The US housing market is filled with homes that have fallen in value during the current mortgage prices. This leaves homeowners "upside down" on their mortgages. When this happens and homeowners need to sell their homes due to relocation or financial difficulties, they become what is known as distressed sellers. In some instances, banks and … Continue reading Information on Short Sales
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CALIFORNIANS FACING SHORT SALE WILL CONTINUE TO GET A BREAK ON TAXES
The expiration of the Mortgage Forgiveness Debt Relief Act of 2007 is coming at the end of 2013. Many people in California have wondered how the expiration of that act would affect people who needed to use a short sale to get out from under an underwater mortgage. In many cases, the expiration of the … Continue reading CALIFORNIANS FACING SHORT SALE WILL CONTINUE TO GET A BREAK ON TAXES
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