The MDFRA Gets Extended; Start The Short Sale Process Today

Hi there, this is Shawn Polston with TucsonShortSaleNegotiator.com and Keller Williams Realty in Tucson, I’ve got some great news for homeowners today. Our leaders in Washington have decided to extend the Mortgage Debt Forgiveness Act for another year, so it’ll be around until the end of 2013. Given the timing involved in closing most short sales, it could be anywhere from three months to nine...

What You Need to Know About the 2012 Short Sale Tax Changes and the Mortgage Debt Forgiveness Act

Hi, this is Shawn Polston with 520shortsale.com where we are Tucson’s leading short sale team. I wanted to talk to you about something that I’ve been getting a lot of questions about lately. That is an eminent change to the tax code in the way forgiveness of debt is going to be handled with both short sales and foreclosures. After you complete a short sale, the lender is required by the IRS to...
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