Mortgage Forgiveness Debt Relief Act – North Bay Business Journal - North San Francisco Bay Area, Sonoma, Marin, Napa counties

Real Estate: After veto, governor asks lawmakers for new mortgage tax relief measure

April 5th, 2010

Because of a bill vetoed last week by Gov. Arnold Schwarzenegger, California homeowners who sell short will have to pay taxes on forgiven mortgage debt.
Borrowers face risks in foreclosures, short sales

February 8th, 2010

NORTH BAY – With the rise of foreclosures and short sales, homeowners, commercial property owners and real estate investors should be looking out for some potentially costly pitfalls.
Cancellation of debt can mean big tax bill

July 20th, 2009

NORTH BAY – Commercial property owners are having to come up with ways to avoid paying high taxes on loan restructuring and sales back to a bank.

North Bay Business Journal