`

Californians Who Short Sell Won’t Face State Tax Penalty

George Runner announced 12/4/13 that the Franchise Tax Board will follow the lead of the Internal Revenue Service and not impose a tax penalty on Californians who have sold their home via a short sale. In a written response sent to Runner today, FTB Chief Counsel...

Foreclosure Trends for Big Bear Lake July 2012

92315 Foreclosure Trends Embed this chart on your own page… Foreclosure Filings—Notice of Default filings are the first step in the foreclosure process. Notice of Trustee Sale filings set the date and time of an auction, and serve as the homeowner’s final...

Top 10 Short Sale Myths

Myth #1: The homeowner must fall behind on mortgage payments in order to qualify for a short sale. Debunked:  Years ago this may have been true, but not in 2012. A financial hardship must exist, such as the ARM (Adjustable Rate Mortgage) increasing in monthly...