Phuong Atkins and I, as Realtors, have worked with many sellers who find themselves in "impossible" situations with downturns in their life or owing more than their home is worth. But one downside is not having debt forgiveness from IRS and other scary possibilities. There are other important updates also from recent legislation. If you have someone in your family or circle of friends that are impacted by these circumstances, please have them read this article from Attorney Mark Martella.
http://martellabankruptcy.com/tax-short-sales-education-iras/
*Posted by permission from Attorney Mark Martella.
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