Although we are waiting for Obama to sign this legislation into law, Congress has extended the mortgage debt relief provision for one more year on a principal residence.
This would allow distressed homeowners another option besides Foreclosure for at
least one more year.
Short sales are not for everyone, but a foreclosure is not the only option either.
If you or someone you know is contemplating a short sale or foreclosure, give me a call today so we can discuss your options!