I am a full time Realtor in the Palm Springs, Coachella Valley since 2000. I have a vast knowledge of the area and communities. I love working with people who want to move to our beautiful area. Please visit my web site for more information.
In California you must disclose everything about the property, even if the seller will not replace or repair anything.
Judy Genton,Realtor
Wiindermere Real Estate
Indian Wells, CA - Wed Aug 20 2008, 07:36
I would like to expand on the answers for short sale. Short sale means you own more on the mortgage than the property is worth at current market value. One very important piece of information. Check with your tax person or CPA to see if a short sale is right for you and your situation. It could be better for you to walk away and let the property go into foreclosure. The new tax law which went into effect December, 2007 and expires on January 1, 2010 is called public Law # 110-142, Mortgage Forgiveness Debt Relief Act of 2007. I would be happy to e-mail you a copy of the law. Most important though is check with your tax person.
Judy Genton,Realtor
Indian Wells, CA
judy@judygenton.com - Mon Aug 18 2008, 10:09
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.