Distressed homeowners are running out of time... Act NOW or You Will Owe Income Tax in 2013

June 7, 2012 - PRLog -- Macomb County, MI – Distressed homeowners in Southeastern Michigan will soon no longer be able to take advantage Mortgage Debt Relief Act. The law, enacted in 2007, helps distressed homeowners by relieving them of additional tax responsibility that often accompanies cancelled or forgiven debt.

“For many homeowners, even if the bank agreed to cancel or lessen their debt, they were unable to afford the extra taxes that they owed” says Rick Giese, Associate Broker with RE/MAX Advisors. “In many cases, the additional taxes would equal tens of thousands of dollars. It was like trading one unmanageable debt for another,” Rick added.  

The Mortgage Debt Relief Act has provided opportunity for millions of distressed homeowners in the marketplace to take advantage of short sales or loan modifications without worrying how these actions will affect their future finances. The law is set to expire and time is running short for homeowners with unaffordable mortgage to take advantage of its benefits.

See how a Short Sale Helped Phil and his family: http://youtu.be/Zwan3q3kUws



As a Certified Distressed Property Expert (CDPE), Rick Giese is knowledgeable of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help financially strapped homeowners regain peace of mind and a sense of stability for the future.

Rick Giese has developed a free report entitled “Time is Running Out: How the Mortgage Debt Relief Act can save your home” that is accessible from Rick’s website, www.MacombForeclosureHelp.com

About
In 2011, Rick Giese with RE/MAX Advisors has help more property owners avoid foreclosure than any Realtor or Broker in Southeastern Michigan Giese said, “Sellers facing foreclosure must remember that banks are not looking out for you or your family. When you work with Rick Giese and his team, our job is to get between you and the bank. We represent our clients, NOT the banks. It is our job to negotiate the best possible outcome for you. Ultimately, our job is to take away the stress, protect our client’s assets, and make the transaction as smooth and stress-free as possible.” Rick Giese has helped hundreds of Southeastern Michigan families avoid foreclosure. Rick

Rick Giese is a real estate associate broker at RE/MAX Advisors.
Phone Toll Free: 1-800-274-5656. Email: Rick@RickGiese.com

Rick Giese specializes in loan modification assistance and short sales in the Macomb, Oakland and southern St Clair County Areas of Michigan. Macomb Loan Modification Help, Macomb Short Sale Help. Oakland Short Sale Help Macomb and Oakland County MI our services are offering sellers another option besides pre-foreclosure foreclosure or bankruptcy that can affect their credit for years. We are currently offering our services in the Richmond, Shelby Township, Macomb Township, Chesterfield Township, New Baltimore, Clinton Township, Sterling Heights, Mount Clemens (Mt Clemens) Fraser, Harrison Township, Warren, Roseville, St Clair Shores areas of Macomb County Michigan Madison Heights, Troy, Clawson, Royal Oak, Rochester, Rochester Hills, Berkley, Birmingham areas of Oakland County