Continued...Mortgage Debt Relief ACT extended (extended mortgage cancellation relief for home owners or sellers who have a portion of their mortgage debt forgiven by their lender, typically in a short sale or foreclosure sale for sellers and in a modification for owners. Without the extension, any debt forgiven would be taxable, which for underwater households, represents a financial burden).
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Continued...Mortgage Debt Relief ACT extended (extended mortgage cancellation relief for home owners or sellers who have a portion of their mortgage debt forgiven by their lender, typically in a short sale or foreclosure sale for sellers and in a modification for owners. Without the extension, any debt forgiven would be taxable, which for underwater households, represents a financial burden).
