Nationstar Auction Process - Short Sale Superstars2024-03-28T14:37:04Zhttp://shortsalesuperstars.com/forum/topics/nationstar-auction-process?commentId=3468065%3AComment%3A360746&x=1&feed=yes&xn_auth=noNo tax consequence in Calif e…tag:shortsalesuperstars.com,2014-12-11:3468065:Comment:3607462014-12-11T20:57:59.517ZTony Moraleshttp://shortsalesuperstars.com/profile/TonyMorales791
<p>No tax consequence in Calif either. But it could be stated that they are lowering values of other properties. This would be a recorded sale and could effect a comparable property trying to sell or refinance</p>
<p>No tax consequence in Calif either. But it could be stated that they are lowering values of other properties. This would be a recorded sale and could effect a comparable property trying to sell or refinance</p> Ok, but let's say that the Mo…tag:shortsalesuperstars.com,2014-12-11:3468065:Comment:3606492014-12-11T20:27:04.191ZSmittyhttp://shortsalesuperstars.com/profile/Smitty
<p>Ok, but let's say that the Mortgage Debt Forgiveness act DOESN'T get passed, even if the deficiency is waived, I'm assuming in CA they have tax consequences too? Maybe not, but even then I would say it's still creating a larger gap than necessary which is never good.</p>
<p>Ok, but let's say that the Mortgage Debt Forgiveness act DOESN'T get passed, even if the deficiency is waived, I'm assuming in CA they have tax consequences too? Maybe not, but even then I would say it's still creating a larger gap than necessary which is never good.</p> I could present that scenario…tag:shortsalesuperstars.com,2014-12-11:3468065:Comment:3607422014-12-11T20:23:43.326ZTony Moraleshttp://shortsalesuperstars.com/profile/TonyMorales791
<p>I could present that scenario but here in Calif, after a short sale, there is no deficiency. But unless they unwind this auction transaction I will be contacting the California Attorney General to at least investigate this "business practice"</p>
<p>I could present that scenario but here in Calif, after a short sale, there is no deficiency. But unless they unwind this auction transaction I will be contacting the California Attorney General to at least investigate this "business practice"</p> You should totally get the CF…tag:shortsalesuperstars.com,2014-12-11:3468065:Comment:3604492014-12-11T20:18:23.001ZSmittyhttp://shortsalesuperstars.com/profile/Smitty
<p>You should totally get the CFPB involved as your buyer's offer minimized the deficiency whereas Homesearch now has created a larger deficiency for the borrower. If we all did this and the CFPB was overrun with cases like this they would act and step in and say NO to this insane auction process both Nationstar and Ocwen are doing.</p>
<p>You should totally get the CFPB involved as your buyer's offer minimized the deficiency whereas Homesearch now has created a larger deficiency for the borrower. If we all did this and the CFPB was overrun with cases like this they would act and step in and say NO to this insane auction process both Nationstar and Ocwen are doing.</p>