2016

Still Struggling With Your Underwater California Mortgage? Could Relief Be Headed Your Way?

If you purchased your California home during the most recent real estate boom, you may be struggling with a mortgage that is significantly higher than your home's value -- often deemed an "underwater mortgage." Although a number of federal and state mortgage relief programs can help make your home more affordable by modifying your interest rate or mortgage term (or even forgiving a portion of principal), there can be some very steep tax consequences associated with the decision to pursue loan modification.