Tag Archives: short sales

Tucson real estate : Short sale debt relief extended, let’s all take a breath…

Time to exhale…Congress passed the The American Taxpayer Relief Act of 2012 (Sec. 202) which extends the Mortgage Forgiveness Debt Relief Act through December 31, 2013. Continue reading

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Tucson Real Estate : Short sales, buyer beware…

A short sale is when the list price of a home falls short of the amount owed against the home (mortgages, liens…). The property owner cannot afford to repay the full amount owned on the home and the debt holders agree to release their lien on the home and accept less than the amount owed on the debt.
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