The National Mortgage Forgiveness Debt Relief Act was extended through December 31, 2014. Any Arizona homeowner who had a trustee sale (ie foreclosure) on their primary or investment home in 2014 might not have any taxable consequences, despite receiving a 1099 from their lender.  For example, if there was a first loan only, the home…

Please watch this space on my website for updates regarding the Arizona Real Estate market trends and any changes or updates to the Arizona  laws that could possibly affect you.

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