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Real Estate Broker in San Diego does not think the housing market is quite out of the woods yet.
Distressed Homeowners may be further burdened by the mortgage debt relief ACT of 2007 which is set to expire in Dec 2012. This means homeowners may be subject to hefty tax burdens if they do not complete their short sale before this deadline. Homeowners are strongly advised to contact their CPA's for advice on this important issue.
It is high time that the banks are held accountable for treating homeowners badly and botching up short sales. There is more than enough blame to go around for our current real estate mess but it is time to address these issues.
When signing a new lease on a residential property is San Diego you should be aware of the potential pitfalls.

