Good news for homeowners and real estate professionals who serve them! The Mortgage Debt Relief Act of 2007, which allows homeowners to avoid paying taxes on the difference between the amount of a short sale and the amount owed on the mortgage has been extended for a year, keeping distressed homeowners from falling off the dramatically named "fiscal cliff".
While great news, it is only temporary and the term "short sale" is quite misleading. Any honest real estate professional will tell you, these things are far from short. So now is the time to act if you are experiencing a hardship.
The professionals at RealEstateSuperMarkets.com are knowledgable in what it takes to make a short sale successful and have partnered with a team of trusted partners which include attorneys who perform these exclusively.
Check us out at http://wp.me/P2QBrN-4k.