Mortgage Forgiveness Debt Relief Act Extended
If you or anyone you know is considering selling a home in Southern California that may need to be a Short Sale don't wait any longer!!! Give me a Call to assist you in this very important transaction! Why miss out on what can save you money at tax time?
"The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief."
For more information on the Mortgage Forgiveness Debt Relief Act please visit the link below.