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Marcy Moyer's Blog – November 2011 Archive (1)

It's Almost Midnight For Sunnyvale Short Sale Federal Tax Debt Forgiveness

If you can not pay your mortgage you might want to do something about it sooner rather than later. Here's why:

1. The Mortgage Debt Relief Act of 2007 is set to expire at the end of 2012

2. This act says that if you sell your primary residence as a short sale or it is foreclosed then no federal tax is owned on the debt foregiveness, the difference between what you owe and what the bank was paid back after the…

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Added by Marcy Moyer on November 21, 2011 at 11:22pm — No Comments

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