Short Sale

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HURRY AND ACT NOW!

Mortgage Forgiveness Debt Relief Act Expires in 2012

TIME IS RUNNING OUT FOR HOMEOWNERS TO SHORT SALE THEIR HOME AND AVOID TAXES!

Once the relief act expires you will need to pay taxes on the debt forgiven by the bank.

For example if you owe $250,000 on your loan and your lender agrees to a $200,000 sales price, the $50,000 that is being forgiven would need to be counted as income on your tax return.  That means you would be liable for $50,000!

Avoid Foreclosure, Save Your Credit and Get a New Start With a Short Sale

Millions of homeowners qualify for a short sale due to financial hardship or loss of value.  A short sale can help you avoid losing your home to a foreclosure or having to file for bankruptcy and destroying your credit for many years.

If you answer yes to any of these questions, time is of the essence and you need to contact us now!

  • DO YOU OWE MORE THAN YOUR HOME IS WORTH?
  • HAVE YOU LOST YOUR JOB, TAKEN A PAY CUT OR GONE THROUGH A DIVORCE?
  • ARE YOU BEHIND OR SOON TO BE BEHIND ON PAYMENTS?

You can avoid foreclosure and get out of your upside down home loan.

 

A few of the banking institutions we have worked with:

 

 

 

 

 

 

*Not all properties qualify. View the IRS Mortgage Forgiveness Debt Relief Act to see if your home qualifies.