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Updated almost 13 years ago,
New real estate tax laws.. tell me what you think..
So I recently read that the real estate tax laws are changing as of Jan. 1st 2013 for those folks whos primary residence is sold through a short sale or foreclosure. They will be now be charged according to their tax bracket federal taxes on the amount that the bank forgives. Source: Hartford Courant sunday edition. Does that mean more motivated sellers for us wholesalers to avoid losing their homes through the bank process??