Mortgage Debt Forgiveness Act Expiring – 2012 is the Year for Short Sales
January 19, 2012 by Markus & Heidi Brown · Leave a Comment
It’s big news for homeowners everywhere who are struggling to meet their mortgage payments: the Mortgage Debt Forgiveness Act is set to expire on December 31st, 2012, making this year the year to do a short sale. If you’re considering a short sale (which is a far better alternative to foreclosure), now is the time [...]
Short Sale Basics for Sellers
April 26, 2010 by Markus & Heidi Brown · Leave a Comment
People always ask me what a short sale is and how it works. In a nutshell, a short sale is when a home is sold for less than the amount owed on the mortgage for the home. This occurs when the bank agrees to take less than the full amount due on the mortgage. You [...]
