Login | Sign Up |
Logo
MENU
  • Property Search
  • Featured Homes
    • New on The Market
  • Buyers
    • Property Search
    • Dream Home Concierge
    • Mortgage Rates
    • Mortgage Calculator
    • Get Prequalified
  • Sellers
    • Home Values
    • Sold Listings
    • How We Market Your Property
  • Neighborhoods
  • About
  • Testimonials
  • Contact
  • Our Blog
  • Property Search
  • Featured Homes
    • New on The Market
  • Buyers
    • Property Search
    • Dream Home Concierge
    • Mortgage Rates
    • Mortgage Calculator
    • Get Prequalified
  • Sellers
    • Home Values
    • Sold Listings
    • How We Market Your Property
  • Neighborhoods
  • About
  • Testimonials
  • Contact
  • Our Blog

Short Sale Tax Relief Extended Through 2013

Short Sale Tax Relief Extended Through 2013

January 4th, 2013

The Mortgage Interest Deduction and the Mortgage Debt Forgiveness Act survived last minute budget cuts, and will extend through 2013. Both laws were considered by Congress and the President as they looked for ways to cut spending for 2013. Discontinuing the Mortgage Interest Deduction in particular would have been detrimental to the housing market, and would have cost new and existing homeowners hundreds of dollars per month.

The extensions mean that homeowners can continue to deduct mortgage interest and PMI on their primary  home (and one secondary home), and that mortgage debt forgiven by banks during short sales will not be taxed federally. This information is not tax advice, just a summary of legislation. If you are interested in learning more, please contact me.

Real Estate continues to thrive, and with historically low rates it is a great time to buy or invest!

Realtor Name, REALTOR

If you, or someone you know is interested in buying or selling property, please call right away!

Share on:

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post:
Mortgage Rates Improve with Fiscal Cliff Rumors
Next Post:
How to Beat Cash Offers
Don Alexander
Don Alexander
REALTOR
619-581-4255
1stprimerealty@gmail.com
CA DRE LIC. 01456248
Recent Posts
  • Auto Draft
  • An agent you can rely on.
  • Budget Consideration
  • Expert Negotiators
  • The Closing Process
Categories
  • Real Estate News
  • Social Media Posts
  • Uncategorized
Recent Comments

    Featured Listings

    Questions? Ask Here!

    © 2021 Don Alexander, 619-581-4255, CA DRE LIC. 01456248, 270 E. Douglas Ave, El Cajon, Ca. 92020, CA DRE LIC 01456248
    Websites for REALTORS