- MacIntyre & Cowen - RE/MAX Real Estate Professionals - Grand River. Lansing MI
- I am confident that you will find the service and expertise you require in my team and me as your representation. Our track record of buying and selling homes is a testimony of my team’s success in navigating through many of the most difficult circumstances in the real estate industry. You need someone who can guarantee you results and who understands both the real estate market and the financing programs that are available in our market. I think of my team as “Solution Specialists” and we are known as experts in identifying different options and getting results. With today’s economy, you need an expert to buy or sell a home and that is what the MacIntyre & Cowen Team offers: service, knowledge, and experience. http://www.pmachomes.com 517.999.2675
January 3, 2013
AMERICAN TAX PAY RELIEF ACT SAVES SHORT SALE SELLERS FROM TAX REPRECUSSIONS IN 2013!
517-999-2675 - Call now for immediate assistance.
Last night, the house passed the 2013 American Tax Payer Relief Act. In Section 202, the bill calls for the Mortgage Debt Relief Act from the Bush era be extended until 1/1/2014.
Thank goodness for any home owner who is underwater and needs to sell their home. There should be NO tax implication of a cancelled debt on primary residences.
Home owners facing difficult situations are forced to either walk away from their “promise” or foreclose on the property or to work out a short sale. The Mortgage Debt Forgiveness Act offers homeowners the dignified solution out of their home. In a short sale, they are able to negotiate terms for a “short” payoff. We know have, with the extension, an additional tax relief as the deficiency cannot be held against them as taxable.
MacIntyre & Cowen has done hundreds of short sales since 2006 and is very well versed in the process. You can call on us with questions as your area Short Sale specialist. We have attorneys and tax professionals at your disposable, available to speak to you as well.
Peter MacIntyre with RE/MAX Grand River is one of the top real estate agents in the Midwest, a consistent Top Producer, always within the top 5 at RE/MAX of Michigan. Peter and the Peter MacIntyre Home Selling Team sold 290 homes in 2012.