foreclosure: What Happens When you Walk Away from your Mortgage? - 02/17/12 04:33 AM
What Happens When you Walk Away from your Mortgage Article
This article has a lot of helpful tips and suggestions such as saving money for your next move.  However, it fails to address the many ramifications between a Short Sale and a Foreclosure. 
A Short Sale is a much preferred alternative to Foreclosure in a large majority of cases, and should be explored with a Realtor who is a Certified Distressed Property Expert (C.D.P.E) or one who is trained in working with distressed property situations and can point out ALL the viable alternatives to the Homeowner.
 
 
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foreclosure: Why NOW is the Time to do a Short Sale! - 01/11/12 05:38 AM
Recent news just surfaced that now you may owe federal income taxes in 2013 if you have a Short Sale or Foreclosure.   Clients need to realize that now may be the time to walk away from their underwater home!   Uncle Sam is giving homeowners until December 31st, 2012 to go through a Short Sale with no tax consequences.   However, things are going to change starting January 1st, 2013. The new rule is: The amount a lender forgives, either in a Short Sale or Foreclosure, on a primary residence will be taxable on federal income taxes.   So if … (0 comments)

 
David Santangelo, Search Palm Beach County Florida Homes for Sale (www.aceluxuryhomes.com - Keller Williams Realty)

David Santangelo

Search Palm Beach County Florida Homes for Sale

Boynton Beach, FL

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www.aceluxuryhomes.com - Keller Williams Realty

Address: 8188 Jog Rd., Suite 101, Boynton Beach, FL, 33472

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