Manage Post

Damian Blog Description

short sale

Aug 04

2010

Short Sale Tax Lowered For Sellers

Posted by Damian Turco in short sale

New Florida legislation defines the term "short sale" and lowers the amount of state taxes owed when real property is sold through a short sale. When the sale price of real property is less than the outstanding debt, the state will not collect taxes on the canceled debt. Further, the state will not collect taxes on the difference between the sale price and what is owed on the property.This is

Comment (0) | Read More...

Jan 31

2010

Short Sale Update 1/31/10

Posted by Damian Turco in short sale, mortgage default, foreclosure

One month into 2010 and short sales continue to dominate the real estate market. What's happened since this time last year? A lot. Lender and investor policies have evolved considerably since first being overwhelmed by the volume of mortgage defaults and were generally understaffed and undertrained to handle the situation. Largely, lenders have slowly churned through files as they evolved

Comment (0) | Read More...

The information provided in our blog is for informational and entertainment purposes only and should not be construed as legal advice on any subject matter. This blog is not intended as legal advice for your particular case. The content of this blog is written primarily by a non-lawyer and should not be interpreted as legal advice in any way whatsoever. Every case is different and we strongly recommend a thorough review of the facts by a licensed attorney. Your case is no different. To schedule a consultation with an attorney, contact our office at (561)472-0919.

Turco Legal
A Private Law Firm
2401 PGA Boulevard, Suite 200
Palm Beach Gardens, FL 33410
(561) 472 - 0919

Contact Us | Map and Directions

Turco Legal handles all components of divorce matters including, the dissolution of marriage, alimony, custody, child support, enforcement of alimony and support, child relocation, paternity, same-sex couples, prenuptial agreements, postnuptial agreements, antenuptial agreements, cohabitation agreements, restraining orders, domestic violence, domestic abuse. The firm also handles all components of adoption matters, including surrogacy, surrogate mother representation, placement, and foster care placement. The firm also handles all components of estate planning, including wills, last wills and testaments, trusts, revocable trusts, irrevocable trusts, intervivos trusts, pour over wills, pet trusts, honorary trusts, durable power of attorney, health care advanced directives, health care surrogates, health care proxies, health care proxy, do not prolong life order, probate, intestate distribution, will contests, capacity challenges, guardianships, and homestead property.