Israel Gonzalez's (ighomesdotcom) Blog

Hollister CA – The Mortgage Forgiveness Debt Relief Act of 2007 allows most people to short sale a home and not owe any income taxes on the forgiven debt. However, there are a few situations where a homeowner may still owe taxes after a short sale. Click here to discover how other sellers success...

Hollister CA – In our last blog post we explained that the Mortgage Forgiveness Debt Relief Act does not automatically release you from your mortgage debt after a short sale. So what does this law cover? What does it do? I'll answer that question today. Click here to discover how other sellers su...

Hollister CA – Be careful from who you take short sale advice. Unfortunately, not everyone knows and understands short sales. Here's an example of the myths propagated by people who think they know and understand short sales. Click here to discover how other sellers successfully executed a short ...

Hollister CA – Most of the short sale sellers we help are selling their homes because of financial problems. They can't afford the payments and thus sell their home to avoid foreclosure. Click here to discover how other sellers successfully executed a short sale and avoided foreclosure. Because o...

Hollister CA – A recent article in the Tampa Bay Times shows how much lenders prefer short sales to a foreclosure. It discussed how Bank of America recently came out with new short sale incentives. Bank of America is willing to pay borrowers up to $30,000 for moving expenses to short sale their h...

Hollister CA – Many people are concerned about a potential lawsuit after a short sale. Many people ask us, "My lender just lost $150,000. Aren't the suits going to be angry that they're losing that much money? Won't they sue me?" Click here to discover how other sellers successfully executed a sh...

Hollister CA – Many people are concerned about a deficiency after a short sale. They are afraid their bank may garnish all their wages. It's scary to think that at any moment your bank could grab every dime you make and leave you broke. Most people short sell their homes because of financial prob...

Hollister CA – Thinking of buying a Hollister Short Sale? The short sale process is difficult to navigate. The first thing you should do is make sure the agent who has the house for sale knows what he's doing. Click here to discover how other sellers successfully executed a short sale and avoided...

Hollister CA – I recently heard another so-called short sale expert say that the Federal Mortgage Forgiveness Debt Relief Act made it so everyone gets to short sale with no deficiency. The unfortunate news is that this is not true. In some states, state law forbids lenders from attempting to coll...

Hollister CA – We had a negotiator at Bank of America try to push us around a little while ago. We’ve studied and analyzed all the short sale guidelines and rules. This was an FHA loan and therefore would be governed by FHA’s Short Sale Guidelines. This means the lender must follow FHA’s Specific...