Mr. Gourde also has extensive experience in negotiating, preparing, reviewing and enforcing leases on behalf of landlords, tenants and lenders. He regularly assists clients in creating and implementing a wide variety of leases.

If you have any questions about real estate law orange county ca, including sales and leases, please contact Mr. Gourde at (949) 825-6525.

The post Real Estate Law In Orange County appeared first on Irvine Business Attorney Thomas L. Gourde, ESQ..

His experience encompasses a wide range of California real estate law issues at the local, state and federal levels in judicial and administrative trials and appellate tribunals and in other dispute resolution proceedings. The following are areas with which Mr. Gourde has California real estate law experience:

• Contract disputes involving the sale or leasing of real property
• Easement and right-of-way disputes
• Eminent domain and condemnation actions
• Property tax and tax exemption disputes
• Commercial landlord/tenant disputes
• Title insurance claims defense
• Quiet title and ejectment actions
• Land use and zoning disputes
• Dispute resolution with land contractors and consultants
• Lis pendens issues
• Mechanics liens disputes
• Resolution of disputes with homeowner’s associations
• Warranty and other homeowner disputes
• Defense of premises liability and toxic exposure claims
• Defense of claims related to alleged toxic mold exposure
• Advice and counseling of clients on risk management and insurance issue

If you have any questions about California Real Estate Law and any disputes, please contact Mr. Gourde at (949) 825-6525.

The post California Real Estate Law appeared first on Irvine Business Attorney Thomas L. Gourde, ESQ..

In many distressed property situations, it is preferable for a lender to agree to a short sale than to foreclose.  However, initiating a short sale will not automatically stop the lender from starting the foreclosure process.  Also, the short sale negotiation process is a lengthy one. It may take several weeks to months before a lender and the homeowner can agree on acceptable terms. Many lenders have layers of bureaucracy, insurers and investors that you must maneuver through to get your short sale approved.

On December 20th, 2007, President Bush passed The Mortgage Forgiveness Debt Relief Act of 2007 which allows California Homeowners to avoid paying taxes on the loss the lender takes. Before this act took effect, if the value of your house declined, and your bank or lender forgave a portion of your mortgage, the tax code treated the amount forgiven as income that can be taxed. According to the Mortgage Forgiveness Debt Relief Act of 2007, if you sell your home as a short sale, the loss the lender takes will not be considered taxable income by the IRS.

Nevertheless, the IRS may become involved with a short sale because they are seen as a relief of debt and may be treated as income. Please check with your accountant and let them know about The Mortgage Forgiveness Debt Relief Act of 2007.

Otherwise, if you have any questions about short sales or foreclosures, please contact Mr. Gourde at (949) 825-6525.

The post California Short Sale Deficiency Law appeared first on Irvine Business Attorney Thomas L. Gourde, ESQ..