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Northeast Ohio Short Sales: Will I Owe Income Tax After A Short Sale?

Northeast OH – This is one of the first questions potential short sale sellers ask us. “I heard of something called “forgiveness of debt income and that it is taxable. How does that work?” they ask.

The following article is my personal opinion only. I recommend that you consult with a competent legal or . . . → Read More: Northeast Ohio Short Sales: Will A Short Sale Cost Me At Tax Time?

Will the new guidelines for FHA short sales help you or hurt you?

With an increase in FHA loans being written, everyone should expect an increase in the number of FHA pre-foreclosure sales on the market.

However, there are some changes in the guidelines of pre-foreclosure sale program also known as FHA short sale.

These guidelines for the most part a significant improvement for anyone needing to . . . → Read More: Will the new guidelines for FHA short sales help you or hurt you?