Toni Patillo – Santa Monica and Palisades Real Estate Agent

Tag Archives: IRS

Probate, Here’s Why You Might Want To Avoid The P Word

Simply put, probate rarely benefits the beneficiaries. Ok it’s not that simple, but it is accurate. Why? Probate costs people time and money. I see it all the time. So much so in fact, that part of my business is helping executors to sell property that’s in probate. It’s that big of a hassle. Once property and other assets are locked up in the system it’s hard to say how long it will take to go through the process. Let’s take a deeper look at probate to understand where the challenges lie.

What is Probate?

Probate is an automatic legal...

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Avoid Potential Tax Consequences Of Santa Monica Short Sale Through Government Program

For homeowners who are avoiding Santa Monica Short Sales due to the potential tax consequences there is good news in the way of a federally sponsored incentive program. The Mortgage Debt Relief Forgiveness Act has been in place for a few years and has already helped hundreds of homeowners avoid a hefty tax bill while also avoiding foreclosure. At Toni Patillo and Associates we have experience working with great program and discuss the details with homeowners that may benefit.

When a homeowner complets a Santa Monica...

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Venice Short Sale Agent Has Great News For Those Concerned About Tax Consequneces Of Short Sale

For homeowners that may be avoiding a short sale due to the potential tax consequences your Venice Short Sale Agent has good news. Thanks to the Mortgage Debt Relief Forgiveness Act you may be able to avoid foreclosure and that hefty tax bill tbats been worrying you. At Toni Patillo and Associates we have years of experience with this program and can help you determine if you qualifed.

Passed by Congress when President G.W....

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Venice Short Sales Possible For Homeowners Fearing Tax Consequences Thanks To Federal Program

For homeowners who are avoiding Venice Short Sales due to the potential tax consequences there are programs available to help. Thanks to the Mortgage Debt Relief Forgiveness Act homeowners who qualify can complete their Venice Short Sale while also avoiding a severe tax bill come April. At Toni Patillo and Associates we have been helping homeowners avoid foreclosure for years and can discuss with you the benefits of this program.

Enacted by President Bush...

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Avoid Tax Consequences Thanks To Santa Monica Short Sale Agent And Federal Program

For homeowners that are concerned about tax consequences of selling their distressed property your Santa Monica Short Sale Agent has great news for you. Thanks to the Mortgage Debt Relief Forgiveness Act homeowners can complete a short sale while not having to worry about a hefty tax bill come next April. At Toni Patillo and Associates we have been helping homeowners in this situation for years and can help you learn if...

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Tax Consequnces Discussed With Santa Monica Short Sale Agent

If you are concerned about the tax consequences of a short sale make sure to contact a trusted Santa Monica Short Sale Agent. For homeowners that find themselves in a situation to short sale paying a large tax bill after selling a home may not be an option. Some of the top Santa Monica Short Sale Agent have an in-house CPA who specializes in real estate to help you determine your potential tax impact.

Given the decline in home prices since the top of the market homeowners who short sale are seeing thousands of dollars forgiven...

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