Relief for underwater homeowners as congress extends Mortgage Forgiveness Debt Relief Act
Mortgage Forgiveness Debt Relief Act Extended until December 31, 2013. If you owe more than your home is worth, NOW is the time to act to avoid future tax debt.
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 amazing 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,”
As a Certified Distressed Property Expert (CDPE), Sylvia Corralejo is specially trained to help homeowners who find themselves facing foreclosure. “I’m committed to helping homeowners who are struggling,”
“In fact, the options available to homeowners are better than ever. Lenders realize how much foreclosures cost, and increasingly favor short sales and other alternatives over letting a home go to foreclosure. Lenders are more willing than ever to work with homeowners,”
Sylvia Corralejo 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:
Sylvia Corralejo & Associates with Home Options 4U assists home owners with foreclosure alternative and home buyers find the home of their dreams.
Home Options 4U
19501 Ventura Blvd., Suite 101
Tarzana, CA 91356
DRE # 01828597
**Affiliated with Sellstate Horizons Realty
For more information about the CDPE Designation, visit www.CDPE.com.
To watch a video on Mortgage Forgiveness Debt Relief Act click on the link below.