Back in 2007 the government put in place the Home Debt Relief Act. This act allows US Citizens to short sale or “unload” their primary residence for less than they owe and not take an income “hit” on their taxes. The Home Debt Relief Act of 2007 is set to expire Dec, 31, 2012.
In today’s installment, Milly let’s the American public know that if they’re one of the 11 million homeowners still “under water” on their home and have been kicking around the idea of putting their home on the market as a short sale, now is the time.
We hope you enjoy today’s installment!
If you or any of your loved one have any questions regarding mortgage financing, home ownership or banking in general, please don’t hesitate to hit that MILLY button!!
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