Real Estate News
Many home owners breathed a sigh of relief this past year when they closed their short sale successfully, completed a Deed in Lieu or even just plain walked away from the mortgage that felt like a lead balloon around their necks; however that relief can turn...
Real Estate News
Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness. 1. Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude up to $2 million of debt forgiven on...
Real Estate News
The Mortgage Forgiveness  Debt Relief Act Has Been Extended Through January 2014! Great news for sellers who need to short sale a home and for everyone in general  as this should help keep our housing market moving forward in the coming year. Normally forgiven debts...
