short sales: Mortgage Forgiveness Act of 2007 is Extended through 2013 - 01/02/13 11:05 PM
Good news for homeowners who are underwater with their homes.
Washington has voted to extend the Mortgage Forgiveness Act of 2007 through 2013. This will extend mortgage cancellation relief for homeowners who cannot sell their homes for what they owe the bank. As long as the lender offers the debt forgiveness as in a short sale or foreclosure if selling or if an owner modifies their loan, the debt forgiven will not be taxable. This takes a big burden off of home owners who are already in financial difficulties.
It is important for sellers to be working with professionals who have experience … (0 comments)

 
Joe Arnao (The Destination Realty Group - William Raveis)

Joe Arnao

Sandwich, MA

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The Destination Realty Group - William Raveis

Address: 812 Main Street, Osterville, MA, 02655

Office: (508) 428-3320

Mobile: (508) 503-4435

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