Federal Tax Exclusion from Short Sales
Here is a really good article on Short Sales for us here in Los Angeles and possibly throughout the country.
You should always check with your financial planner before following any advice from anyone not trained in this area of expertise.
As many people are selling their homes short or also ...
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September 3, 2008
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UNDISCLOSED SHORT SALE PAYMENTS MAY BE ILLEGAL
UNDISCLOSED SHORT SALE PAYMENTS MAY BE ILLEGAL
taken from Realegal by California Association of Realtors
Undisclosed payments in short sale transactions, especially those paid outside of escrow, may violate the law, including RESPA, laws against loan fraud, and licensing laws. Short sale ...

