Fairfield CT 06824 Homes for Sale MORTGAGE DEBT RELIEF - EXPIRES

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Real Estate Broker Owner with Dagny's Real Estate

 

Fairfield CT 06824 Homes for Sale

 

 MORTGAGE DEBT RELIEF ACT- EXPIRES AT THE END OF THE YEAR

 

Homes for Sale Fairfield CT 06825

 

TAKE ADVANTAGE NOW!! TIME IS RUNNING OUT!

 

We all know that our economy has been in distress.     Are you facing stress or hardships?     Feel lost and don’t know what you’re going to do? If you lost your job, or simply cannot afford to make your monthly mortgage payments, there may be relief.

 

66 Homes for sale in Fairfield , CT were foreclosed since June of 2007.    20 of those homes for sale were foreclosed on in the last year.    Do not become a statistic, save yourself the grief of large amounts of debt.      You can be protected.

 

 

THE MORTGAGE RELIEF ACT

 

If you have a home for sale and are not aware of the benefits you may be eligible, I do recommend you educate yourself, and educate yourself immediately.

The Mortgage Relief Act was passed in 2007 when President Bush was in office.    It is scheduled to expire the end of this year.  That’s right - you have less than a half a year.

The Mortgage Relief Act may save you from having to pay taxes on the money you owe.

How does this work?

I first would advise that  you find yourself a Realtor that you trust, to help you navigate through this process and help you understand it further.     If you are in the Fairfield , CT area with a home for sale, and have any questions, you should contact me at  (203)  858-4853.

When you sell your home in a short sale, your lender will waive your deficiency, or debt. That means that the bank would forgive and cancel the debt you owe them.    At the end of the year, you would have to claim that money as income.   The Mortgage Relief Act has been put into place to help avoid paying taxes on income you MUST claim.

If approved, you and the IRS will be given a 1099c (cancellation of debt)

So, if you are "underwater", and live in the Fairfield , CT area with a home for sale. Please feel free to contact me.

This is a quite a long complicated process and it takes a long time (6-9 months from when an offer is received on your listing.) 

I don’t want to frighten any sellers but this Act is due to EXPIRE on December 31st 2012.

After this year, short sales/ foreclosures will be taxable in your income taxes.      Although your lender may allow you to forgive/ cancel the debt owed,  it will be taxed.

So if you are "drowning," please do yourself the favor and get educated.      Information is power.      See if this is right for you.

 


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The most recent ranking of the nation’s high schools published by U.S. News & World Report distinguished Connecticut with 11 gold medal schools, 24 silver medal schools, and 4 bronze medal schools. Of the top 10 best high schools listed, half were in the 26th district. Weston, Ridgefield, Wilton, Joel Barlow, and Staples High School were recognized.

 

This article has been written by Dagny Eason.

 

Feel free to call Dagny Eason to discuss this at (203) 762-1700!

 

  Dagny Eason | Broker 

   Direct Line: 203-762-1700 

Website: www.DagnysRealEstate.com

Email: Dagny@DagnysRealEstate.com

 

I am hiring agents. We offer great splits, outstanding support, marketing resources, and banana bread. 

 

I am always mobile, but right now I am near Lower Fairfield County, CT

 

"He who knows he has enough is rich."

 


 

 

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Topic:
Mortgage / Finance
Location:
Connecticut Fairfield County Fairfield
Groups:
Advice for Buyers
Advice for Sellers
2013MarketReports
1st Time Buyers
Tags:
fairfield ct 06824 homes for sale mortgage debt relief expires

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Rainmaker
639,955
Gene Mundt
Mortgage Lender - Chicago/Chicagoland Mortgages
www.genemundt.com

Dagny:  Great information you offer here!  The modern-day potential home buyer AND present homeowner simply must be educated as to ALL the options that are available to them.  Resources are everywhere on the internet.  You just proved that with your blog post.  Local advice and assistance, in this situation, is the best candidate for that education and help.  In Fairfield CT, and the surrounding area, Dagny Eason is that local advocate that the public should be seeking out ... she cares and has the facts ...

Gene

June 28, 2012 09:21 AM
Rainmaker
391,388
Kristine Ginsberg
Morris County, NJ Stager
Morris County, NJ: Elite Staging and Redesign, LLC

Dagny - Great information on the Mortgage Debt Relief Act in Fairfield, CT. This could potentially save buyer's money on taxes they may owe, but  December 31st will be here before you know it so it's time to act (pun intended, lol) and call Dagny Eason of Dagny's Real Estate!

June 28, 2012 09:37 AM
Ambassador
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Dagny Eason
Fairfield County CT, CDPE Homes For Sale and Condo
Dagny's Real Estate

Thanks so much, you all!    I love the support!   It is so true that sellers should hurry and take advantage of this!!

June 28, 2012 10:18 AM
Rainmaker
616,862
Deborah Byron Leffler BzyBee Real Estate Lady!
Keller Williams Realty Boise

Oh Dagny...such a great reminder ....so many folks are still on the fence and they may regret it!!!  Thanks for sharing!

June 28, 2012 08:00 PM
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Dagny Eason
Fairfield County CT, CDPE Homes For Sale and Condo
Dagny's Real Estate

Deborah - Thanks so much for stopping by!

June 29, 2012 06:41 PM
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Dagny Eason

Fairfield County CT, CDPE Homes For Sale and Condo
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