How the fiscal cliff deal affects Cincinnati Homeowners…

How the fiscal cliff deal affects Cincinnati Homeowners…

Happy New Year and Happy Fiscal Cliff Agreement Day! So now that a new deal is approved keeping us from falling off the fiscal cliff, the next step is to figure out how the new agreement will affect the typical Cincinnati home owner.

Several changes were made on an income tax level and several previous rules that benefited homeowner’s and especially those going through a hardship will remain in place for another year. Below is a great article that touches on the benefits of doing a short sale, how you can still protect your capital gains, and the mortgage interest deduction will be around for another year!

http://www.housingwire.com/news/2013/01/02/mortgage-industry-fares-well-fiscal-cliff-deal-debt-forgiveness-law-survives

brett@treorealtors.com
brett@treorealtors.com
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