With the Mortgage forgiveness Debt relief Act set to expire at the end of 2012 now is the time to short sale your Scottsdale Luxury Properties. Are you willing to take the chance of having to pay tax on the difference between what you owe and what your Scottsdale Luxury Properties are worth? This bill is set to expire and the end of this year and has been shelved to even discuss until November! You can figure for every 100k of debt forgiven on your Scottsdale Luxury Properties you are looking at 20-25k in tax consequence. With the way the economy is you know the IRS need this money so its a coin flip as to if this bill will be extended again. I'm not sure about you but the last thing I need on my Scottsdale Luxury Properties is to have the IRS after me. For more information on how to short sale your Scottsdale Luxury Properties visit www.avoidbkandforeclosure.com. Please contact me for a current list of Scottsdale Luxury Properties short sales or for a consutation on your property.
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