If you need to sell, SELL. Don’t wait for the market to come back. While you wait your home could depreciate more. In addition, you may lose your right to forgiveness of the debt. This special tax relief actually applies to anyone who has forgiven mortgage debt during the tax years 2007 through 2012. But starting in 2013, this tax break goes away. Whatch the Suze Orman video.
http://www.youtube.com/watch?v=oAktf9sAP_0
Shortsales are here to stay. If you must sell consider the shortsale.
Posted byCarrie Little
CarMarc Realty Group was founded in 2017. Carrie, managing broker/owner has been in the business since 2001 working for one of the largest real estate firms in Chicagoland. With her background in technology her goal is to work with agents that love technology, love helping families and individuals find a place to call home. The old idea of listing and buying homes has changed. We seek to work with new technologies to make each transaction seamless and a non-stressful experience. We want to empower you to get involved in the transaction.
