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Northeast OH Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency

Northeast OH – I recently heard another so-called short sale expert say that the Federal Mortgage Forgiveness Debt Relief Act made it so that everyone gets to short sale with no deficiency

The unfortunate news is that this is not true. In some state, state law forbids the lenders from attempting to collect from . . . → Read More: Northeast OH Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency

The Mortgage Forgiveness Debt Relief Act- Old news but still important.

It seems that there are still tax professionals that don’t understand that there is a way for most homeowners selling their homes on a short sale who have experienced a 1099 for the foregiveness of debt not to pay taxes on that.  The best way to avoid paying taxes on the 1099 for many . . . → Read More: The Mortgage Forgiveness Debt Relief Act- Old news but still important.