The North Shore - Barrington Association of REALTORS® would like to wish everyone a safe and happy holiday season. The NSBAR office will have a half day on Dec. 45 and will be closed on Dec. 25 and 26.
Income tax exemption on mortgage debt forgiven in a short sale or a workout for principal residences expired at the end of 2013. Without immediate action by Congress, distressed homeowners will have to pay tax on “phantom income” from forgiven debt.
As a NSBAR member benefit, if you’re a current SentriLock subscriber you can now download and use the SentriSmart app for free. This app allows users to open lockboxes with a smart phone or tablet, get instant feedback and more.