Tax Considerations of a HAFA Short Sale - 03/25/11 01:23 PM
What are the tax considerations of a HAFA short sale?
The difference between the remaining amount of principal owed and the amount that the servicer receives from the sale must be reported to the Internal Revenue Service (IRS) on Form 1099C, as debt forgiveness. In some cases, debt forgiveness could be taxed as income. The $3,000 Borrower Relocation Assistance may also be reported as income.  A short sale may have income tax consequences and/or may have a derogatory impact on your credit score. Homeowners should contact the IRS or their tax preparer to determine if they may have any tax liability.
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Get Short Sales to the closing table - 03/21/11 02:12 PM
RE/MAX Times: Learn how to get Short Sales to the closing table smoothly with Michelle Burgos' insights
Short Sales aren’t easy, but they can be rewarding and profitable when done right, says Michelle Burgos. Burgos is a Short Sale specialist in South Florida – a housing market awash with distressed properties. From her marketing to lender packages, everything about Burgos’ approach to Short Sales is straightforward and aimed toward a singular goal.  “It’s always rewarding to receive a Short Sale approval, but it’s absolutely priceless when you help a family get a second chance,” says Burgos (CDPE), a Sales Associate with RE/MAX … (1 comments)

Att Homeowner...Don't Walk Away From Your Mortgage - 03/13/11 11:15 AM
"Strategically defaulting" or walking away on your mortgage is not the answer. You will find that there is nothing strategic about foreclosure, especially when there are solutions to avoid it.
You should know that you have options, and that you are not alone. More than 25% of American homeowners now owe more than what their homes are worth, and millions more are having a hard time paying their mortgages.
I've developed a free, detailed report on foreclosure alternatives you can download.  Download it today and give yourself a green light for a solid financial future.
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Michelle Burgos, CDPE~Short Sale Expert Pembroke Pines,Miramar,Davie,Hollywood

Pembroke Pines, FL

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RE/MAX PowerPro Realty

Address: 4301 S. Flamingo RD, #101, Davie, FL, 33330

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