SFR Investors To See Glut Of Highly Motivated Sellers As MDR Act Likely To Expire At Year’s End



The Mortgage Debt Relief Act is due to expire at Midnight, December 31, 2012. This means that distressed homeowners who are trying to complete a short sale or foreclosure will be liable for taxes on the amount of their loans which is forgiven – IF their transaction does not close by December 31st. There has […]

An Overview Of Real Estate Investing Strategies – Short Sales



Short sales are currently one of the hottest strategies in real estate investing right now, for a variety of fundamental reasons. But the record market for short sales may be coming to an end soon, as the tax exemption for imputed income will expire at the end of this year. This means that come the dawn of 2013, home sellers will be liable for income taxes on short sales.

Time Is Running Out For Avoiding Taxable Income On Your Foreclosure



It seems that the ultimate “insult-to-injury” scenario would be to lose your personal residence to foreclosure or a short sale, then find out that you owe taxes on the “income” you “received” as a result. But that is exactly what could happen to millions of homeowners who will face foreclosure or be forced into a short sale on their personal home after December 31, 2012.

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