Now Sell Your House As A Short Sale Without Tax Consequences

sales tax One of which is losing your home to foreclosure, if you owe more for your house than what Surely it’s worth you only have a few home selling options. To avoid a foreclosure you can sell your house as a short sale. Only experienced real estate investors and a very small number of real estate agents know how to complete a perfect short sale. The buyer or real estate investor will negotiate with the bank to accept less than what you owe them. Eventually, the key is to find a buyer for your home or a real estate investor. Also, The bank should be accepting $ 50000 less than what you owned them, if you sold your house for $ 100000 and you owed the bank $ 150. This is an enormous benefit to home owners who are over leveraged on their home. Fact, the new Debt Relief Act of 2007, signed by George W Bush will allow people to sell their house as a short sale and not be taxed on the shorted amount. A well-known fact that is. If you are 100 percent financed on your home and can not afford your mortgage payment I suggest contacting a local real estate investor.

Local real estate investors will buy your house as a short sale, handle the majority of the paperwork, and negotiate the sale with your lender.

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