Debt forgiveness may not be a pipe dream after all

    Thanks for reading, I am Connor Macivor with Remax’s Paris 911 team in Santa Clarita California. They were going to talk about debt forgiveness in the bill that is in front of Congress for their lame-duck session starting November 13, 2012.

    Most of our sellers, regarding short sales, really wish that this bill would continue at least for the next few years.

    As far as how much longer it’s going to continue, that is anybody’s guess. But we do know one thing for sure, without the debt forgiveness act a lot of homeowner’s are going to be in a very bad spot when it comes to 2013 taxes and getting those completed.

    The debt forgiveness act was sort of a godsend under the Bush administration back in 2007. They made it so that homeowners, that were in a distressed state, that wanted to have a short sale completed, would not have to pay taxes on the difference between the amount the home sold for and the amount they owed on their mortgage.

    One of the things that’s important when looking at anything related to a short sale is making sure that you hire the most qualified short sale real estate agent possible. So do yourself a favor, look around the Internet look around the World Wide Web and look around the different search engines when you’re searching for short sale real estate agents. Make sure that those you are hiring pack the gear to serve in the short sale negotiation world.

    Trackback from your site.

    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

    Leave a Reply

    Contact Us Now

    Any questions, comments, or feedback

    SCVnest Radio Show (listen now)