“Most consumers are well aware that after a short sale the homeowner will receive a 1099, the cancellation of debt. The reason for this 1099 is..."
Blaine, MN. (PRWEB) October 09, 2012
Kris Lindahl, an experienced Bank of America short sale agent, just released a new national short sale calculator website. “I have been creating and releasing online resources and tools, to help people with their short sale,” Kris Lindahl explains, and continues, “Because of the complexity of the short sale process, and the fact that different banks handle the short sale process in different ways and have different requirements, people are searching for short sale information and help.”
“The new short sale calculator website that can be used by visiting Short-Sale-Calculator.com will provide the short sale information that people are looking for,” the experienced Bank of America short sale agent Kris Lindahl says, then adds “Plus people can use the state of the art short sale calculator to determine their short sale eligibility. The results of their short sale eligibility also come with the ability to talk with an experienced member of the Kris Lindahl Short Sale Team, which many people take advantage of, so they can get personal help with their short sale questions.”
Brad wrote about the short sale information and help that Kris Lindahl provided, ““Our family was faced with a tough decision – short sale or let the home go to foreclosure. What we learned is, there could be financial obligations to the mortgages after the foreclosure. We were told different things, and I am so glad that we called Kris Lindahl at Edina Realty to find out more information about the short sale process.”
“Most consumers are well aware that after a short sale the homeowner will receive a 1099, the cancellation of debt. The reason for this 1099 is, because the bank needs to record their loss, “Kris Lindahl explains, then continues “This doesn’t always mean that the homeowner has to pay tax on that amount. Did you know that most homeowners do not pay income tax on that amount? Have you heard of the Mortgage Debt Relief Act of 2007?”
“The Mortgage Debt Relief Act of 2007 is set to expire at the end of December, so time is running out to get your short sale completed, “Kris Lindahl, the experienced Bank of America short sale agent explains.