Mortgage Debt Relief Act Extension Information (Video)
Will the Mortgage Debt Relief Act be extended again?
Simple answer, Absolutely.
I know of NO ONE who doesn’t want the Act extended. I was told by a
very high level wired in D.C. real estate industry insider that
President Obama, the House and the Senate are ALL behind extending the
2007 Mortgage Debt Relief Act.
WORST case the Act isn’t extended by the end of the year…then what
happens? I would suggest that if for some reason the politicians can’t
get avoid the ‘Fiscal Cliff’ and the Act were to expire once an
agreement was finalized (and the extension was part of that agreement)
the tax forgiveness would be retroactive.
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