Upside Down Homeowners can Benefit from the extension of the Mortgage Forgiveness Debt Relief Act

Jan. 3, 2013 - PRLog -- Th Mortgage Forgiveness Debt Relief Act was originally passed in 2007, to exempt struggling homeowners across America from paying income tax on debt forgiven in a short sale, foreclosure, or loan modification.

The bill extends the act through December 31, 2013, allowing underwater homeowners to once again pursue alternatives to foreclosure, such as short sales or loan modifications, without the fear of owing thousands and taxes.  

“For distressed homeowners, the extension of the Mortgage Debt Relief Act is great news. Before this act, homeowners would negotiate a loan modification or avoid foreclosure through a short sale only to find they owed an equally unmanageable tax debt afterwards,” says Roger Horn, Certified Distressed Property Expert from Pinnacle Estate Properties in Calabasas.

As a Certified Distressed Property Expert (CDPE), Horn is specially trained to help homeowners who find themselves facing foreclosure. “I’m committed to helping homeowners who are struggling,” Horn said. “Too often, homeowners facing foreclosure believe there is nothing they can do, but there is.”

“In fact, the options available to homeowners are better than ever. Lenders realize how much a foreclosure costs, and increasingly favor a short sale and over letting a home go to foreclosure. Lenders are more willing than ever to work with homeowners,” said Horn

Horn has developed a free report with more information on the Mortgage Forgiveness Debt Relief Act and the options available to homeowners facing foreclosure. This report, entitled, “Attention: Distressed Homeowners! Congress Renews Critical Homeowner Relief Program,” is accessible from his website, www.CaShortSaleInfo.com.

Short Sales are also a great source of Investment Properties and a list of Short Sales for Sale can be found at www.CaShortSaleInfo.com.  You can also search the MLS at www.RogerHornRealty.com.

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ROGER HORN is an award winning Realtor® with Pinnacle Estate Properties representing the buyers and sellers of residential real estate since 1986.

Known for his professionalism and problem solving skills, Roger has extensive experience listing and selling residential properties throughout Southern California. Roger’s expertise includes communicating effectively with all parties to the transaction, preparing and marketing homes for sale, working with home buyers, negotiating purchase agreements and following through with the myriad of details required to close any real estate transaction.

Roger is a CDPE® (Certified Distressed Property Expert) and has had extensive experience helping solve various real estate issues from probate, trust sales as wells as short sales and bank owned properties.

His commitment to excellence in service and constant communication with clients make Roger the clear choice for all your real estate needs.  You can contact Roger Horn at 888-927-2568 or Roger@RogerHornRealty.com.

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