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Mortgage Forgiveness Debt Relief Act, Will it be Extended?

If the Mortgage Forgiveness Debt Relief Act is not extended many sales will be affected after the first of the year.

I presently have 2 properties on deposit that are short sales. I have already been put on notice, that if not extended, then one of these transactions is not going forward.

I am not surprised and others will make similar decisions and that is not good for folks that need to get out of their current home. It will certainly hurt many buyers as well, going forward.

Those we elected to lead in this country should certainly get failing grades for their work that they are doing – or should I say not doing.

Let me know your thoughts about this topic.

As Short-Sale Tax Break Nears End, Pressure Mounts on Homeowners

By: Kimberly Miller

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Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. Write a new post... What's up? Make an announcement, speak your mind, or sell something
James Bond May 25, 2013 at 09:16 am
Glad you're so sure about that Dave.
James Bond May 25, 2013 at 09:08 am
Glad you're so sure of that Dave,but I'm more concerned with non-family
Dave Murray May 24, 2013 at 08:03 pm
No one is going to sue anyone for using Mobile Cell Phone Spy Software simply because it is a spouseRead More or partner that uses mobile cell phone spy to spy on someone else
James Bond May 22, 2013 at 10:29 am
Is it society letting our students down,or the BOE that always looks to cut first and worry aboutRead More consequences later?