Forclosures and Short Sale Gives a Tax Shock Homesellers in California

Many homeseller in California are in trouble by the state of California as they get a tax shock the short sale homesellers and for those who lost their homes due to foreclosure. A few Californians are figuring out their income tax now and are in shock at the amount of the tax bill. California did not continue the forgiveness on the tax liability for the loan forgiveness for the whole of 2009.



The amount of tax liability can and often is over $100,000 and their 2009 tax is very high, a tax shock for the homeseller in California. To learn more contact us.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!