So many people throughout the United States and throughout California are impacted by COVID-19, the coronavirus. Many homeowners like yourself are probably full of questions, worries, and concerns about mortgage payments in light of the Coronavirus situation. We hope...
Many homeowners like yourself are probably full of questions, worries, and concerns about mortgage payments in light of the Coronavirus situation. Our goal here is to alleviate some of your fears and discuss some of your options. During the previous economic...
I think we can all agree that the world did a 180-degree turn in just a few short weeks. From a thriving stock market and global economy, the COVID-19 virus has impacted millions of people. From mortgage holders to renters, there are very few folks in the United...
How Will a Short Sale Affect My Credit Score? Borrowers often ask, “How Will a Short Sale Affect My Credit?” An individual’s credit rating affects their ability to obtain financing and obtains favorable rates. FICO, the Fair Isaac Corporation, is the most widely used...
Tax Implications Borrowers are often concerned about the tax consequences of a short sale. This is because, up until fairly recently, mortgage debt on a primary residence that was forgiven from a Short Sale or Foreclosure could be counted as “taxable income” by...
