Short Sales

Short sales are heating up thanks to the Mortgage Forgiveness Debt Relief Act deadline (Dec. 31, 2012). This Debt Relief act cancels/erases taxable debt on the difference owed on the mortgage. For example let’s say that you owe $200,000.00 on your home but your property is only worth $100,000.00 you are liable for the difference which for example purposes is $100,000.00. Rather than selling the home for a loss and owing the bank $100,000.00 the homeowner, lender and the potential buyer can negotiate a “short sale” this ensures casino spiele online the seller can casino internetowe online casino no avoid foreclosure, as well as a huge tax liability, while the buyer gets a sweet canadian casino online deal on a casino online pokies new home & the lender avoids the possibility of no deposit online casino a lengthy foreclosure. Do not let the name fool casino online australia you ‘short sales’ are nothing but short! Although the short sale process has been streamlined it is definitely a very long process, a short sale negotiation can take 2-4 months.

If you or someone you know is underwater and is contemplating a short sale please feel free to call me at 708.646.8264 or email me at: emelin@romanrealty.com. Remember it is crucial to start the short sale process as the Mortgage Forgiveness Debt Relief Act is set to expire at the end of this year.

Buy Windows 7 Ultimate
Sale Windows 7 Ultimate
Buy Windows 7 Ultimate
Windows 7 Ultimate
Cheap Adobe Creative Suite 6 Master Collection
Sale Adobe Creative Suite 6 Master Collection
Sale Adobe Creative Suite 6 Master Collection
Buy Microsoft Office 2010 Professional Plus
Cheap Microsoft Office 2010 Professional Plus
Buy Microsoft Office 2010 Professional Plus