Mortgage Forgiveness Debt Relief Act Extended Through 2013

Mortgage Forgiveness Debt Relief Act Extended Through 2013

As we postulated in an earlier post, the provisions of mortgage debt forgiveness contained in the Mortgage Forgiveness Debt Relief Act of 2007, were extended through January 1, 2014.  The extension will exempt from taxation mortgage debt that is forgiven in a loan modification, short sale or foreclosure.

See Section 202 of the American Taxpayer Relief Act of 2012 (H.R. 8 )


Mortgage Forgiveness Debt Relief Act Will Likely Be Extended
CA Senate Sees the Light and Delinks Mortgage Debt Relief Bill (SB 30) from California Homes and Jobs Act (SB 391)
California Has Record $5 Billion In Foreclosure Sales In October

Start discovering new opportunities using public records data today.

Try It Free Schedule Demo