Mortgage Debt Relief Act Expires January 2014

John Stallings Negotiations , Real Estate , Seller Services , Transaction Process , Trends Leave a Comment

  The Mortgage Forgiveness Debt Relief Act Has Been Extended Until January 2014! This has been much anticipated and will help many sellers avoid taxes on the forgiven debt related to a Short Sale. The Mortgage Debt Relief Act has been extended through January 2014. In the past, the borrower was subject to being taxed like regular income on the …