201412.30
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Short sale tax break signed into law

No wonder our legislators and President are suffering such low approval ratings right now – with just 2 days to spare, they have finally re-enacted the Mortgage Debt Forgiveness Relief provisions which keep Short Selling home occupants from facing stiff taxes on phantom income.    Unfortunately, 2015 is upon us and once again the collection of…

201407.14
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Status of Mortgage Debt Relief Act

Still no news as of this post on the resurrection and extension of the Mortgage Debt Relief Act passed by President Bush in the final days of his administration.   A proposed bill cleared the Senate subcommittee on finance several months ago but it has not made progress through the full Senate or House yet.  President…