As you know congress extend the Mortgage Debt Forgiveness Relief Act also knows as MDRA. You are probably wondering whether if you short sale your home if you would owe Taxes. For many Arizona Homeowners the MDRA does not apply. That does not meant that you owe taxes it means that more people get relief of tax liability in a short sale than the MDRA covers.
The most accessible source of information on comparable sales is the public record. When someone buys a home the property is deeded from the seller to the buyer. In most circumstances, this deed is recorded at the local county recorder’s office. They combine sales data with information already known about the property so they can [...]
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