http://www.youtube.com/watch?v=p-qnQVBPksY Congress finally came to a legislative deal with the fiscal cliff. For real estate there are 3 things for us. The Home Mortgage Interest Deduction was saved, the Mortgage Forgiveness Debt Relief Act of 2007 was extended and Private Mortgage Insurance (PMI) is still deductible. For a seller doing a short sale this would have be a taxable gain and meant a tax bill of approximately $33,000 for the average short sale. Avoiding Foreclosure and Short Sales: http://www.resg.info/sellers/short-sale-pre-foreclosure/ Search for Seattle Homes: http://www.EastsideHomesSeattle.com/ Facebook: http://www.facebook.com/RealEstateSolutionsGroup Twitter: https://twitter.com/AntonStetner
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