Mortgage Debt Relief Act Expires January 2014

John Stallings Negotiations , Real Estate , Seller Services , Transaction Process , Trends Leave a Comment

 

Mortgage Debt Relief ActThe Mortgage Forgiveness Debt Relief Act Has Been Extended Until January 2014!

This has been much anticipated and will help many sellers avoid taxes on the forgiven debt related to a Short Sale. The Mortgage Debt Relief Act has been extended through January 2014. In the past, the borrower was subject to being taxed like regular income on the debt that was forgiven through the short sale process

This is great news for folks needing to do a Short Sale, so please let us know if your or anyone you know may needs our assistance. Our team has loads of experience with short sales, and we encourage you to be proactive if you are having difficulties paying your mortgage.

Warning: You must act NOW if you want to take advantage of this offer, as it usually takes about 6 months to close a short sale transaction?

Who do you know that would benefit from using our real estate services? WE LOVE REFERRALS!

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John Stallings