancellation of debt income. The same holds true if you abandon … (22 comments)

 
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