How to Avoid a Short Sale in CA When you have Low Equity

Описание: TL;DR – Summary
Are you "upside down" or facing a low-equity sale in California? In this deep-dive, Phil Mills and Attorney-Broker John McConnin break down the Triad Analysis—a three-pronged strategy to manage your exposure to the Bank, the IRS/FTB, and credit damage. We show you how to leverage the California foreclosure timeline to stay in your home longer, save money, and exit on your own terms.

The Triad Analysis: Our Three-Lens Approach
We don't just "list" homes; we analyze your situation through three critical lenses to ensure you aren't walking into a financial ambush:

Exposure to the Bank: Analyzing recourse vs. non-recourse debt and stopping deficiency judgments.

Exposure to the IRS & Franchise Tax Board: Navigating the "phantom tax" of debt forgiveness and minimizing your capital gains liability.

Credit Preservation: Strategic moves to minimize or improve the long-term damage to your credit profile.

What You’ll Learn in This Video
The California Timeline: How to use the law to stay in your house as long as possible while you save up for your next chapter.

Leveraging the Law: Why standard real estate agents miss the legal nuances that can cost you thousands in statutory penalties or tax bills.

The Attorney Advantage: Why your "listing agent" needs to be a legal advocate who understands CCP 580d and 580e


People Also Ask (FAQ)
Q: How long can I stay in my house after I stop paying? A: With the current California timeline and strategic use of listing periods, homeowners can often remain in the property for 10 months or more while planning their transition.

Q: Will the IRS tax me on the money the bank "forgave"? A: It depends on the nature of the loans and the loan workout you choose. We look for ways to characterize that debt to avoid it being treated as ordinary income.

Contact & Author Schema
Host: John McConnin | [email protected] Location: San Diego, CA Credentials: Broker = Attorney | DRE # 01445675 | St Bar # 154852 Website: www. upsidedownrealestate.com