Orlando Short Sale NOW, Before Mortgage Debt Forgiveness Law Expires

Orlando Short Sale NOW, Before Mortgage Debt Forgiveness Law Expires

A law that helps Orlando homeowners avoid taxes on the short sale of their home is scheduled to expire at the end of this year. A short sale is one of the best non-bankruptcy alternatives for the many Orlando homeowners who are in financial distress due to having an underwater home. In a short sale transaction, the home is sold and the bank that holds the mortgage agrees to accept payment for less than the mortgage loan balance. An Orlando short sale allows the homeowner to transfer title, avoid foreclosure, and eliminate their mortgage debt.        Continue Reading

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