The Mortgage Forgiveness Debt Relief Act is still set to expire on December 31, 2012.
For those underwater homeowners who sell their home (or lose it to foreclosure) come January 1, 2013, without another extension to the Act, they could face tax consequences on the "forgiven debt".
How's that for a Happy New Year from Uncle Sam?
Been on the fence about what to do? Now is the time to talk to your Attorney and CPA to determine if a Short Sale is in your best interest.
If so - contact Haven Express to handle your Short Sale. We have the highest Short Sale List to Close ratio in the Phoenix and Scottsdale Metro area - bar none.