Tag Archives: Mortgage Forgiveness Debt Relief Act

Short Sale – Taxes and Their Implications

Short sale is a financial transaction done in a situation where a borrower faces financial hardships and falls behind on  mortgage payments. In simple words it is a debt negotiation process in which the borrower gets relief from paying the … Continue reading

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Short Sale Part 5: Drawbacks

This is part 5 in our week long series on short sales. Yesterday: Short Sale Candidates | Today: Short Sale Drawbacks We’ve been talking all week about short sales and hopefully it’s helped you become more educated on the subject … Continue reading

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Short Sale Part 2: Taxes Not So Burdensome Anymore

This is part 2 in our week long series on short sales. Yesterday: Short Sale Popularity | Today: Short Sale Tax Issues | Tomorrow: Don’t Walk Away Note: The following does not constitute tax advice. It is only meant as … Continue reading

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