Finding help with HAFA short sales

HAFA short sale program logo

HAFA is an improved short sale program that has standardized and streamlined the process, offering new incentives for servicers, protecting homeowners from deficiency claims, and providing $3,000 in relocation assistance. The program has been extended updated many times and is currently available through Dec. 31. HAFA short sales in California are streamlined for success; you just have to be with the right team for success. If you or your loved one is facing a financial crisis over your … [Read more...]

Update: Federal taxes on forgiven short sales

Update: Federal Taxes on Short Sales Forgiven in CA 2014   Since the Mortgage Debt relief act of 2007 expired in December 2013 there has been much confusion over the issue of the IRS tax on short sales in California.  Although we do not have a law currently in place defining the forgiveness of Federal Taxes on Short Sales in California for  2014 we do have a documented opinion from the IRS thanks to Senator Barbara Boxer. “The Internal Revenue Service Will Not Penalize California Families … [Read more...]