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California Short Sales

C.A.R. launches Finance Helpline

C.A.R. recently launched the C.A.R. Finance Helpline, a new member benefit to help California REALTORS® who encounter difficulties with finalizing short sales, REOs, Deeds in Lieu, funding, and other hurdles in closing a deal for clients. REALTORS® can contact C.A.R’s Finance Helpline to receive one-on-one assistance and help with resolving financing issues within a transaction.  

The members-only helpline will assist REALTORS® in navigating the various nuances or procedural differences of short sales, or provide assistance and education on finalizing transactions.  C.A.R. members can visit http://finance.car.org to complete pertinent information and will then receive a call back from a lender liaison.  Members can also call the Finance Helpline at (213) 739-8383 or email financehelpline@car.org.


Keep Your Home

img_keepyourhomeStruggling homeowners may qualify for federal funding.

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Videos and Webinars

img_videoC.A.R.'s "Video Library" has great information on short sales and more.

Mortgage Debt Forgiveness extended

Congress reached a settlement in the “fiscal cliff” negotiations. As a result, the Mortgage Forgiveness Debt Relief Act has been extended for another year. The measure will continue to exempt from taxation mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale, loan modification (including any principal reduction) or foreclosure.

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