WHATS THE REAL TRUTH ON SHORT SALES DEADLINE?

THE ONE CONSTANT WE CAN ALL COUNT ON IN THE SHORT SALE MARKET IS CHANGE, AND IN THE RECENT MONTHS THE CHANGES HAVE BEEN POURING IN.

MAJOR BANKS AND LENDING INSTITUTIONS ARE IMPLEMENTING MAJOR CHANGES  TO THEIR SHORT SALE PROCESS...

AND THE MORTGAGE DEBT RELIEF ACT (MDRA) EXPIRES ATHE END OF THIS YEAR.

THE MDRA ENSURES THAT HOMEOWNERS WHO NEED TO USE A FORECLOSURE ALTERNATIVE ARE NOT RESPONSIBLE FOR TAXES ON ANY FORGIVEN DEBT, WHICH WOULD OTHERWISE BE REPORTED TO THE IRS AS INCOME.

SO HOMEOWNERS WHO NEED TO DO A SHORT SALE MUST START THE PROCESS NOW TO TAKE ADVANTAGE OF THIS VALUABLE ACT.

CALL ME TODAY FOR DETAILS OF THE MDRA, HOW IT WORKS AND WHO IS ELIGIBLE.

TAMI HERNANDEZ YOUR LOCAL REALTOR 631-682-7722