If you short sale your property before end of 2009, your will not owe any income tax on the amount that is short for primary residence.
Suze Orman explaining the new tax rules for short sale. Please click on the photo below to view it.
Home Real Estate - Aurora, CO
CRS - Home Real Estate - 720-989-5283
I also want to thank you for taking the time to inform us. This is helpful. I spent most of my life in Diamond Bar, CA as a side note. We lived on Round Rock drive and our property backed up to Diamond Bar Blvd. I remember when there was just a dirt field and the Alpha Beta grocery store.
Jan 01, 2009 03:21 PM
Keller Williams - Ann Arbor, MI
Arbor area Real Estate
Windermere Peninsula Properties - Allyn, WA
Managing Broker Windermere Peninsula Properties
Great advise. I have a friend who did a short sale and will need to see this video.-Dinah Lee
Jan 01, 2009 03:26 PM
Keller Williams - Southlake, TX
Sandy McCarty your Relocation agent for Iowa
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