Posted on November 21, 2013 - 07:52 AM
by Barbara Boxter
No Federal Debt Relief Income Tax on Short Sales
C.A.R. has been working with California Sen. Barbara Boxer to protect distressed homeowners from debt relief income tax associated with a short sale in California. As part of this effort, Sen. Boxer requested the Internal Revenue Service (IRS) to provide guidance on whether mortgage debt forgiveness in a lender-approved short sale would be taxable income under federal law, given California’s recent non-recourse laws for short sales, which were hard fought victories by C.A.R
Kelly Gabbadon I can't thank you enough Nestor you made my dream possible in 1 short month when everyone said it would take some time to sell & although it was a lot of work selling my 1st home you walked me straight through & for that I am forever grateful..
766 Gatewood San Leandro California..Kelly Gabbadon
In all our dealings with Realtors over the past ten years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you!Ms Doloris Lopez