how to stop foreclosure: Short Sales and Mortgage Debt Forgiveness
- 02/04/13 02:19 PM
The Mortgage Debt Forgiveness Act has been extended. This will help distressed homeowners who are thinking of doing a short sale. This may be a good option for you. Both CAR and NAR have worked tirelessly to help keep this option for the public. See the latest news from CAR below: ►C.A.R. SPONSORS MORTGAGE DEBT TAX RELIEF BILL Short sales have become an increasingly important alternative to foreclosure for distressed homeowners. Unfortunately, in the past, federal and state law has viewed the debt forgiven by a lender as income and has taxed it at typical rates. In recent years, C.A.R. and NAR … (0 comments)
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The Mortgage Debt Forgiveness Act has been extended. This will help distressed homeowners who are thinking of doing a short sale. This may be a good option for you. Both CAR and NAR have worked tirelessly to help keep this option for the public. See the latest news from CAR below:
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