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Van Law Firm Recent Posts

Short Sale Attorney
Posted by Van Law Firm November 26, 2013

Homeowners who sell their home through a short sale, get their principal balance reduced, or lose their home to a foreclosure may face tax consequences due to the cancellation of debt. However, there are ways to minimize, reduce, or avoid the tax consequences if you fall under certain categories. Basically, if you took out a mortgage for $200,000 and now the house is worth $150,000 and you short sell the […]

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