The Federal Mortgage Debt Relief Act has been extended to January 2014. The measure will continue to exempt from taxation mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale, loan modification (including any principal reduction) or foreclosure in your Orange County Home.
Our broker is Short Sale and Foreclosure Resource certified and our agents are experienced with helping you through the short sale process. Give us a call if you have been considering a short sale on your Orange County home. We'll do our very best to assist you.
Teresa and the Team