Does the Mortgage Forgiveness debt relief act include short sale?

The Mortgage Forgiveness Debt Relief Act includes short sales of your principal residence that were financed by a qualified mortgage. That is a...

Sending a copy of the Trust to the beneficiaries is a requirement under the California Probate Code. It is not harassment for a beneficiary to ask...

Are there deficiency judgements in California for 2nd Trust Deeds in a short sale transaction?

Yes, you can be liable for the deficiency. Try to negotiate something with the 2nd TD holder. Disclaimer - This presentation does not...

Taxes...the state says my return for a few years ago was to much...do I have to pay them back?

Yes. If it was an error, you cannot keep the money. Disclaimer - This presentation does not constitute legal, accounting or other professional...

My boss has been taking state and fed. taxes out of my checks for all of 2008. but did not send any of it in.

You should get credit whether your boss sent the money in or not. The government will assert a trust fund recovery penalty against him for the tax...

CA LLC Single Member

It does not really affect you personally. This is a debt of the entity. The SOS will soon suspend the entity if you do not pay. They will also...

Can an apartment owner demand a security deposit that is 2 times the first months rent in California as a condition to move in?

A deposit of two months rent is pretty standard in CA. Disclaimer - This presentation does not constitute legal, accounting or other...

What will happen if i walk away from my condo?

Call your lender and let them know you want to do a deed in lieu of foreclosure and have them work out the paperwork. The debt forgiveness would...

I just sold inherited home in ca. FMV when I inhertied it was more than what I realized from sale. Should I pay the ca ales tax?

You can claim that there is a loss on the property and not have to have the tax withheld. This is for income taxes and is not a "sales tax." Your...

I found out I had overpaid state taxes (thru a garnishment) 19,000.00 I would like to get that back.

If the State applied the amount to a specific year they may be correct. You should have a tax attorney look at this one to see how the state...