Category: Taxes

Short Sale Tax Break Extended

A short sale is an option for the homeowners who are burdened with underwater homes or mortgages they cannot afford to get on track financially again. However, the short sale itself is not the end of the road. You can still have a deficit balance or an unsecured promissory note to settle with the bank,…




Mortgage Debt Forgiveness Act extended!!!

Special Real Estate Report Short Sale and Mortgage Insurance Benefits Homeowners are among those who will benefit from a $760 billion tax deal that was signed into law in December. The deal includes two very important tax breaks for those who own homes. The law includes a retroactive extension of The Mortgage Debt Forgiveness Act…