As the Mortgage Debt Relief Act expires, distressed Mohave County Real Estate owners are running out of time
The Executive Team – Gary Lott & Billie Hiser urge Mohave County real estate owners to seek alternatives to Foreclosure
Distressed homeowners in Mohave County will soon no longer be able to take advantage Mortgage Debt Relief Act. The law, enacted in 2007, helps distressed real estate owners by relieving them of additional tax responsibility that often accompanies cancelled or forgiven debt.
“For many homeowners, even if the bank agreed to cancel or lessen their debt, they were unable to afford the extra taxes that they owed” says Gary Lott from The Executive Team at Realty Executives Mohave. “In many cases, the additional taxes would equal tens of thousands of dollars. It was like trading one unmanageable debt for another,” Lott added. “Homeowners go to bed every night feeling like the scales are tipped against them,” Billie Hiser added. Hiser is the other half of The Executive Team at Realty Executives Mohave
The Mortgage Debt Relief Act has provided opportunity for millions of distressed homeowners in Mohave County and across the nation to take advantage of short sales or loan modifications without worrying how these actions will affect their future finances. The law is set to expire and time is running short for homeowners with unaffordable mortgage to take advantage of its benefits.
Both Lott and Hiser are Certified Distressed Property Experts (CDPE) and certified by NAR as Short Sale Foreclosure Resource (SFR). As a Certified Distressed Property Expert (CDPE), Lott and Hiser are both knowledgeable of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help financially strapped homeowners regain peace of mind and a sense of stability for the future.
The Executive Team has developed a free report entitled “Time is Running Out: How the Mortgage Debt Relief Act can save you” that is accessible from their website, www.HelpingMohaveCounty.com.
To learn more about foreclosure options visit www.HelpingMohaveCounty.com or www.TheExecutiveTeam.org.
The Executive Team – Gary Lott & Billie Hiser are a Top Producing Team at Realty Executives Mohave in Kingman, Arizona. For more information, contact Gary Lott or Billie Hiser at 928-530-3445 or at their website www.TheExecutiveTeam.org. Their newest and most popular site is their Facebook page at www.facebook.com/TheExecutiveTeam.
- Contact Information
- Gary Lott
- The Executive Team at Realty Executives Mohave
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