NAR Call For Action: Don’t Tax “Phantom Income” on Short Sales Congress has begun its “Lame Duck” session with a big list of unfinished business items. Number one on that list for Realtors is an extension of “The Mortgage Forgiveness Tax Relief Act.” Today’s housing market is finally recovering. However, there are still too many homeowners unable to meet their mortgage obligations. This bipartisan legislation would extend an expired provision that has helped millions of distressed American families by allowing tax relief for homeowners when lenders forgive some portion of the mortgage debt they owe. Click below to take action on this important issue. You’ll be asked to send one message to your member of Congress and another to your U.S. Senator. Thank you. bit.ly/mortgagedebtforgiveness
Posted on: Thu, 13 Nov 2014 00:19:14 +0000
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