(English) The Mortgage Forgiveness Act: Will It Be Extended?
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Thank you for the good information. There are many people considering Short sales now. Good info to pass on.
@7782825d8bac551ae2a33754cd75fbe6:disqus, The deal must be closed by December 31, 2012 to avoid the tax consequence (assuming the act is not extended).
Nice and great information on the act. Those who are trying to fall under this act should be hurry as they only have two months at their hand. Be hurry to get the full benefit of the act.
i thought the act is extended until dec 2013. i still have a house need to sale in short sale. who should i contact? thanks
To our knowledge, it has not been extended.
You should first contact your bank and then a local Realtor that is Short Sale Certified or is a Distressed Property Expert to list the home and work towards getting current market value. Your Realtor can then submit a short sale package with your lender.