If Your Mortgage is in Distress, the Longer You Wait, the Worse It Gets!
The Mortgage Forgiveness Debt Relief Act of 2007 is expiring at the end of December 2012.
If you borrow money from a lender and the lender later
cancels or forgives the debt, you may have to include the cancelled amount as
income for tax purposes.
The Mortgage Forgiveness Debt Relief Act of 2007 was
enacted to allow the exclusion of income as a result of cancellation of debt,
on your principal residence.
If your mortgage is upside down, and you are at risk
of foreclosure or thinking about a short sale, now is the time to act!
Millions of people are in the same situation as you.
A Short Sale may be the answer.
We Can Help You Find The Answers
As Your Neighborhood REALTORS®, we can help you gain the information necessary to make an informed decision about the options available to “beat the clock” and find the best way forward.
The New Foreclosure Alternatives Program Offers Many Features:
· Incentives for lenders to do a short sale rather than foreclose
· Incentives for Homeowners, including $3.000 in relocation expenses
· Streamlined and Standardized Documents and Procedures to Minimize the Complexity of Completing a Short Sale.
· Lenders Must Give Sellers at Least 90 Days to Market the Property through a Licensed Real Estate Professional
· Many More Features and Options to Benefit the Homeowner and Shorten the Process.
Call Us TODAY for a No Cost, No Obligation Caring Consultation
Let Us Help You
“Beat the Clock”
Don’t Wait for Foreclosure!
There may be a better idea. The New Federal Foreclosure Alternatives Program (FAP) can Smooth the Way for a better Solution … the Short Sale!
You Probably Qualify for a Short Sale Under this New Incentivized Program …
and We Can Help!