The Mortgage Forgiveness Debt Relief Act is set to expire on December 31, 2012 unless Congress agrees to an extension. Sellers of distressed properties closing in 2013 need to be aware of potential tax ramifications on their forgiven debt. Sellers ~ be sure to talk with your financial consultant if you think you may be effected by this expiration.
Thinking about buying or selling real estate in the Greater Pine Island communities of Bokeelia, Pineland, Pine Island Center, St James City and Matlacha? Sellers ~ call "Pine Island Pam" for an appointment and FREE comparative market analysis (CMA). Buyers ~ call for a FREE Listingbook acount and search the MLS like an agent. Call (239) 699-6567 or e-mail Pam@PineIslandPam.com. Check out my website at PineIslandPam.com.
Posted via OnFast - http://www.OnFast.com
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