There is some great things happening in our West Valley pertaining to short sales. Here is some helpful information for you to help guide you.
•The Mortgage Tax Forgiveness Act is due to expire on 12-31-12. This act may protect a homeowner who short sells or foreclosures on their homes from a huge tax liability.
•It could be possible to purchase another home immediately after closing on a short sale
•You don’t necessarily have to be behind on your mortgage payments to be approved for a short sale.
•You may qualify for a government program which will pay you $3,000 at the closing of a short sale
•Regardless if your home forecloses or you do a short sale, your HOA dues must be paid in full by you. This will be a personal judgment will be filed against you personally.
•In most cases, a Loan Modification is only a temporary “fix”, and over 70% of people who have done a Loan Modification end up in foreclosure or short sale.
Please contact Cheryl Krone at (623)298-4340 or email firstname.lastname@example.org for a free short sale consultation. We have helped hundreds of families avoid foreclosure. Get all of the information you need to make the best decision for you and your family.