benefits short sale: Proposed Extension on Mortgage Debt Forgiveness (Short Sales)
- 02/23/12 12:42 AM
This is a "no-brainer" if you ask me! It would have a very positive impact on those who complete a short sale on their mortgage. It keeps homeowners from having to pay income tax on the debt forgiven by their lender. This Act has been quite beneficial for those we've helped close short sales for over past few years. Obama Proposes Extending Tax Waiver on Mortgage Debt Forgiveness 02/15/2012 By: Krista Franks Brock, DS News.com Obama’s FY2013 budget proposal includes an extension of the Mortgage Forgiveness Debt Relief Act of 2007. The Act ensures that homeowners who received principal … (2 comments)
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