wellington short sale sellers: Mortgage Forgiveness Debt Relief Act has been Extended! Wellington FL
- 01/05/13 10:07 AM
Mortgage Forgiveness Debt Relief Act has been Extended!
The Mortgage Forgiveness Debt Relief Act has been extended another year until January 1st, 2014! For those unfamiliar with the Mortgage Forgiveness Debt Relief Act it is a provision that prevents homeowners from having to pay income taxes on the portion of their mortgage that is forgiven in a short sale, principal reduction or foreclosure. This is great news for Wellington homeowners who need to do a short sale.
If you are considering short selling your Wellington home contact us today! To learn more about Wellington short sales visit: Wellington Short Sale Q & A
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wellington short sale sellers: Wellington Short Sale Sellers: Avoid a Hurdle and Pay Your HOA!
- 07/28/11 04:16 PM
Wellington Short Sale Sellers: Avoid a Hurdle and Pay Your HOA! Every Wellington short sale will have several hurdles that need to be jumped in order to reach the finish line and one of the biggest hurdles I have encountered over the past year in Wellington Florida are HOA liens (Homeowners Association). Last year I had a short sale buyer purchasing a Wellington FL short sale that had three lienholders; first mortgage, second mortgage and the HOA. It took several months for the short sale seller to come to terms with the first and second lender, but it took almost just … (7 comments)
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Mortgage Forgiveness Debt Relief Act has been Extended!
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