A major tax break for homeowners who do short sales is scheduled to disappear at the end of the year. The 2007 Mortgage Forgiveness Debt Relief Act allows homeowners to short sell their home and not pay tax on the amount forgiven. It is scheduled to expire six months from now, on December 31, 2012. […]
Phoenix Real Estate Conference Highlights
The Crystal Ball Conference was held last week in Scottsdale. It includes prominent speakers from the Arizona real estate industry including over 500 Realtors, Brokers, Mortgage Brokers, and Economists. Michael Orr of the Cromford Reports was the featured speaker this year. Highlights of the Conference: · Data showing that REO (foreclosure) market is slowing down […]