There have been a few key changes to tax laws that positively affect both sellers and buyers! I had not heard anything about any of these 3 until I saw this YouTube video on Suze Orman.
- If you are a homeowner who is in the position of having to have your home as a short-sale, did you know there is now a law that will allow you to do so without tax consequences?
- If you are a homeowner who is considering selling due to the death of your spouse or life partner, there is a change in the capital gains law that will allow you to qualify for the exemption that includes your partner's/spouse's benefit?
- If you are a buyer without the minimum 20% down, there is a change in the PMI regulations that can benefit you?