the H.R 3648 Bill should be introduced to law very soon and will greatly help those consumers that sold short on a mortage in the past year. Here is what I have found up to date:
|Bill Text:||Summaries (CRS, PVS) Full Text|
|Last Action:||Dec 18, 2007: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote.|
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This is a follow up post to show the progress of this bill as it is passed through to become a law. This will greatly help many people who are in the middle of doing a short sale or are thinking bout doing a short sale as they will no longer be responsible for the taxes on the amount of debt forgiven by the mortgage company.