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2007 (2)

2007 Tax Relief Act ends this December 2012

Has anyone hehard if the tax relief act might be extended? Currently it is scheduled to end at the end of this year. Without this pur clients doing short sales will pay income tax on the amount that is dismissed. Any news from RPAC on this? Thank yo

Short Sale Income tax advantages

Here's the scenario: Homeowner stopped making payments on both first mortgage and HELOC. 18 months later a short sale is approved by both lenders. Lender #1 gets the bulk of the sale and nets $200k from a $350k note balance. Lender #2, the junior

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2007 Tax Relief Act ends this December 2012

Short Sale Income tax advantages

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