Debt-Tax Relief Gets Another Chance
With the difficulty the state politicians had in reaching an agreement – and it’s not done yet, Moonbeam still has to sign it – this will probably be the last chance for over-encumbered homeowners to...
View ArticleMoonbeam Vetoes Debt-Tax Relief
Will short-sale agents disclose the tax? Trivia: Jerry Brown’s first term as governor followed Reagan’s last: Legislation that would have protected homeowners from being taxed on “phantom income” after...
View ArticleShort-Sale Fraud Bust
The district attorney went back a few years here. Hat tip to daytrip! https://www.noozhawk.com/article/santa_maria_men_charged_real_estate_fraud_case Two Santa Maria men have been charged with...
View ArticleTax Tips for Homeowners
Your home is your castle, and it is also a source of tax deductions. Yet, every year, Americans let these potential tax deductions pass by, not realizing how to take advantage of them. IRS Publication...
View ArticleMortgage-Debt Tax Relief
Yesterday I saw a for-sale sign in front of an upcoming REO listing. It made me wonder, “How many REO and short-sale listings of detached-homes have we had this year around NSDCC? Here are the...
View ArticleREO Listings Skyrocket
I hope the headline porn grabbed you! 😆 REO listings have increased lately around NSDCC, though they are still a small fraction of the overall marketplace (there have been 2,238 detached-home sales...
View ArticlePotentially Distasteful?
Because California has been exempted by the IRS from their debt-tax on short sales, we should still see more of them in the coming months and years. They tend to be shady – here’s how a case in Nevada...
View ArticlePerp Walks?
We haven’t heard anything about short sale fraud in a while – here’s the latest: The post Perp Walks? appeared first on bubbleinfo.com.
View ArticleShort-Sale Fraud
The new guy named Jeremy wandered into the discussion about short-sale fraud the other day, and found that long-time readers here don’t take kindly to scams – and scammers. But we’ve seen how...
View ArticleCalifornia Mortgage-Debt Tax Relief
California used to lead the nation in exempting mortgage-debt relief from taxation. But the latest extension of that law was defeated, leaving short-sellers and those being foreclosed in a prickly...
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