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Website explains the Tax Consequences of foreclosure and short sales.
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Houserefinancecenter.com offers tips, advice and news on refinancing a home loan. The company reminds homeowners that they could end up having to pay personal income taxes when they lose their homes to foreclosure or to a short sale.
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(FV Newswire) March 08, 2010 -- Not many things are worse than losing your house. However, many people are not aware
that there could be a large tax bill to pay after the house is long gone.
Are you protected by the Mortgage Forgiveness Debt Relief Act?
Is your home loan a non-recourse loan?
"Homeowners are in a fog after they lose their homes. They are totally surprised when they are told that there could be serious income tax consequences after the deal is done.' said Pat Wilson of House Refinance Center.
Houserefinancecenter.com was launched to help the thousands of homeowners across the U.S.stay informed about mortgage rates, terms and the various options that are available to them.
Thanks to the research and efforts of Houserefinancecenter.com visitors to the site can find information on FICO scores, short sales, foreclosures and government assisted mortgage programs. They can also crunch numbers with the online financial calculators, prepare a budget and see how making extra payments on a mortgage can shorten the length of the mortgage and save thousands of dollars.
Houserefinancecenter.com would like to encourage visitors to the site to ask question and give their feedback and share their experience with friends.
Contact information:
Laura Morton
Houserefinancecenter.com
info@houserefinancecenter.com
Arlington, Texas 76017
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Tags:
short sale, foreclosure, refinance, home loan, refinance mortgage
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