Two times in two days! Yesterday, I was doing a presentation at my Sunnyvale Chamber of Commerce STAR (networking) Group, and one of the questions that came up was "What is a short sale?" Today I had an exercise class, and one of the members asked, mid-workout, if it was possible for her stepson to do a short sale on his San Jose condo, and what the tax consequences were for that versus "walking away." It really pays to attend seminars, office meetings, and online webinars...and to write this daily blog. As long as I've been in the industry, (and it will be 36 years this summer) there have always been new laws, requirements, loan changes, and market situations to deal with...and a good Realtor, like a Boy Scout, is always prepared.
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