Linda Craft & Team, REALTORS Commentary:
As housing market improves, distressed homeowners in the Greater Triangle-area in danger of being left behind
Distressed homeowners in the greater Triangle area will soon no longer be able to take advantage Mortgage Forgiveness Debt Relief Act. The law, enacted in 2007, helps distressed homeowners by relieving them of additional tax responsibility that often accompanies cancelled or forgiven debt.
“The act expires at the end of 2013,” said Linda Craft, CEO of Linda Craft & Team, REALTORS® & Certified Distressed Property Expert (CDPE), “Some of the solutions available to homeowners can take months to complete. For homeowners to take advantage of the act before the end of the year, they have to start today.”
The Mortgage Forgiveness Debt Relief Act has provided opportunity for millions of distressed homeowners in the marketplace to take advantage of short sales or loan modifications without worrying how these actions will affect their future finances. The law is set to expire and time is running short for homeowners with unaffordable mortgage to take advantage of its benefits.
As a Certified Distressed Property Expert® (CDPE), Linda Craft is knowledgeable of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help financially strapped homeowners regain peace of mind and a sense of stability for the future.
Linda has developed a free report entitled “Don’t Let Your Short Sale Leave You Taxed”. The report is accessible from her website, http://www.raleighrealestateforeclosures.com at: http://www.raleighrealestateforeclosures.com/Dont-Let-Your-Short-Sale-Leave-You-Taxed.aspx
Linda Craft & Team, REALTORS® is a Triangle-area based, local residential real estate firm whose team mission and focus is raving fan customer service to deliver a smooth sales process. The team is the NHL Carolina Hurricanes Corporate Real Estate Sponsor. More than 6,000 families have chosen Linda Craft & Team, REALTORS® with their largest asset, their homes.
For more information or to schedule an appointment with Linda Craft & Team, REALTORS®, please call 919-235-6300 or visit www.lindacraft.com
For more information about the CDPE Designation, visit www.CDPE.com.