New rules making tax-credit closing deadlines tough to meet
For thousands of home buyers who scrambled to meet the April 30 federal tax-credit deadline for completed contracts, a new challenge is looming: Can they nail down their mortgage financing and get to closing before the program terminates?
POLL Southwest Florida Realtors optimistic about new rules for short sales
In the past, there has been nothing “short” about the time it takes to close a short sale, if it happens at all. Federal legislation that took effect Monday could change that – at least for sellers who qualify. Locally and nationally, the new program has the potential to revolutionize the short sale process, if it’s implemented the right way by lenders
Suzy explains the past tax consequenses of a short sale and how the new “Mortgage Forgiveness Debt Relief Act of 2007 HR 3648″ helps people trying to complete a short sale More information at: sccrealestateuncensored.com/2007/mortgage-forgiveness-debt-relief-act-2007/ micasamidinero.com/2007/mortgage-forgiveness-debt-relief-act-2007/
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