Short Sale Tax Consequences

Short Sale Tax Consequences: Understanding The Qualified Principal Residence Exemption

March 24, 2011

Mortgage Forgiveness Debt Relief Act and Short Sale Tax Consequences

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The Mortgage Forgiveness Debt Relief Act

March 15, 2011

If you recently lost your home to foreclosure, or were fortunate enough to get your lender to agree to a short sale, you need to be certain that you correctly report this information on your income taxes. Most individuals are unaware the the IRS treats canceled debt as income. In general, if you owe a debt […]

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Massachusetts Short Sales: Frequently Asked Questions

March 7, 2011

As someone who exclusively handles Massachusetts short sales, I am repeatedly asked the same questions from both homeowners and Realtors when considering a short sale.  As more homeowners default on their mortgages, I believe it is important to dispel some of the short sale myths that give these often misunderstood transactions a negative connotation. Short […]

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SHORT SALES

February 23, 2011

Massachusetts Short Sales As someone who exclusively handles Massachusetts short sales, I am repeatedly asked the same questions from both homeowners and Realtors when considering a short sale.  As more homeowners default on their mortgages, I believe it is important to dispel some of the short sale myths that give these often misunderstood transactions a negative […]

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