Tax Ramifications And Deficiency
There are many different Realtors who give legal advice during a short sale. Short sales are complicated! For this reason, my company has contracted with several local attorneys to have a “free to you” 30-minute consultation with an attorney.
Most people in California who do a short sale do not ow any taxes or owe the difference between what the home sells for and what they owe but these situations are complicated so we consult with an attorney to figure out your exact liability instead of generalizing.