This is my new article explaining what is happening and what to expect-as well how to handle the uncertainties regarding the expiration of the tax protection that covered some sellers. Please leave a comment or visit my Facebook page (Don't for get to LIKE me)
http://josephalfe.com/2012/11/no-replacement-for-the-mortgage-debt-relief-act-yet-now-what/
**********************************
like buttons
Replies
Great article!
Awesome article Joseph... this is great for realtors to use. I printed it out. IF the Mortgage Debt Relief Act does NOT get extended....realtors need to educate tons of potential clients that it is STILL in their best interest to do a short sale and NOT have tax consequences..in some cases...it just got better. I knew these rules because I work with a CPA that is extremely up on all the guidelines, etc on what owners can do in these situations after a short sale.
Knowledge IS power.... But I luv on how you just solidified what I knew.... time to educate the masses.... Shy:)