When you sell a principal residence as a short sale, the entire gain may be federal-income-tax-free thanks to a convenient IRS gain exclusion . . . see this short video for more information
Call Fernando Herboso @ 240-426-5754 if you even considering a short sale on your upside down mortgage. . preparation by an expert could be the difference bettwen success and failure
Fernando Herboso
Short Sales Broker for MD, DC and VA
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