Macomb County, MI – May 22, 2012 Distressed homeowners in Macomb County, MI will soon no longer be able to take advantage Mortgage Debt Relief Act. The law, enacted in 2007, helps distressed homeowners by relieving them of additional tax responsibility that often accompanies cancelled or forgiven debt.
“For many homeowners, even if the bank agreed to cancel or lessen their debt, they were unable to afford the extra taxes that they owed” says Dolores Gaskell, CDPE, of Macomb Metro Realty, Inc. “In many cases, the additional taxes would equal tens of thousands of dollars. It was like trading one unmanageable debt for another,” Gaskell added.
The Mortgage Debt Relief Act has provided opportunity for millions of distressed homeowners in the marketplace to take advantage of short sales or loan modifications without worrying how these actions will affect their future finances. The law is set to expire and time is running short for homeowners with unaffordable mortgage to take advantage of its benefits.
As a Certified Distressed Property Expert (CDPE), Dolores Gaskell is knowledgeable of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help financially strapped homeowners regain peace of mind and a sense of stability for the future.
Dolores Gaskell has developed a free report entitled “Time is Running Out: How the Mortgage Debt Relief Act can save your home” that is accessible from her website, http://www.shortsaleinfomacomb.com. Or call Dolores at 586-438-3038 to have the report emailed to you.
Macomb Metro Realty, Inc. and Dolores Gaskell, Broker/Owner and Short Sale Specialist in Chesterfield Township, MI, serves the entire Macomb County, MI area and helps homeowners avoid foreclosure with Short Sale assistance. Also, she provides help with loan modifications and other options to avoid foreclosure. She helps homeowners who are struggling to make their payments, and can explain all the options available to them. There are no fees or upfront charges to the homeowners who are underwater and need to sell their house. Please contact Dolores at 586-438-3038 for more information.