More often than not, credit counselors on the phone with distressed homeowners were probably mortgage brokers who dealt in subprime loans. The AP’s John Mone visited one such call center in southern California’s foreclosure country. (March 5)
This video is from the show Open House on CNN. This video briefly explains what some tax & credit consequences homeowners may face after a short sale or a foreclosure. Consult with a CPA or your attorney for specifics. More information at: sccrealestateuncensored.com/2007/shortsale-foreclosure-pt4/ micasamidinero.com/2007/shortsale-foreclosure-pt4/