Underwater Home Owners in Dublin Ranch May Have More Time to Make an Important Decision.

One of the reasons Dublin Ranch homeowners are thinking seriously about short-selling their homes is because a Federal Tax benefit for underwater homes is expiring at the end of this year. The reason this is important is because, according to the IRS, if you are forgiven debt (through a short sale, or suffering a foreclosure) that’s considered income — and it’s taxable. So, picture this: you’re a family who has fallen on hard times in a bad recession. You get… read more →