Florida Attorney General Pam Bondi and 43 state attorneys general nationwide are calling on Congress to extend the Mortgage Debt Relief Act, which prevents homeowners from being taxed on the amount of money lenders forgive in a short sale or foreclosure.

The law, passed in 2007, is set to expire on Dec. 31. Unless it's extended, homeowners who complete short sales or foreclosures on primary residences next year and beyond face potentially large tax bills from the Internal Revenue Service.

“We are urging Congress to protect distressed homeowners who qualify for mortgage relief from encountering an unexpected tax bill from the IRS,” Bondi said in a statement. “This tax relief is critical in helping Floridians keep their homes and get back on their feet.”

Many housing analysts expect the law to be extended now that the presidential election is over, but it's unclear when lawmakers would take any action.

 

Donations needed for Thanksgiving Baskets by November 2
09/11/2012
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Donations needed for Thanksgiving Baskets by November 2 The City’s annual Thanks For Giving event that relies on community help to donate items for Thanksgiving baskets that go to families in need. Residents and… more
2011-2012 Double "A" School North Broward Academy of Excellence
09/11/2012
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2011-2012 Double "A " School North Broward Academy of Excellence Welcome to North Broward Academy of Excellence located in North Lauderdale, Florida. We are a tuition-free public charter school serving students in grades K through 8. <! --For… more
2012 Parkland Dash 5K 10K & 1 Mile Run/Walk
09/11/2012
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2012 Parkland Dash 5K 10K & 1 Mile Run/Walk To Benefit The Tri County Humane Society Sunday, October 14, 2012 7:00AM at Pine Trails Park 10555 Trails End The City of Parkland will be holding the 2012 Parkland Dash 5K, 10K and 1 Mile… more
City of Parkland Official Facebook Page To Go Live In September
09/11/2012
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City of Parkland Official Facebook Page To Go Live On September 10, 2012 The City of Parkland is proud to announce that beginning on September 10th, 2012, residents and visitors will be able to find Parkland on Facebook. Information on City… more
City Commission will conduct public hearings on the 2012-2013 Budget
09/11/2012
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The City of Parkland City Commission will conduct two public hearings on the 2012-2013 Budget The City of Parkland City Commission will conduct two public hearings in September on the 2012-2013 Fiscal Year budget recommended by City Manager… more
Two win scholarships from Margate and Waste Management
09/11/2012
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Kaitlin Smith-Norman, a senior nursing student at Florida Atlantic University and Michael Trotman, a freshman computer science major at University of Central Florida each won $2, 500 in a partnership between garbage hauler Waste Management… more
Private insurers considering 150, 000 Citizens policies
09/11/2012
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Four private insurers have been approved to take over 150, 000 policies from state-run Citizens Property Insurance Corp., regulators said Thursday. Citizens customers will be notified Oct. 1 if their policies have been selected. Policyholders… more
School starting wireless classrooms
09/09/2012
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School starting wireless classrooms Creek school using wireless projectors, iPads and laptops Jared Bovinet is at the back of the classroom, using apps on his iPad. But he's not a distracted student; he's the teacher… more
Money ranks Coral Springs in top 100 Best Places to Live
09/09/2012
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Money ranks Coral Springs in top 100 Best Places to Live Money magazine published an article naming the 100 Best Places to Live across the nation; Coral Springs is ranked third in Florida and 94th on the overall list. This is the fourth year… more
 
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Joelle Embres Re/Max Professionals

Parkland, FL

More about me…

jsellhomes@live.com

Address: Re/Max Professionals, 9615 Westview Drive, Coral Springs, FL, 33076

Office Phone: (954) 254-2054

Cell Phone: (954) 254-2054

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