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A little birdie told me the Mortgage Debt Relief Act is being extended

By
Real Estate Broker/Owner with Metro Life Homes RS-78439 / BRE #01708344

A little birdie told me the Mortgage Debt Relief Act is being extended.

One of the higher-ups at the National Association of Realtors informed a friend of a friend of mine  that it is going to be extended.

It will either be part of the budget bill, or extended separately.

Just wanted to share the inside scoop.


 

Comments (6)

Terry McCarley
Coastal Real Estate - Cape Coral FL - Cape Coral, FL
REALTOR, SRES, CDPE - Cape Coral, FL

I hope you are right!  Keep us posted if you hear any more details.

Dec 21, 2012 12:16 AM
Peter den Boer
Atlanta Communities - Woodstock, GA
MBA,GRI, Associate Broker, Realtor

This would be a big deal. Keeping me fingers crossed!

Dec 21, 2012 12:24 AM
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

Although it seems most natural for the legislative do-nothings to remain dormant, they are likely to follow the path of least resistance if they do anything.  I'm betting that your friend's friend's contacts are correct.

Dec 21, 2012 12:30 AM
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

Oh they have to...the housing recovery would come to a dead stop. Same with the mortgage interest deduction.

Dec 21, 2012 12:45 AM
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Sounds good to me, but I will not be telling clients until the birdie gets the big wigs to publicly announce it!

Dec 21, 2012 09:46 AM
Lori Bowers
La Quinta, CA
The Lori Bowers Group

This is so important for all of us in America. Most people have suffered alot of financial challenges and this is a helpful law for people and the economy too

Dec 22, 2012 05:03 AM