Now that the dust has settled over that fiscal cliff, it’s time to look at the fallout. How has real estate been affected by H.R. 8 legislation signed into law by President Obama on January 2, and what will it mean for homeowners, buyers and sellers?
Great News for Short Sales
Short sales will continue to qualify for mortgage cancellation relief through 2013. This allows homeowners a tax break for the difference of the sale price and the amount still owed on the mortgage, an amount that is forgiven by the bank in the bargain… Read More