Folsom Short SaleTaxes; Saved By Fiscal Cliff?
[caption id="attachment_5921" align="aligncenter" width="295" caption="Folsom short sale specialist explains Short Sale Tax Relief"][/caption] Folsom Short Sale Specialist explains how: Fiscal Cliff Helped Folsom Short Sales? How did the Fiscal cliff help Folsom homeowners? Upside-down homeowners in Folsom now owe no taxes on their Folsom Short Sale! Folsom Homeowners who do short sales — selling their homes for less than they owe to the bank — got a break when a deal was made in Washington on the fiscal cliff. Folsom short sales won’t owe Federal taxes to the IRS on the difference between the sale price and the loan debt. (Which was the case before 2007) because the Mortgage Forgiveness Debt Relief Act was extended. Read more here at: Folsom Short Sale Specialist Announces Debt Relief...
What Is HAFA? How Do You Do HAFA? Folsom and El Dorado Hills Short Sale Specialist Explains
[caption id="attachment_5799" align="aligncenter" width="469" caption="Folsom and El Dorado Hills Certified HAFA Short Sale Specialist Explains HAFA Short Sale Program"][/caption] Folsom and El Dorado Hills Short Sale Specialist Forth Hoyt Answers Questions On the HAFA Short Sale Program. . As a Folsom Short Sale Expert, I regularly consult with upside-down Homeowners in Folsom and El Dorado Hills about the options for their over encumbered homes in Folsom or El Dorado Hills. In 2009, the Treasury Department (HAFA is funded by taxpayer dollars) introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP), which was at the time failing miserably. So in other words; the banks were not approving (and...
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