Time is Running Out: How the Mortgage Debt Relief Act can save you!

by qnicholasc 7. June 2012 07:50


Short Sale Las Vegas Melissa Chupa

Distressed homeowners in Las Vegas will soon no longer be able to take advantage of the Mortgage Debt Relief Act. The law, enacted in 2007, helps distressed homeowners 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 Melissa Chupa, Broker/Owner of Sovereign Realty. “In many cases, the additional taxes would equal tens of thousands of dollars. It was like trading one unmanageable debt for another,” Chupa added.  


The Mortgage Debt Relief Act has provided opportunity for millions of distressed homeowners in the marketplace 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.


As a short sale trainer and expert, Melissa Chupa is 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.


Melissa has developed a free report entitled “Time is Running Out: How the Mortgage Debt Relief Act can save you” that is accessible from her website, www.getcash2shortsale.com


Sovereign Realty

~Committed to Helping You Make the Right Move~

Melissa Chupa, Broker/Owner




Bank of America $30,000 Short Sale Incentive Program

by qnicholasc 18. May 2012 09:36













For a limited time Bank of America is offering distressed homeowners up to $30,000 to short sale their home. To help reduce foreclosures on its books, Bank of America will be offering this enhanced relocation program to struggling homeowners if they agree to short sale their home. Under the program qualified homeowners can receive $2,500 to $30,000 in what they call short sale relocation assistance. The amount each homeowner receives is based on the appraised value of the home and they will receive no less than $2,500. This program is proof that banks in recent months are embracing short sales and doing everything they can to entice homeowners to not foreclose.


With just 6 month left until the Debt Forgiveness Act expires this is an exciting benefit to homeowners to help them move on but you must act quickly.


If you are struggling please do not wait until it’s too late! Contact us for a confidential appointment today. With over 5 years of experience in negotiating short sales and hundreds of successfully closed short sales, we will take the time to help each homeowner evaluate the best course of foreclosure prevention for them. Contact us today and let us help you make the right move.  Melissa Chupa, Broker/Owner of Sovereign Realty (702)800-5744 or visit Foreclosure Prevention for more help.


Bank of America Leading in Short Sales

by mchupa 20. April 2012 12:36

                                                                                                                                                                                                                                                                                                             Bank of America is leading the way in short sales according to a recent article posted.  As people continue to face mortgage troubles Bank of America is becoming more accommodating and approving more short sales as an alternative to foreclosure.  We have been getting more HAFA approved short sales accepted through Bank of America than any other bank.  Bank of America is also offering their own short sale incentive program as well.  For those negotiating short sales we would love to hear how your experience has been with Bank of America recently.  Your comments are appreciated. 

If you are a struggling homeowner with Bank of America or another servicer and you would like to know your options please contact us at: 702-800-5744 or visit us at Foreclosure Alternatives.

244 more days until the Debt Forgiveness Act expires!


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