georgia short sales: The Mortgage Forgiveness Debt Relief Act is expiring, Are you ready? - 09/08/13 05:20 AM
The Mortgage Forgiveness Debt Relief Act was originally enacted in 2007. This Act helped out homeowners from being exempted in paying the taxes on the amount that was forgiven which was actually considered taxable income. This act was supposed to be in effect until Dec. 31, 2012 but the Congress extended it for another year and the new expiry date would be on Dec. 31, 2013.


For very obvious reason, theMortgage Forgiveness Debt Relief Acthas been such an extreme relief to homeowners considering the difficulty of the current economic situation due to the recession. It has extremely helped homeowners who … (0 comments)

 
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Nakia Brooks

Selling GA, One yard at a time!

Braselton, GA

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