Homeowners: The Mortgage Tax Relief Act …eliminating mortgage debt forgiveness expires Dec. 31, 2012.
January 31, 2012 by admin · Leave a Comment
If you’re in a situation where you owe more than your home is worth it might be time to act. Currently the tax-relief act allows homeowners to exclude from income (for the sake of tax purposes) primary mortgage debt (1st trust deed) forgiven by their lender.(i.e short sale, short refi , foreclosure or deed in [...]
