Little Egg Harbor Short Sale Sellers Now Is the Time - Take Control
Along with the many bills signed into law this week, the federal government has extended for one year the Mortgage Debt Forgiveness Act.
So if you sell your Little Egg Harbor home (primary residence) for less than you owe, you can take advantage of the tax amnesty on mortgage principle forgiven. But you must close before January 1, 2014.
What that means for Little Egg Harbor homeowners who need to sell and sell short, now is the time to act.
Short sales are not short! I've closed Little Egg Harbor short sales in as little as three months, but another took almost a year. That doesn't leave you much leeway.
If you want to take advantage of the extended tax amnesty under the Mortgage Debt Forgiveness Act and live in Manahawkin, Barnegat, Tuckerton, Eagleswood or Waretown contact Little Egg Harbor REALTOR® Laura Giannotta, with a record of successful short sale closings, at 609-384-6121.
This extension is a significant aid to homeowners who need to sell short. However, you should discuss your options with a tax professional to confirm or clarify what impact this has on you.
Don't delay...Little Egg Harbor Short Sale Sellers Now Is the Time - Take Control