Assuming that Tax Forgiveness is NOT extended past 12/31/12,
how are you advising your short sale clients selling properties that won't close until January?
Is it really better to get foreclosed after 1/1/13? Does foreclosure give a tax advantage in 2013 that a short sale would not?
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It's been proposed by some State Attorney General's, but personally I doubt it will be.
http://www.housingwire.com/news/attorneys-general-request-extended-...
Congress must pass the law; it's part of the Fiscal Cliff issue.
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