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A Few Instances Where You May Owe Income Taxes After A Northeast OH Short Sale

Northeast OH – The Mortgage Forgiveness Debt Relief Act of 2007 allows most people to short sale their home and not owe any income taxes on the forgiven debt.

However, there are a few situations where a homeowner may still owe taxes after a short sale.

Click here to discover how other sellers successfully . . . → Read More: A Few Instances Where You May Owe Income Taxes After A Northeast OH Short Sale

Northeast OH Short Sales: So How Does The Mortgage Forgiveness Debt Relief Act Help You?

Northeast OH – In our last blog post we explained that the Mortgage Forgiveness Debt Relief Act does not automatically release you from your mortgage debt after a short sale.

So, what does this law cover? What does it do? I’ll answer that question today.

Click here to discover how other sellers successfully did . . . → Read More: Northeast OH Short Sales: So How Does The Mortgage Forgiveness Debt Relief Act Help You?

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

AuNortheast OH Short Sales: Which Buyer's Offer Should I Accept?

Northeast OH – The Stop Foreclosure Institute recently received a question from Beckie. Here was her question.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

“I need your help. I am trying to short sale my house. My lender is one of the largest in the country. . . . → Read More: Northeast OH Short Sales: Which Buyer’s Offer Should I Accept?

Northeast OH Short Sale Question: How Is Short Selling A Rental Different From Your Personal House?

Northeast OH – The Stop Foreclosure Institute recently received a question from Brett. Here was Brett’s question.

“How is the short sale process different for a homeowner versus a rental property? Is the owner of a rental property more likely to have a deficiency judgment and/or be taxed on the deficiency than a someone . . . → Read More: Northeast OH Short Sale Question: How Is Short Selling A Rental Different From Your Personal House?

Northeast OH Short Sales: My Ex Is Short Selling. What Can I Do?

Northeast OH – The Stop Foreclosure Institute recently received a question from Tom about short sales. Here was Tom’s Question.

“My Ex-wife decided to Short Sell our former house. Unfortunately we both signed the mortgage when we bought the house together. I think that means I am still liable for the debt.

She got . . . → Read More: Northeast OH Short Sales: My Ex Is Short Selling. What Can I Do?