How to Avoid Taxes on Canceled Mortgage Debt
10 Benefits of Short Sale over Foreclosure
In an effort to help our audience we like to share resources that can help you with tough decisions. We came across these two artciles and thought they would be very helpful
The first article is “How to Avoid Taxes on Canceled Mortgage Debt“. It discussed a critical aspect of the “Mortgage Debt Relief Act” that may allow an exemption for certain mortgage or foreclosure situations.
The Second Article is “10 Benefits of Short Sale over Foreclosure“. It presents many items to consider when making a deicion between a foreclosure and a short sale. In many cases a short sale might be a better option than letting your home foreclose. Links to both articles are below.