hamp: READ THIS AND CALL ME ASAP - 06/23/12 09:14 PM
   
The Mortgage Forgiveness Debt Relief Act is a government bill that offers relief to most homeowners who would normally owe taxes on the forgiven debt after performing a short sale. The Act became law in 2007, and benefits both lenders and borrowers. Under previous US law, when debt is forgiven by a commercial lender (Bank of America, Chase, US Bank etc.), that debt would normally require the borrower to include that amount as taxable income on tax returns. This would normally have caused the borrower to have to pay taxes on their forgiven debt. With this act in place, a borrower DOES … (3 comments)

 
CHARLOTTE SAULTER (CES PREMIER REAL ESTATE SERVICES, inc.)

CHARLOTTE SAULTER

Pinole, CA

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CES PREMIER REAL ESTATE SERVICES, inc.

Address: 2586 Appian way, Pinole, CA, 94564

Office: 877-237-1777

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