According to RealtyTrac the number of foreclosures statewide for November is down 21 percent from October. Mortgage rates are down 1/8th. The National Home Builders Association continues to puzzle the us as November housing starts and building permits are 50 percent higher than sales levels.
The President, December 20th, signed into law a tax break for homeowners who have mortgage debt forgiven. For details on this check out http://www.govtrack.us/congress/bill.xpd?bill=h110-3648. If you are in a foreclosure or short sale situation please continue to speak to your CPA on tax implications and how this new law mill affect you.
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