Showing posts with label Forgiveness of Income. Show all posts
Showing posts with label Forgiveness of Income. Show all posts

Monday, March 17, 2014

MORTGAGE FORECLOSURE - THE CURRENT DOWNSIDE OF A SHORT SALE AND LOAN MODIFICATION REDUCTION

A reminder that the federal Mortgage Forgiveness Debt Relief Act of 2007 was allowed to expire December 31, 2013 and the effect on short sales and loan modifications that involve reductions:

NY TIMES - Welcome Relief for Homeowners, Until the Tax Bill Arrives