UPDATE: As expected, Congress extended the mortgage debt forgiveness tax provision for one year, removing a roadblock for short sales. H/T Nick Timiraos
One-year extension of tax free mortgage debt forgiveness in fiscal cliff bill (Senate Amendment to HR8) last night. See section 202. Also, see section 204 re. extension of mortgage insurance premiums treated as qualified residence interest (retroactively from 12/31/11 through 12/31/13.
[ipaper docId=118615265 access_key=key-1dw1s5bqjzzy8hc73st9 height=600 width=600 /]
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.