Freddie Mac Short Sale Guidelines

November 9, 2013

The Freddie Mac Short Sale Servicing Guidelines streamline the short sale approval process with the introduction of the Standard Freddie Mac Short Sale.

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Mortgage Debt Relief Act Extended Through 2013

January 8, 2013

American Taxpayer Relief Act of 2012 On January 1st, 2013 the U.S. Senate overwhelmingly passed legislation to avoid the so-called “Fiscal Cliff” by a vote of 89-8. The bill, referred to as the American Taxpayer Relief Act of 2012, avoided draconian sunset tax provisions that were scheduled to take effect after 2012 under the Bush-era tax […]

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March 24, 2012

Why Use Our Services Greater Boston Short Sales, LLC (GBSS) assists real estate agents in getting their short sales closed. As a real estate agent, your time is best spent obtaining new listings, meeting with clients, showing and marketing homes. We understand that you don’t have the extra time required to effectively negotiate a short […]

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What Are The Tax Consequences of a Massachusetts Short Sale?

February 7, 2012

As tax season approaches, and more importantly, the expiration of the Mortgage Debt Relief Act of 2007, it is important to review the tax consequences following a short sale.  In general, the IRS will treat any canceled debt, such as forgiveness of a mortgage loan, as taxable income. Thus, if you live in a recourse […]

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Massachusetts Short Sales: Five Tips For Buyer’s Agents To Ensure Short Sale Approval

November 12, 2011

A Buyer’s Agent Can Take Proactive Steps To Ensure Short Sale Approval. Five Things Buyer’s Agents Must Do On All Massachusetts Short Sales.

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