If you haven’t seen our latest headlines of why you should sell by 2012, please see the below info. The Mortgage Forgiveness Debt Relief Act and Debt Cancellation currently is set to end in 2012. The IRS is looking to help homeowners who sell for a loss from what they owe. Instead of getting a 1099 and taxed the difference they created this law. This law is currently set to end in 2012. Please consult your CPA and review it for your own situation. We believe strongly this is a very good reason to sell on a short sale vs. holding onto the property for a loan modification. Please give us a call and let us discuss this with you, it’s very likely that your bank won’t tell you about it.

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