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Friday, February 25, 2011

Tax Consequences of Short Sales and Foreclosures - ATX Mastermind Investment Group

More than 1 million homes were foreclosed upon by the banks last year and that number is expected to increase in 2011 as well. In fact, 2012 is projected to have more than 1 million foreclosures as well. Countless number of short sales have been performed too, causing many people to suffer. But one affect that many homeowners aren’t aware of is the tax consequences of short sales and foreclosures.

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