Alexandria VA Homeowners Exempt From Foreclosure and Short Sale Taxes

Alexandria VA Homeowners Exempt From Foreclosure and Short Sale Taxes

Alexandria VA Short Sale Help - On January 1, 2013, Congress passed an extension of the Mortgage Forgiveness Debt Relief Act. This extension of this act, which has saved homeowners more than $1 billion dollars in taxes, is great news for struggling homeowners nationwide.   The Mortgage Forgiveness Debt Relief Act was originally passed in 2007 to aid the millions of homeowners who suddenly found themselves in danger of losing their homes to foreclosure following the housing market crash.   Under the Mortgage Forgiveness Debt Relief Act, any debt forgiven in a short sale, foreclosure, or loan modification, is exempt from federal taxes on primary residences. For Alexandria VA homeowners facing foreclosure, this exemption saves them from paying thousands, or even tens of thousands, in taxes on top of losing their homes.

Now, for another year, Alexandria VA homeowners can take advantage of this exemption and avoid foreclosure withouth the fear of an impossible tax liability.  As an experienced short sale listing agent and CDPE, I am specially trained and have a track record of helping underwater homeowners stop foreclosure.

If you are facing a financial hardship, or would like information, please give me a call today at 703-623-8759, or visit my website for information and to see if you qualify for a short sale.

Now for another year, homeowners can take advantage of this exemption and avoid foreclosure without the fear of an impossible tax liability.   As a Certified Distressed Property Expert (CDPE) agent, I am specially trained to help homeowners escape the threat of foreclosure. If you or someone you know is facing foreclosure, call me today at 703-623-8759 for a private consultation. I can help find a solution.   Click here for the full article on the IRS website

See Also -  Just Listed Alexandria VA Short Sale In Stonegate

Connect with me on Google+

-------------------------------------------------------------------------------------------------------------------------------------------------

________________________________________________________________________________________________________

Buying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Looking for short sales in Alexandria Virginia? Contact Tamara Inzunza, Associate Broker of RE/MAX Executives to list and sell your home, or purchase a new home. I specialize in real estate homes for sale in the beautiful Alexandria VA communities of Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes including condos, townhomes, and single-family homes for sale.

Call me at 703-623-8759

Be sure to visit my website where you can Search MLS Listings of ALL Homes For Sale in Alexandria VA at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home.