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 (First Team Estates | Christie's International Real Estate)

Adam Alcaraz

Newport Beach, CA

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First Team Estates | Christie's International Real Estate

Address: 4 Corporate Plaza Drive, Newport Beach, CA, 92660

Mobile: 714-658-4147

Office: 949-930-6351

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