Category Archives: Article

The Mortgage Forgiveness Debt Relief Act expired in 2012?  No, that is a myth.  Congress recently extended the Mortgage Debt Relief Act an additional year. This extension means homeowners will now be excused from paying Federal taxes on forgiven mortgage … Continue reading →

Many homeowners are under the impression that selling their home through short sale will render them ineligible to purchase another property for up to 7 years! But that is a myth. Actually, you may be eligible for a Fannie Mae … Continue reading →

It is a common belief that short sales drag out, and can take months to close. But that is a myth! No two short sales are the same, and the process of short selling is one that can only be … Continue reading →

Many homeowners are under the impression that they must fall behind on mortgage payments in order to qualify for a short sale, but that is a myth. Prior to 2012 if a homeowner sought a short sale for their property … Continue reading →

Many homeowners are nervous to attempt a short-sale for fear of being sued by their lender for the deficiency after closing. But that is a myth. Up until recently a lender had the option to require the deficiency after a … Continue reading →

Many homeowners believe that short sales never close, but that is a myth. In fact a large percentage of all closings currently are short sales; it’s just a matter of how long the process will take. The determining factor is … Continue reading →