Taxes on Contra Costa Short Sales
Many people come to me with their short sale questions, though one of the top questions I get, are about taxes and the implications of a short sale. Of course, I always tell people I'm not a CPA, tax advisor or attorney, and consultation with [...]
HAFA short sales with Bank of America are failing – GRADE = F
We all celebrated the new HAFA short sale months ago when it was introduced, as with many programs, it sounded good at the time. Of course I'd say we all had reservations knowing how anything the government had their hands in was going to be [...]
I want to do a short sale, can I strip my house?
Yes, I received a call from a potential client who asked me this very question. Now, he didn't ask in those exact words, but that's what he asked. After months of trying for a loan modification without any assistance, he's mad. After 3 months of [...]
Anatomy of a (needless) short sale decline
... or shall I say, how Freddie Mac (and Bank of America) is sending a house on the road to foreclosure on purpose? Yes, I said it. I have a condo listed since November. We started high based on previous sales in the complex, and [...]
Short Sales – are you in it for the right reasons? Are your clients adequately represented?
This has been a topic on my mind for a while. I have been 'specializing' in short sales in the last couple of years, out of necessity. But it's not what you think. It's not because of all the "get rich," "profit from short sales," [...]