Time is running out for homeowners to short sale their home and avoid taxes!
Once expired you will need to pay taxes on forgiven debt.For example if you owe $250,000 on your loan and your lender agrees to a $200,000 sales price, the $50,000 that is being forgiven would need to be counted as income on your tax return.
YOU WOULD THEN BE PAYING TAXES ON $50,000! click here to learn more
