Sheila Rasak's (sheilarasak) Blog

No doubt about it, folks, these are trying times. My toughest hardship (medical and loss of income) case was supposed to have closed today, but what with the 2nd lien holder and their process and the 1st position stating that their offer of $3000 to release the 2nd won't be put in writing, I roll...

It's amazing how the tables have turned. I remember the day, not so long ago, when if you could fog a mirror, you could get a home loan. Today getting a good rate on a home loan is like plugging the BP spill, nearly impossible unless you have impeccable credit. You'd be surprised at how many peop...

  If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable.The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as ...

Negotiating real estate can be difficult, especially in today's market. I've spent countless hours negotiating short sales on behalf of my Sellers with outstanding results. After taking a number of courses to become short sale certified, I held my first seminar in Camarillo and was surprised at h...