Category Archives: Short Sale/Foreclosure

Fiscal Cliff Bill Passes, Mortgage Debt Forgiveness Tax Treatment Extended. Good News for Short Sales in Western MA

Mortgage Forgiveness Tax Treatment Gets One More Year. The advancing fiscal cliff debates were getting everyone’s concerns up, but for those of us who work in the real estate industry, we had specific issues that were of high notice.  The mortgage forgiveness tax treatment has been instrumental in assisting people who are in underwater mortgages… Continue Reading

Mortgage Forgiveness Tax Relief … Keep Housing Recovery on Track!

CALL FOR ACTION! Congress will soon return to session and they will be discussing a housing issue that could affect almost one-quarter of all real estate transactions – the expiration of Mortgage Forgiveness Tax Relief. Why is this so important? Homeowners shouldn’t be forced to pay tax on money they’ve already lost with cash they… Continue Reading

Did Short Sales in Western Massachusetts Just Get Easier? Avoid Foreclosure!

It was recently announced that the Federal Housing Finance Agency has been working with Fannie Mae and Freddie Mac to issue new guidelines that expand eligibility criteria and streamline the short sale process. No one wants to suffer hardships that affect their home-ownership. No one wants to have to default on their mortgage and start… Continue Reading