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  • Cathi & Ben Walter
  • Sales & Marketing Specialist, Realtor
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • F:
  • E: Cathi@DesertAreaHomeFinder.com
  • DRE# 01346930
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A Message From Cathi & Ben...

We hear similar stories repeated in different ways from our clients; At first, they look forward to stolen weekend's to golf & relax in the desert - they gradually discover they're crafting ways to spend more time here until it becomes clear, life just doesn't get any better than this."

Once that realization hit's, the process of change begins... We know what an extraordinary commodity your home is - buying or selling a home can be one of the most important decisions you will make and having the right team on your side will make the difference.

We specialize in homes throughout the Palm Springs Valley including Palm Desert Real Estate & Homes, Indian Wells Real Estate & Homes, La Quinta Real Estate & Homes, Rancho Mirage Real Estate & Homes, Palm Springs Real Estate & Homes& Indio Hills Real Estate & Homes. Whether you want to buy or sell an estate, lock & leave property with income potential, a resort property, land to build your dream home, or a property located in a country club or golf community we know the desert and are here to help. Our motto, If its important to you, it's important to us, guides us as we help our clients buy or sell a home in the desert.

Thank you for visiting DesertAreaHomeFinder.com, we hope you find our site helpful and we look forward to speaking with you it's easy, just click on the picture of a cell phone in the upper right corner of this web site and it will ring our cell phone directly.

Personal Messages

The Mortgage Debt Forgiveness Tax Act

In a short sale, a homeowner sells their home for less than they owe, and the mortgage holders agree to forgive some or all of the debt secured by the property. Until 2007, a homeowner who liquidated her home through a short sale was charged income tax on the forgiven debt. Talk about kicking you while you’re down — you’re so broke you can’t stay in your home; you are so upside down that you have to sell it at a loss; and then you’d have to pay taxes on the loss, too?! I’ve actually seen sellers choose to allow their home to be foreclosed on rather than incur the tax obligations that used to be incurred as a result of a short sale.

This law temporarily eliminates the income tax obligation on short sale-related mortgage debt that was forgiven by a mortgage lender, making it less burdensome for a seller to get rid of their home through a short sale. For a homeowner who owes more than their home is worth and needs to try to sell it short, this law makes it worth your while to try to avoid foreclosure through a short sale, without fearing any tax penalty. Note — this act is also temporary, providing an exemption from the income tax on mortgage debt that is forgiven only through the end of 2009.

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Get In Touch

  • Cathi & Ben Walter
  • REALTOR ®
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • E: Cathi@DesertAreaHomeFinder.com
  • CalBRE# 01346930

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