short sale income http://id-buy.com/ Is it true that you could be taxed on the sale of your home? The simple answer is yes! Rick Bennett discusses the tax implications of short sales with the looming expiration of the Debt Relief Act of 2007. Most short sales take, on average, about 6 months from beginning to end. Starting a short sale in January of 2012 will most likely take until June or July to be completed. Please send this message to anyone you know having financial difficulty, moving for employment, divorce, or any other hardship that will require them to sell their home for less than what they owe. The clock is ticking and time will run out, your outreach might save a family from financial ruin.

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