Should I have to pay taxes when I do a short sale? |
When you sell a principal residence as a short sale, the entire gain may be federal-income-tax-free thanks to a convenient IRS gain exclusion . . . see this short video for more information Call Fernando Herboso @ 240-426-5754 if you even considering a short sale on your upside down mortgage. . preparation by an expert could be the difference bettwen success and failure Fernando Herboso Short Sales Broker for MD, DC and VA Fernando Herboso has listed over 160 short sales, trained dozens of agents "how to do short sales "and has authored the following books about short sales Author of the eBOOK "Is A Short Sale An Option For Me? Author of the eBOOK "AdiosLender.com" Author of the eBOOK " 10 Secrets To Loan Modifications" Author of the eBOOK " Avoid Foreclosure Hell" Author of the Ebook " 31 Reasons To DO A SHORT SALE" Maryland Principal Broker : Fernando Herboso direct # 240-426-5754 My Best Short Sales Testimonial Ever
Herboso & Associates LLC | 301-246-0001 Maryland | DC | Virginia |
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586
Hello Fernando,
Really. I did'nt know that. Thanks for sharing the info. Now I'm a little better informed when clients ask stuff I knew nothing about.
BTW. Why do you have only 64 "LIKES"? Ask for a like on your posts.
You will be happy you did.
Best, Clint mcKie
Jul 20, 2012 03:52 AM
Fairway Independent Mortgage Corp Louisiana NMLS#2289 Equal Housing Lender - Leesville, LA
Military Mtg Specialist - 866-960-9115 VA FHA USDA
Fernando - you truly ARE the expert, aren't you?!? Great information for clients. You are the BEST!
Jul 20, 2012 05:18 AM
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
As it should be, if you can't afford to stay in your home how can they theink you can pay the taxes.
Jul 20, 2012 11:59 AM
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
Comments(4)