Posted in Bankruptcy on May 27th, 2010
San Diego County has seen a decrease in the foreclosure rate, but that may not be such a good thing to be seeing for a variety of reasons. First, the mortgage lenders now have added the staff to complete the foreclosure process to sale. Meaning that more homes are being sold at auction. Secondly, this [...]
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Posted in Bankruptcy on May 18th, 2010
Last year analysts started calling the economic tsunami a “mancession,” as in a recession that has a bigger impact on men than women because jobs in traditionally male-focused industries such as construction and manufacturing were among the hardest hit. But as this article points out, the recession has hit men and women alike, coming down [...]
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Posted in Bankruptcy on Mar 5th, 2010
The State of California has decided to add insult to injury to those who have lost their home through foreclosure or have sold it at a short sale. The tax break preventing the issuance of a 1099 cancellation of debt is no longer available starting tax year 2009. Previously, for tax year 2007 and 2008, [...]
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