Bill Extends Tax Relief for Mortgage Debt Forgiveness, Covering Years 2015 and 2016!

On Dec. 18, 2015, the Tax Extenders Package, was on its way to the President’s desk for signing.  One of the provisions in this significant piece of legislation protects underwater homeowners from incurring a large tax bill on phantom income in connection with a work out or short-sale.  The tax extenders deal offers two years of protection covering tax years 2015 and 2016.  Since 2007, this tax relief has strengthened communities and the broader economy as more distressed homeowners were offered the flexibility to responsibly address an underwater mortgage.

Did you know that Acuity Group has successfully negotiated & closed 60+ shorts sales since the great recession?  We are experienced “Certified Distressed Property Experts”!  If you are behind on your mortgage, or financially unable to stay current on your mortgage, don't wait for a foreclosure!  Be pro-active and learn about all of the programs and lender incentives available to you!

Click HERE to schedule a free consultation to discuss your options and avoid foreclosure!

Acuity Group Real Estate Professionals

564 Dodge Ave Suite A - Elk River MN 55330

Office:  763-633-3535       www.ACGProperty.com

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 Selling Your Home and Wonder What it is Worth?  Click HERE to Schedule a Free Market Analysis   

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OUR SPECIALTIES:   Residential & Commercial Seller and Buyer Services, Property Management & Residential Rentals,  Residential and Commercial Investment Property Specialists, Listing & Marketing Specialists, CDPE (Certified Distressed Property Experts), Short Sale Specialists, REO/Bank Owned Sales.  Golf course properties, water front properties, acreage & hobby farms, vacant land, condos & townhomes, industrial/manufacturing/retail properties, association maintained properties, senior housing, luxury homes, vacation & secondary housing.

Serving the following Minneapolis Cities & Suburbs: Elk River MN, Zimmerman MN, Big Lake MN, Rogers MN, Otsego MN, St. Michael MN, Albertville MN, Princeton MN, Ramsey MN, Anoka MN, Nowthen MN, Monticello MN, Oak Grove MN, Burns Township MN, Champlin MN, Dayton MN, Hassen Township MN, Coon Rapids MN, Blaine MN, Fridley MN, St. Francis MN, Livonia Township, Andover MN, Becker MN, Baldwin Township, Orrock Township, Plymouth MN, Maple Grove MN, Osseo MN.

Serving the following Minnesota Counties:  Sherburne, Anoka, Wright, Hennepin and portions of Isanti County

 

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