fiscal cliff: 2013 Real Estate Related Laws Every Homeowner Should Know
- 01/02/13 10:42 PM
To avoid the Fiscal Cliff, the FED has done what they need to whether we like it or not. Here is what it means to Real Estate and Homeowners. The President is Expected to Sign these Back Into Law. • Mortgage Forgiveness Debt Relief Act extended to January 1, 2014. In place since 2007, the act provided a tax break for homeowners who struggled through financial hardship such as a foreclosure, and were granted mortgage debt forgiveness • Deduction for mortgage insurance premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012.• The 15-year straight-line … (9 comments)
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To avoid the Fiscal Cliff, the FED has done what they need to whether we like it or not. Here is what it means to Real Estate and Homeowners. The President is Expected to Sign these Back Into Law.
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