The delay in passing a Debt Relief Act Bill by our state legislature has been a cause of concern for many sellers of Danville Real Estate, and in fact any seller of California real estate, who concluded a short sale of their primary residence in 2009. The following Contra Costa Times article reports on the concerns of many homeowners and the high likelihood of the passing of this bill soon. Without this bill being passed, many may be facing huge tax penalties as a result of a short sale.
Homeowners with short sales face big tax bills – ContraCostaTimes.com.
