URGENT SHORT SALE TIME LINE

We know that all of you have heard more about short sales than any of us ever wanted to. Unfortunately, they have become an everyday part of our Real Estate world. However, something that we are realizing is that not everyone realizes that in order to get THE MOST HELP FROM A SHORTSALE you need to react soon.

Bush's Debt Relief Act that was put into effect to help homeowners who have to shortsale or end up losing their homes in foreclosure. It provides tax relief on the deficiency amount to those who find themselves in this situation as long as it is their primary residence. However...THIS ACT EXPIRES ON DECEMBER OF 2012. That means that a short sale or foreclosure must BE COMPLETED by this deadline in order to realize the benefits.

If you or someone you know needs information about a shortsale please pass this information on, as time is running out. We must get started soon in order to have time to compile info, review options, market the property and negotiate with the banks. Please don't be one of the ones who waits and misses out. There has to be something positive about all of this. You can get more info at www.spokaneshortsaleinfo.com

We are not tax accountants and can not give tax advice. Please consult your accountant to see how this may individually affect you and your tax situation.