my first short sale

Hello there everyone my name is Kevin Kauffman with Group 4610, your short sale specialists in Arizona, thanks for trying out my blog today. I work with Keller Williams Realty in the Tempe area and use my blog to provide householders with valuable info on their options for avoiding foreclosure. If you’re considering a short sale or have questions about the process feel free to visit my web site or contact me today to discuss your situation.

For my weblog at this time I wanted to speak concerning the possible tax implications of a short sale and what you have to know. If you are potentially hesitating to do a short sale because you are afraid of the tax penalties it’s best to know the facts. Loads of potential clients ask me this very question and the answer depends solely on your distinctive situation. I can let you know that the Mortgage Debt Relief Forgivness Act of 2007 will waive all tax consequences of a short sale in the event you qualify. If your underwater property is your main residency, below $2.5 million {dollars}, and not a industrial property you stand a great likelihood of qualifying. Unfortunately, the Debt Relief Act is ready to run out at the end of 2012 so time might not be on your side. There are also other options we can discuss with the intention to defend you from any attainable tax penalties.

The most important thing to remember is to get advice from a short sale professional and not depend on what your neighbor or cousins advice is. I am not a certified accountant but having years of short sale expertise I can help explain precisely what your options are. To discuss your particular state of affairs please give me a call or fill out the short sale information packet on my web site to get started. Thank you for your time and have an incredible day.

For more information on short sales and how to avoid foreclosure, visit the Group 46:10 blog or you can also contact the Group 46:10 team and get started today.

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