mortgage forgiveness debt relief act: Mortgage Forgiveness Debt Relief Act has been Extended! Wellington FL
- 01/05/13 10:07 AM
Mortgage Forgiveness Debt Relief Act has been Extended!
The Mortgage Forgiveness Debt Relief Act has been extended another year until January 1st, 2014! For those unfamiliar with the Mortgage Forgiveness Debt Relief Act it is a provision that prevents homeowners from having to pay income taxes on the portion of their mortgage that is forgiven in a short sale, principal reduction or foreclosure. This is great news for Wellington homeowners who need to do a short sale.
If you are considering short selling your Wellington home contact us today! To learn more about Wellington short sales visit: Wellington Short Sale Q & A
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Mortgage Forgiveness Debt Relief Act has been Extended!
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