Archive for January 24th, 2008
Short Sale Podcast
January 24, 2008
I was reading the California Association of Realtors blog today, and I came across a Podcast about short sales. It’s an MP3, check out the link:
http://media.car.org/pods/EdRealtorEp1_ShortSale.mp3
It’s part of their series “The Educated Realtor.” Strangely, it does not seem that this podcast is on iTunes, I don’t think you can subscribe to it, you need to subscribe to their blog, and I guess they’ll just post these podcasts there from time to time. And, while this is aimed at Realtors, it’s information that anyone considering doing a short sale (either selling a home through a short sale, or buying one) will find of interest.
A quick note: during the podcast, they point out that the amount of debt forgiven by the lender(s) will be treated as taxable income by the seller. This is no longer true -
Posted by SantaCruzBroker at 12:08pm
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