Calum MacKenzie's Articles - Real Estate Article Directory

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Calum MacKenzie's Articles

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It's the Right Time for the First Time It might be the single most common question a realtor hears - is this a good time to buy a house? While the answer depends on your personal circumstances, there are certainly times and circumstances that make "yes!" the right answer for most people. If you're a first time home buyer, this is one of those times. What's bad news for home sellers has created an excellent market for anyone who is in the market for a home. What the Mortgage Forgiveness Debt Relief Act Means For You On December 20, President Bush signed a law that is meant to help homeowners who are facing foreclosure or who sell their homes in a short sale. Before this law, the Mortgage Forgiveness Debt Relief Act of 2007, if your bank or lender forgave a portion of your mortgage debt because the value of your home had decreased, the IRS treated the forgiveness as taxable income.

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