Great News in 2013!

Yesterday evening, Congress reached a settlement in the on-going fiscal cliff negotiations, with a big success for real estate. The Mortgage Forgiveness Debt Relief Act has been extended for another year. As quoted from the California Association of Realtors (C.A.R.), “the measure will continue to exempt from taxation mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale, loan modification (including any principal reduction) or foreclosure”. To read the full article, please continue to the C.A.R. news release.

Good news for 2013!
Good news for 2013!
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s