Category Archives: Short Sales

All topics related to selling real estate short sales, including the short sale process, pitfalls, impacts on credit, and success stories.

They Did It! California legislature Gets Rid of Foreclosure, Loan Mod and Short Sale Tax!

Posted on April 8, 2010 by Forth Hoyt, CRS, CDPE, Certified HAFA Specialist, HRS, PSC, RDCPro, A-REO, SFR, SRES, e-PRO, Master's Club

Just last week, I wrote California Will Not Forgive Taxes on Mortgage Debt Relief. The governor had vetoed a bill that would have already changed the taxable Earlier Today, the California legislature passed a mortgage relief tax bill that will save  … Continue reading →

Posted in Short Sales | Tagged California legislature, California mortgage tax law, government programs, mortgage debt tax relief, Mortgage Forgiveness Debt Relief Act of 2007, mortgage relief tax bill, principle reduction loan modification, Sacramento Certified Short Sale Specialist Report, tax bill | Comments Off

Quoted in today’s Sacramento Bee in an article about Short Sales

Posted on April 2, 2010 by Erin Attardi

I spoke to Jim Wasserman of the Sacramento Bee briefly on Wednesday regarding the new Federal HAFA (Home Affordable Foreclosure Alternatives) Program that takes affect on Monday, April 5th. He used a few of my quotes for an article that … Continue reading →

Posted in News To Us, Short Sales, The Buying and Selling Process | Tagged Buyers, Decline in Market Value, Erin Attardi, Existing Home Sales, Foreclosures, Local Interest, Sacramento, Sacramento County, Sellers, Short Sales | Leave a comment

Renting a Sacramento Home? How to find out if the property owner is in default or facing foreclosure…

Posted on April 1, 2010 by Erin Attardi

I received a call today from a very nice lady who is planning to move to the Sacramento area, and wants to rent in the Land Park area prior to purchasing a home there. She was full of questions about … Continue reading →

Posted in News To Us, Short Sales, The Buying and Selling Process | Tagged Buyers, Decline in Market Value, Erin Attardi, Existing Home Sales, First-Time Home Buyers, Foreclosures, Local Interest, Renters, Sacramento County, Sellers, Short Sales | Leave a comment

Why On Earth Would I Attempt A Short Sale?

Posted on March 17, 2010 by Jon Maddux

Recently a family purchased a short sale home in San Bernadino, CA and to their surprise when they walked in, the toilets and sinks had been sabotaged.  Over the weekend an unknown trespasser filled the toilets and sinks with concrete and it had … Continue reading →

Posted in Best Of The Storm, Short Sales | Tagged Short Sales | 6 Comments

Federal Short Sale Program… The Last Resort?

Posted on March 9, 2010 by Jon Maddux

5 Reasons Why The Program Is Doomed To Fail: Like the federal loan modification program that was put into effect just over a year ago, the federally subsidized short sale program, set to take effect April 5th, is now being … Continue reading →

Posted in Banking and Finance, Best Of The Storm, Everything About Foreclosures, Home Economics, Short Sales | Tagged Foreclosures, HAMP, Loan Modifications, Short Sales | Leave a comment