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This Month's Topic: Seniors & Their Housing
Very often, parents are tempted to add their children's names to title to real or personal property. There may be different reasons why the parent is contemplating adding a child to the title. It may be to attempt to avoid probate or to allow that child to distribute the asset in accordance with verbal instructions upon the death of the parent. It may also be with intent to permit the child to pay bills if the parent is not available.
This can be dangerous! HERE'S WHY |
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1037 B Street, downtown Hayward 
- 2100 sq ft still available next to newly opened Vintage Alley Boutique & Salon
- Asking $1.10 sq ft/month
- Located between Cinemark Theatre/BART
- CLICK HERE for Farmers Market info!
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Short Sales and Taxation
After a foreclosure or a short sale, the former homeowner is not taxed on the forgiven debt under federal and state laws that will expire at the end of 2012. For those of us weighing whether or not to pursue a short sale, now is the time to think about it before the legislation changes. CLICK HERE for more details.
Roughly half of our business in the last last year has been Short Sales. CLICK HERE to see a few of our listings that are currently in contract, half of which are short sales... |
