All Posts tagged foreclosures

The Debt Forgiveness that people with Foreclosures and Short Sales on their Primary and investment proerties have been enjoying since 2007 expires the end of 2012.  What’s going to happen?  It’s an unknown.  It would seem that the Debt Forgiveness would be extended since it is one of the primary reasons that people have been able to re-organize and get back on their feet.

But..there is NOTHING logical about the Lenders I we know all too well from working Short Sales for the pasat 4, almost 5 years.  If they see that it will affect their own bottom lines, I suspect it will be extended.  In the mean time, be sure you get your Short Sales closed by 12/31 of this year.