Attention - Citizens and Home owners - Please read and take action immediately. This is not spam - please read. As a licensed Real Estate Broker, I urge you to take action - 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. 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. Todays housing market is finally recovering. However, there are still too many homeowners unable to meet their mortgage obligations. Estimates show that about 5.3 million homes are still under water. In addition, there are still more than 1 million homes in the process of foreclosure. If The Mortgage Forgiveness Tax Relief Act is not enacted, hundreds of thousands of American families who did the right thing by short-selling their home or received a much needed loan reduction from their lender will have to pay income tax on phantom income. Urge your Member of Congress and Senators to act on The Mortgage Forgiveness Tax Relief Act before the end of 2014 and help provide certainty for struggling homeowners and stability for our nations housing markets. Go to this link and tell them to get this enacted. If your representatives do not do the job we elected them to do, FIRE THEM in the next election. Lets take back America!!!! house.gov/representatives/find/
Posted on: Wed, 12 Nov 2014 13:41:13 +0000
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