Home > Mortgage Forgiveness Act > The Mortgage Forgiveness Debt Relief Act by IRS: Do you qualify?

The Mortgage Forgiveness Debt Relief Act by IRS: Do you qualify?

In the Ramona REAL ESTATE Market there are still many forms of home sales and This is a common question I get whether I am selling a Foreclosure, Short Sale or REO….will I be taxed? Each situation is unique and you should always consult with a Real Estate Attorney to review all possible exit strategies. For IRS Guidelines on the MORTGAGE FORGIVENESS DEBT RELIEF ACT click HERE to visit IRS.gov for your answer.

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