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.

Mortgage Forgiveness Debt Relief Act has been Extended! Wellington Short Sale SellersIf you are considering short selling your Wellington home contact us today! To learn more about Wellington short sales visit: Wellington Short Sale Q & A

Take a sneak peek at our comprehensive marketing plan that is sure to get your Wellington home SOLD! Wellington Short Sale Marketing Plan

For more information about the Mortgage Forgiveness Debt Relief Act visit:
http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation


Originally posted at http://wellingtonhometeam.com/mortgage-forgiveness-debt-relief-act-extended-for-one-year/


Michelle Gibson REALTOR®
HANSEN REAL ESTATE GROUP INC.
561.333.0446


©2009-2013 All Rights Reserved
 

7 Comments on Mortgage Forgiveness Debt Relief Act has been Extended! Wellington FL

JAN
05
1,347,716 Points 38 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Michelle

Extending the Mortgage Forgiveness Debt Relief act until 2014 is a step in the right direction for the housing market.

Good Luck and success.

Lou Ludwig
6:15pm • #1
165,498 Points

Michelle - this is something that shouldn't have to be done. It doesn't make sense that you would have to pay taxes on a big loss. Our tax policies need to be rewritten immediately.
6:55pm • #2
771,015 Points 70 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

This is great news for Wellington short sellers as well as everyone considering a short sale.  It is a huge relief for the housing market as a whole.
7:21pm • #3
JAN
06
1,416,341 Points 28 Featured Posts Hit Router Called Shot Master

Great news for those contemplating a short sale on their primary residence (or their primary residence within the past two years),
4:44am • #4
612,274 Points 60 Featured Posts Outside Blog Called Shot Master

Hi Michelle - you're right this is excellent news for distressed homeowners. 
9:25am • #5
259,986 Points 16 Featured Posts Outside Blog Called Shot Master

Glad to see this was extended. Anyone thinking about doing a short sale in Wellington Florida should call Michelle Gibson, Wellington Florida Realtor.
12:04pm • #6
JAN
19
1,007,577 Points 50 Featured Posts Outside Blog Called Shot Master

I obviously agree with all of your comments, this was great news.
4:18pm • #7


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Michelle Gibson REALTOR® Wellington Florida Homes for Sale (Hansen Real Estate Group Inc. ) Rainmaker_large

Michelle Gibson REALTOR® Wellington Florida Homes for Sale

Wellington, FL

More about me…

Hansen Real Estate Group Inc.

Address: www.WellingtonHomeTeam.com

Office Phone: (561) 333-0446

Cell Phone: (561) 333-0446

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