mortgage debt relief act: This Sunset is Beautiful, But Not all Sunsets Are...
- 09/27/12 03:50 AM
This Sunset is Beautiful, But Not all Sunsets Are...
When the sun sets on the Mortgage Debt Relief Act on December 31, 2012 many will regret missing the huge tax breaks. Don’t let this happen to you.When the foreclosure Crisis began in this country, millions of homeowners who found themselves in danger of losing their homes were looking for a dignified solution that could help them walk away without jeopardizing their future. The banks, which also found themselves facing the prospect of having to take back millions of homes they weren’t prepared for, eagerly sought foreclosure alternatives.These alternatives included options … (2 comments)
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mortgage debt relief act: Time is Running Out!!Take Advantage of the Mortgage Debt Relief Act
- 06/22/12 01:01 PM
Time is Running Out!! Take Advantage of the Mortgage Debt Relief ActWhat is Mortgage Debt Relief Act?Homeowner who received a principal reduction or other forms of forgiveness such as through Short Sale of their primary residences do not have to pay taxes on the amount forgiven. Without the act reduced debt through loan modifications or Short Sales would qualify as an income and homeowners would be responsible to pay taxes on the amount forgiven.Mortgage Debt Relief Act Due to Expire?Act was first introduced as a temporary relief to distressed homeowners and provided them with options to avoid foreclosure. It is set … (2 comments)
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This Sunset is Beautiful, But Not all Sunsets Are...
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