San Jose Real Estate * REALTOR ® * Richard Gonzalez » debt http://Siliconvalleybrokerblog.com Living in the Silicon Valley - News, Views, and Statistics Wed, 21 Sep 2011 01:35:37 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 California Debt Forgiveness Bill to be Law Immediately http://Siliconvalleybrokerblog.com/2010/04/09/california-debt-forgiveness-bill-to-be-law-immediately/ http://Siliconvalleybrokerblog.com/2010/04/09/california-debt-forgiveness-bill-to-be-law-immediately/#comments Fri, 09 Apr 2010 21:13:55 +0000 Richard Gonzalez http://rgonzalez.blogs.rwnetwork.com/?p=880

California took a bold step today in helping those homeowners in default by allowing taxes owed to the state to be forgiven through 2012.

As mentioned in my blog a few days ago and now the Governor says he will sign the bill as reported by the Sacramento Bee.

“Primarily, the bill affects people who had debt forgiven as they lost homes in foreclosures, short sales and deeds in lieu of foreclosure last year – and through 2012 now. Also affected: those who got loan modifications that cut the amount they owe the bank.”

Read more: http://www.sacbee.com/2010/04/09/2666095/california-wont-tax-forgiven-home.html#ixzz0kdhKy8yh

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