With an early vote in Congress around 2 am on January 1, 2013 to avert the so-called "fiscal cliff," troubled homeowners across Indianapolis and all of the United States received especially good news.
The mortgage debt relief act of 2007 will be extended and is due to be signed by the president. Known now as HR8, the new Tax Relief Extension Act does just that; extending the previous act and allowing distressed homeowners to continue to sell their distressed properties and avoid tax hits due to discharged debt.
Contact me, Lisa Parrett, of the Indy Real Estate Experts and I'll explain to you the latest developments. Call me at 317-246-9966 or email me
Debt will also continue to be discharged without tax consequences during loan modifications or a short sale.
If you're an underwater Indianapolis or Indiana homeowner interested in modifying your loan or conducting a short sale, this is fantastic news and, of course, it applies to distressed homeowners across the U.S.
If you're an Indiana homeowner and any of these situations apply to you - or you're interested in learning more about how you can save with loan modifications or more - contact me, Lisa Parrett, of the Indy Real Estate Experts and I'll explain to you the latest developments. Call me at 317-246-9966 or email. You're under no obligation. Let's talk!