Short sales are occurring with increasing frequency as a result of the poor economy and shrinking home values. What many people don’t realize is that if your lender allows you to sell your home at a loss, you may be liable for taxes on the losses incurred by the lender. The IRS considers a...
LOS ANGELES- A 7.2 magnitude earthquake centered in Baja California, Mexico was felt all over Southern California, rocking high rise buildings from San Diego to Los Angeles, but there were no immediate reports of major damage. One man died when his home collapsed on him, Baja California state Civil Protection Director Alfredo Escobedo. The...
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