News & Insights

A second mortgage may be removed through Chapter 13 bankruptcy if the home has no remaining equity to support it.

A short sale may lead to tax consequences when the lender cancels part of the remaining debt after the sale is completed. In such cases, the forgiven amount can be reported to the homeowner through a 1099-C form, which treats the canceled debt as taxable income.

Short sales can come with serious hidden obligations if the paperwork is not reviewed carefully.

Real Estate Attorneys in Newport Beach, CA are dedicated to assisting clients with buying, selling, and managing real estate properties...