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2012 and Short Sales

For all homeowners that struggle with mortgage, but can't work out loan modification with their bank. If it is happening to you and this is your primary residence- remember......by the end of this year law that was passed few years ago ( you do not get taxed on the difference between your original mortgage and what you bank nets at the time of sale)   expires, so if you are weighting pros and cons, consider this.

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