In 2011 2,169 Short Sales sold in greater Reno and Sparks.
In 2012 2,704 Short Sales sold in greater Reno and Sparks.
That is almost 5,000 of your friends and neighbors that owed more than their home was worth and have now been able to move on with their lives.
The Mortgage Forgiveness Debt Relief Act of 2007 treats any debt forgiven on principal residences as non-taxable. This Act has been extended until December 31, 2013.
If qualified for a HAFA Short Sale, a homeowner may be eligible for up to $3,000 towards relocation costs.
Use this mortgage calculator to estimate total monthly payments for a home purchase. Also displays the total amount due and the total interest paid over the life of the loan. Get this Widget Additional options