Tag Archives: fiscal cliff
Tax break for underwater homeowners
A key tax break for underwater homeowners considering short sale was extended as part of Congress’s fiscal cliff deal. The Mortgage Forgiveness Debt Relief Act, which was signed into law in 2007, exempts homeowners from having to pay federal taxes on… Continue reading
Forecast for mortgage rates
The Fed’s bond-buying extension and the “fiscal cliff” will impact mortgage rates. Continue reading
Fiscal cliff hits underwater homeowners
As the fiscal cliff looms, a crucial tax break helping underwater homeowners may get overlooked by Congress, resulting in devastating consequences. Continue reading
Posted in Mortgages
Tagged debt relief act, fiscal cliff, mortgage, Mortgages, news, tax break
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