Archive for October, 2012

Freddie Mac warns of bogus landlords renting out foreclosed homes.

By Kenneth R. Harney October 21, 2012 WASHINGTON — No one wants to take the blame for the housing bust in this political season, but scammers and rip-off artists in the hundreds are working overtime to siphon dollars out of the wreckage of the crash and its still-vulnerable victims. You’ve probably heard about the loan-modification […]

What California short sellers need to know before tax-time

What California short sellers need to know before tax-time February 6, 2014 August 6, 2015 update: Congress extended the Mortgage Forgiveness Debt Relief Act to cover short sales, foreclosure sales and cramdowns through the end of 2014. If your seller had debt discharged in this manner in 2014, they are eligible to exclude this principal discount from their taxable […]