The MTDFRA ( Mortgage Tax Debt Foregiveness Relief Act) and many state counterparts will expire at the end of 2012. That means that if the transaction closes after that date the homeowner will need to pay taxes on the amount forgiven. This is HUGE! If you are having any trouble paying your mortgage and see ANY chance that you may not be able to pay (even if you’ve already modified your loan) short sell the house now. Everything is perfect for you right now. Go back to renting for a little while then buy again in 2 years! The HAFA short sale program has several benefits and you might qualify for a HAFA short sale which allows the seller up to $3,000 to assist in closing costs.
Check out the HAFA short sale guidelines now and contact your local Realtor ( in San Diego that is me Alan Schmitt). Email or call me and I will refer you to an incredible short sale expert in your area.
Check out the HAFA short sale guidelines now and contact your local Realtor ( in San Diego that is me Alan Schmitt). Email or call me and I will refer you to an incredible short sale expert in your area.
The short sale process can take 4 to 5 months and with the deadline closing in, I expect a deluge of short sales hitting the system within the next 6 months. Have yours completed and be well on your way to your next purchase! Don’t get caught with your pants down. Act Today.
The short sale process can take 4 to 5 months and with the deadline closing in, I expect a deluge of short sales hitting the system within the next 6 months. Have yours completed and be well on your way to your next purchase! Don’t get caught with your pants down. Act Today.
Check out short sale information at www.shortsaledignity.com
A free book for you at www.canishortsell.com





















