Home Selling in Dumfries : Advice

change location

cancel or

Activity

4
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
How can I reverse the bad decision to sell to an investor?
It sounds like you did a "Subject To," where you deeded the property to the investor but the mortgage stayed in your name. The investor, in turn, promised to pay your mortgage and, at s ... more
1 vote Share Flag Tue Dec 16, 2014 Home Selling in Dumfries
William Carl…, Real Estate Pro in Woodbridge, CA
William Carlos Noel answered:
In a short sale is the difference in the mortgage value and loan reported as income or can it be excluded?
Hello,

December 2007 Congress approved a change in the tax law for short sales. The difference between the sold price and the amount your mortgage was forgiven, no longer counts as t ... more
0 votes Share Flag Wed Nov 26, 2008 Home Selling in Dumfries
Fred Glick, Real Estate Pro in Los Angeles, CA
Fred Glick answered:
How is a short sale reported on tax return?
If it was an owner occupied property, you are good. If it was an investment, contact an accountant based on your situation.
0 votes Share Flag Sat Nov 22, 2008 Home Selling in Dumfries
Search Advice

Followers

226
Email me when…

Learn more

Meet the Trulia VIPs
Pamella Haselton, Agent in 20110
Pamella Haselton
Agent
20110
Gina Cleveland, Agent in Woodbridge, VA
Gina Cleveland
Agent
Woodbridge, VA
Diana Watson, Agent in 22030
Diana Watson
Agent
22030
Claudia Sarmiento, Agent in 22193
Claudia Sarmiento
Agent
22193
Home > Virginia > Prince William County > Dumfries > Home Selling in Dumfries
Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer