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Short Sale Category

Mortgage Debt Relief Act Extension

Good news for homeowners who are struggling to make their mortgage payments.  Congress saw it fit, as part of the "fiscal cliff" deal,  to extend the Mortgage Debt Relief Act which was originally enacted in 2007.  This legislation provides necessary tax relief for homeowners attempting a short sale. If you are not familiar with a short sale, it is an option for homeowners who owe more on their mortgage than the fair market value of the property and who have encountered a...Continue Reading!