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For home owners who can no longer afford to keep mortgage payments current, Except for certain conditions pursuant to the Mortgage Forgiveness Debt Relief Act of 2007, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California. Weintraub's Short Sales for Sellers. ... Read Article
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Of total property sales with 45% in California 1, 38% in Nevada 3, and as high as 60% in select the Mortgage Forgiveness Debt Relief Act, passed in 2007, The important highlights of the law as discussed on www.IRS.gov are: 1. The Mortgage Forgiveness Debt Relief Act of 2007 excludes up ... Fetch Doc
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Californians Who Short Sell Won’t Face State Tax Penalty
State Board of Equalization member George Runner has announced that the California 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 this week, Franchise Tax Board Chief Counsel Jozel Brunett stated, “Since California conforms to the relevant ... Read News
IRS To Give Break To Distressed Homeowners
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Foreclosure - Wikipedia, The Free Encyclopedia
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Revision Date: 15 Debt Relief Income Insolvent Taxpayer Exclusion
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