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Short Sale Law, Foreclosure Law, Stop Trustee Sales

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Uploaded by on Dec 27, 2011

During this tough economic time, there are tremendous numbers of foreclosures and short sales; this course is designed to help the real estate agents understand the legal and tax consequences of short sale and foreclosure. Real estate agents will learn California deficiency law in a short sales and understand how to help homeowners avoid liability to lenders. California non-judicial jurisdiction foreclosure time will be discussed. Real estate agents will learn the tax treatment of a 1099-C derived from a short sales and foreclosure. Real estate agent will learn federal bankruptcy law that allows elimination of the 2nd mortgage in this burst real estate market.

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