UPDATE: Is the Department of Revenue Looking to Stick it to Sellers?

Written by: rebecca and filed Under Blog, Sellers |

Great news!

The Washington Association of Realtors was successful in meeting with the Washington State Department of Revenue. The meeting was to encourage the DOR to reconsider its position on Real Estate Excise Tax on short sales. As promised I am keeping you posted on the outcome of that meeting.

The Washington Association of Realtors notified its members of the professional organization today, that their efforts were successful and that the DOR no longer is looking to collect Real Estate Excise Tax on the debt that is forgiven by a lender in a short sale.

This is great news for sellers who are already in a difficult situation.