Friday, April 22, 2011

What to expect when selling home at a loss

Here is a very interesting article by Tom Kelly. He explains what to expect from a short-sale. He also explains that there is no way of claiming a capital loss from money lost in an investment on your primary home. Another thing he talks about is loan fee deductions; apparently you cannot deduct loan fees if you are refinancing to obtain a lower interest rate. Take a look at the article:

No comments: