If you are in jeopardy of loosing your primary home, you need an agent that understands the "Short-Sale" process and foreclosure process. If you have already lost your home to foreclosure, there is some good news for you too.
This post is to inform the many that still do not know that Mortgage Debt Cancellation Relief-HR 3648 passed.
What this means is that primary residents that may have previously received a 1099 for a shortage in a payoff on a sale, will not have to worry for any sale of a primary residence or foreclosure that takes place between January 1st 2007 and December 31st 2009.
Fore more specific details, you may contact your agent or attorney.
