The new stimulus program for homeowners (The Homeowner Affordability and Stability Plan) was announced last week by the Obama administration. The program includes a change regarding taxes that may be owed by sellers who sell their homes through the short sale process. Last week, in my blog Short Sale Advantages for Buyers and Sellers, I told you [...]
Archive for March, 2009
New Stimulus Plan Affects Short Sale Tax Consequences
Posted in Peoria AZ real estate, Peoria real estate, Phoenix real estate, homeowner tips, tagged home sales, homeowner affordability, short sale tax benefits, short sales, stimulus program, tax benefits on March 12, 2009 | Leave a Comment »
Short Sale Advantages for Buyers and Sellers
Posted in Home Tips, Market Trends, Peoria AZ real estate, Peoria real estate, Phoenix real estate, Uncategorized, tagged bankruptcy, foreclosure, foreclosures, short home sales, short sale, short sale buyers, short sale definition, short sale sellers on March 5, 2009 | 2 Comments »
Before I explain the advantages of a short sale for sellers and buyers, let me give you a simple explanation of what a short sale is. A short sale is when a bank agrees to accept an amount less than the balance owed in repayment for the loan. In the Valley of the Sun area, most [...]
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