irs: Mortgage Forgiveness Debt Relief Act of 2007 - 02/23/11 08:17 PM
I have attempted to write a blog about this for a long time....for one thing, it is a long and difficult subject.  It is also frequently misinterpreted and misunderstood.  The MFDRA of 2007 was signed into law by President Bush (for whatever reason many seem to want to give credit to Obama for this...but it was 2007)!!! It was a response to the rapidly rising foreclosure crisis that was perceived to be the result of subprime loans.  
One interesting provision of the Act is that it does NOT exlcude from forgiveness of debt consideration HELOC or equity loans unless they … (2 comments)

 
Paddy Deighan MBA JD PhD, Paddy Deighan J.D. Ph.D (http://www.medicalandspaconsulting.com)

Paddy Deighan MBA JD PhD

Paddy Deighan J.D. Ph.D

Vail, CO

More about me…

http://www.medicalandspaconsulting.com

Address: 770, Potato Patch Dr, Vail, COLORADO, 81657

Office: (877) 557-9669

Mobile: (949) 701-2192

Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement

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