Short Sale Tax implications update! In this update on short sale tax implications we will address taxes on both on the federal and state level. FEDERAL TAXES: On the Federal level, The Mortgage Forgiveness Debt Relief Act was renewed which will, for one more year, exempt the taxation of mortgage debt that is forgiven when homeowners […]
The extension means homeowners now will be excused from paying taxes on forgiven mortgage debt through 2013. The debt relief was set to expire Dec. 31. This is a huge relief for homeowners who currently or intend to sell their home as a short sale or perform mortgage modifications. Without this extension these sellers may have
Do you have a Bank of America mortgage that is upside down? We are here to help. There is a quick and easy solution. When you list your home with me for a B of A Short Sale I can submit your file to receive an Eligibility Review Decision within 5 Business days! This Short
