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Tag Archives: «mortgage debt forgiveness»

201412.15
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Will the current Budget Bill help with Phantom Income Taxation for Short Sellers?

by Charlie in Real Estate Legal Services

The good news is that according to the Wall Street Journal  the current temporary spending bill passed by the House of Representatives DOES  have a provision to extend the Mortgage Debt Relief Act for another year!   Call your Representative and thank them if you completed a Short Sale in 2014. The bad news is that…

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201411.28
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Most Important Year End Tax Preparation for Short Sellers!

by Charlie in Real Estate Legal Services

They Forgive My Debt, They Forgive It Not… By Deborah A. Lord, Esq. Many people think that once they have successfully ‘run the gauntlet’ of the short sale process, that nothing else needs to be considered – the necessary documents were submitted, the short sale was negotiated, the bank agreed to forgive or reduce the…

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Since all cases are a little different, we'd love to sit down with you to discuss your needs. Give us a call today at 757.467.7600 to set up an appointment for a free short sale consultation!

Recent Blog Posts

  • Will 2021 continue the Safe Harbor for forgiven debt?
  • aBiden Time Until Landlords and Lenders can Recover their Properties
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  • Never Try to “Time” The Market
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