This title is a lot to cover in one sitting. This seems to be what everyone is talking about so I thought I would offer some insight.

Short sales:  If you’re looking to purchase or are purchasing a short sale, a one-lender scenario is a best case scenario. It’s similar to a traditional purchase, but you may end up paying for some costs you didn’t anticipate. What’s more, you cannot expect credits from the seller for a contractor’s inspection. And of course there’s the waiting period, which can be unpredictable, but not always as long as one might think. There are some great values in short sales.

If you are looking to short sell your property, it will destroy your credit for a minimum of 3 years. Still, this is the best solution for many home owners. You will receive a1099 following the sale and a will have to seek a means to work with the IRS on diminishing or desolving this debt. I can answer any and all questions and have great legal resources on this.

On another note, the deadline for San Francisco property tax reductions is March 31, 2010. Definitely contact me for comparables for your property or questions. You may go to this website for the application.

Please stay tuned on details for loan modifications, or contact me at your convenience. I am available 24/7.