NAR Call for Action: Do No Harm to Housing
If you are o.k. with having the real estate mortgage deduction (MID) reduced or eliminated, you can ignore the post below by Kathleen Daniels, a San Jose Realtor. On the other hand, if you feel potential pain because of the increase in your income tax and the potential diminution in the value of your house that might be caused by a change in the MID, read on.
NAR Call for Action: Do No Harm to Housing
As we patiently wait to see if the Mortgage Debt Relief Act will be extended we are now hearing reports about the "Fiscal Cliff." There is speculation that the mortgage interest deduction on income taxes may be part of the "Fiscal Cliff" deal. In other words, eliminating it!
The National Association of Realtors is calling for Realtors to voice their opinion on the matter by sending a message to our Senators and Members of Congress and let them know we are watching to see who stands with us.
NAR will continue to be vigilant and oppose any plan to exclude or modify the ability to deduct mortgage interest as it is vital to the stability of the economy and the housing market.
If you have not already done so, please participate in NAR's Call for Action. It is super easy and will only take 3 minutes or less. NAR has done all the work for us. All we need to do is participate.
I also recommend that we tweet this and post on our Facebook pages as well.
Thank you!
NAR Call for Action: Do No Harm to Housing - by Kathleen Daniels, San Jose Short Sale Agent - San Jose Homes for Sale
Kathleen Daniels, Broker-Owner of KD Realty, Short Sale Agent, Certified HAFA Specialist (CHS), Certified Distressed Property Expert (CDPE), Certified Short Sale Negotiator (CSSN), and REO Default Certified Professional (RDCPro), serving San Jose and surrounding San Jose Communities in Silicon Valley.
DRE# 01366594
San Jose Homes for Sale | San Jose Short Sale Agents
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