by Kris and Kim Darney | Dec 5, 2013 | Government Bills, Regulations and other news affecting, Short Sales Stop Foreclosure
It’s official according to the California Association of Realtors (CAR). As expected, the announcement earlier this month from the IRS courtesy of CAR and Senator Barbara Boxer, the IRS will consider any short sale taxable shortages (1099) for California... 
by Kris and Kim Darney | Dec 4, 2013 | Advice on Selling with No Equity in Southern California
Here it is comes, 2014, just a few weeks away…can you believe it? I find myself wondering what 2014 will bring? With recent numbers released by housing forecasters of over 40% of homeowners with mortgages being underwater I have to ask what is really... 
by Kris and Kim Darney | Nov 15, 2013 | Short Sell and Rent Back Program
California Association of realtors and California Senator Barbara Boxer received a letter from the IRS that clearly spell out the due to California’s protective laws for distressed homeowners, that the Internal Revenue Service will not pursue tax deficiencies on... 
by Kris and Kim Darney | Nov 14, 2013 | Government Bills, Regulations and other news affecting, Short Sell and Rent Back Program
Back in early 2010, the Hardest Hit Fund (HHF) was established by the Treasury to help certain hard-hit states deal with heightened unemployment and foreclosure activity. A total of 18 states and the District of Columbia were allocated roughly $7.6 billion in federal... 
by Kris and Kim Darney | Nov 8, 2013 | Fannie Mae, Government Bills, Regulations and other news affecting
Great news for (previous) short sellers who have been forced to remain on the sidelines because their short sale was being (mis) reported as a foreclosure on their credit reports. Fannie Mae has designed a fix for a computer software problem that erroneously reported...
