President Bush comes through
1/8/2008 9:00:45 PM

Short Sales Forgiven? H.R. 3648 - No "Phantom Income"

Another one of the great implications that Bush has signed into law involves short sales and how they will affect property owners come tax time.  It looks like the amount of money lost in a short sale transaction will no longer be taxed as "phantom income" like before.  This means that there is realy very few if any reasons not to attempt a short sale (if the bank will approve the sale).  Before anyone goes through the foreclosure process, talk with the Ketterling Group about how this new law can help.  We are the Short Sale proffesionals.


Please send me your question you have about real estate and I will do everything I can to get you an answer and post it to my BLOG.

If you have a question please contact Rick Ketterling @ 952-210-7222