Hamilton, VA Short Sale: Will You Have To Pay Income Tax?

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Real Estate Agent with Greetings Virginia - Keller Williams Realty

Hamilton, VA Short Sale negotiator Dan Rochon often hear the question “ Do I have to pay income tax on my short sale?”.. Who ever heard of paying income tax even when you sell you home for a loss will be bewildered but the answer is yes. However, the government has passed a law that excludes certain borrowers from this tax. It is called the Mortgage Forgiveness Debt Relief Act of 2007 and it is due to expire on the end of 2012.

Stop foreclosure in Hamilton, Virginia!

 

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About the author:

Dan Rochon is Operating Principal of Keller Williams Realty, Alexandria - Kingstowne, VA and Team Leader with Traci of

Dan and Traci & Consultants with Keller Williams Realty.

         

Dan and Traci have been featured in local and national news on the NBC Nightly NewsThe Today ShowThe Washington ExaminerThe Washington PostCNBC, and WTOP News and more for their success in selling short sales.

If you are interested in short selling your home in Virginia, Maryland, or Washington DC call us today at 703-562-1791 ext. 2 


 

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