Mortgage Debt Relief Act Extended Through 2018 – Finally!
February 10, 2018
For a brief history of the multiple extensions of the The Mortgage Debt Relief Act of 2007 (“the Act”), go to my June 2017 post here.
For a brief history of the multiple extensions of the The Mortgage Debt Relief Act of 2007 (“the Act”), go to my June 2017 post here.
Introduction. For most readers of my rants posts, it is no secret that I am a strong supporter of the “little guy;” the folks who
For those folks still holding their breath about whether the Mortgage Forgiveness Tax Relief Act (“the Act”) will be extended, there are strong signs that
For those folks experiencing, or about to experience, a “1099 event” resulting from a short sale, deed-in-lieu-of-foreclosure or foreclosure in 2014, these are harrowing times.
Introduction. On September 2, 2013 the online Wall Street Journal carried an article that should be of interest to thousands of folks who have weathered
The local and national real estate markets have been on the ropes for five years. The third quarter of 2007 was the statistical peak for
Introduction. After three years of counseling folks in the throes of making a distressed housing decision, I have to honestly ask myself if loan modification
“To be forewarned is to be forearmed.” The term “deficiency” arises in the context of a borrower’s default to their lender. It refers to the
If the politicians in Washington today were instead the CEOs of private industry, they’d all have been fired by now.” Anonymous [sort of] Introduction. At the
Background. In 2007 Congress passed the Mortgage Forgiveness Debt Relief Act. The gist of the law is that for those taxpayers who have had debt
