short sales in georgia: One Hurdle Cleared......One More To Go!!!! - 12/05/14 01:36 AM
The Mortgage Debt Forgiveness Act of 2007 provided distressed homeowners with the ability to sell their homes via short sale without having to worry about including the amount of the waived balance in their yearly tax calculations. Prior to 2007, short sellers were provided a 1099 for the amount of the waived balance and it was taxed as additional income. 
 
The Mortgage Debt Forgiveness Act of 2007 provided distressed homeowners with an avenue that provided an additional level of comfort and relief from additional financial strains. Since many of these homeowners were already steadily sinking lower and lower into massive … (2 comments)

 
Vanessa Calhoun, Your Greater Atlanta Marketing Guru!! (PalmerHouse Properties & Associates, LLC) Rainmaker large

Vanessa Calhoun

Your Greater Atlanta Marketing Guru!!

Atlanta, GA

More about me…

PalmerHouse Properties & Associates, LLC

Address: 2911 Piedmont Rd, Ste B, Atlanta, GA, 30305

Office: 404-876-4901

Mobile: 470-209-8136

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog