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Law Ken
Foreclosures, Short Sales and Taxes
(California)
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Paso Robles, CA 93446
The country has seen an unprecedented number of foreclosures over the past 2 years, and there is no end in sight.
Many are faced with the decision to walk away from the mortgage and property they own, and allow the bank to foreclose, or to go through the short sale process to sell their homes themselves.
There are different federal tax ramifications that should be addressed before making this determination. As a tax attorney and a real estate broker, I have followed the continued changes and updates in federal tax laws, as well as those for the state of California. As a disclaimer, I can give you advice on Federal Taxes, no matter where the property is located, and California taxes, as well as the legal ramifications (such as deficiency judgments) in California.
To learn a little more about me, you can go to my website, which will tell you more about my background.
Unfortunately, many people come to me after the fact, and hope for a miracle to save them. That does not always work. It is always best to have the most knowledge possible before making a major decision like this. Give me a call for your consultation.
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Professional Designation: Attorney
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