short sale: Successful Orange County Agent handles your Short Sale Questions! - 05/14/08 03:33 AM
Can I really be exempt from paying debt relief tax?
Yes. There are several ways and most people qualify. One can be exempt if:
Primary residence and original purchase money loan, Principal residence with a cash out loan up to the amount of money used towards the home, Incsolvency - more debts and liabilites than assets and Bankruptcy Chapter 7.
90% of the cases I see are better off doing a short sale than letting the house go to foreclosure. The main reason is the credit score. The next reason is to satisfy the lender instead of a possible deficiency judgement in the future for the lost … (1 comments)

 
Adam  Alcaraz (Regency Real Estate)

Adam Alcaraz

Mission Viejo, CA

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Regency Real Estate

Address: 25950 Acero, Suite 100, Mission Viejo, Ca, 92691

Mobile: (714) 658-4147

Office: (949) 707-4316

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