Short sale news
The United States Senate and House have passed the 2013 American Tax Payer Relief Act. In section 202, the bill calls for the Mortgage Debt Relief Act to be extended until 1/1/2014. This bill now goes to the President for signature before becoming enacted. This is fantastic news for any homeowner who is underwater and needs to sell a property, but was worried about the tax implications of a cancelled debt. Information can be found on http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation. Always consult with an attorney or CPA for tax advice.
HELP for HOMEOWNERS IN DANGER OF FORECLOSURE
Jessica Brown of
RE/MAX ELITE has earned the prestigious Certified Distressed Property Expert
(CDPE) designation, having completed extensive training in foreclosure
avoidance and short sales. This is invaluable expertise to offer at a time when
the area is ravaged by “distressed” homes in the foreclosure process. Read More...