If you are behind on your mortgage or owe more on your house than it is worth please contact us today at 800-641-7490!!!!
The forgiveness Act will expire December 2013. This is a reality if your bank forecloses on you, they will send you a 1099 for the difference . Let me explain in real numbers, if you owe $400,000 and the bank Forecloses for $100,000 the difference is $100,000. You will receive a 1099 for 100,000. What that means to you is let's say your tax bracket is 20%, YOU WILL OWE $20,000 in real taxes. So ask yourself this can I afford not short sale this house?
800-641-7490
