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Home Stretch: An “Insider’s” Perspective 26 Aug 2013 | 05:00 pm
This post is a guest post by Laura Grevas, Program Coordinator for the Minnesota Homeownership Center. _______________________________ Before I began working at the Minnesota Homeownership Center, I...
Minnesota Foreclosure Activity Continues to Plummet 15 Aug 2013 | 06:18 pm
Sheriff’s Sales drop to less than 7,000 in the first half of 2013 Click to Enlarge From the Minnesota Homeownership Center's most recent press release: -- During the first half of 2013 the number o...
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Mortgage Debt Forgiveness and Cancellation of Debt m-t-associates.com 19 Apr 2012 | 07:57 am
Generally cancelled debt, which is reported on IRS form 1099 C is taxable. An exception does exist to homeowners whose mortgage debt was forgiven between the tax years of 2007 and 2012. Under the Mo...
Reprieve for Las Vegas Home Owners: Mortgage Debt Forgiveness Act Extended until Jan 1, 2014 senasellsvegas.com 3 Jan 2013 | 11:41 pm
Las Vegas home owners of primary residences who were facing foreclosure in 2013 would have faced serious tax consequences without this extension. The original Debt Forgiveness Act of 2007 signed by Pr...
Rising Concern in Modesto About Loss of Mortgage Debt Relief modestobankruptcylawyerblog.com 17 Sep 2012 | 06:02 pm
The impending expiration of the Mortgage Forgiveness Debt Relief Act has economists and underwater homeowners concerned about a future with enormous tax bills that people can ill afford. Modesto Chap...
RE MORTGAGE DEBT, STUDENT LOANS, CREDIT CARD IRS FORGIVENES... OR NOT bocagreenshomesforsale.blogspot.com 31 Oct 2012 | 05:52 pm
Topic Summary: Five years ago, at the start of the housing crisis, Congress passed a law called the Mortgage Forgiveness Debt Relief Act. The MFDRA would prevent homeowners from paying tax on the am...
Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives | HousingWire thetitlebiz.blogspot.com 2 Jan 2013 | 08:14 pm
The mortgage industry can breath a sigh of relief with the final fiscal cliff deal bringing back a popular tax break on mortgage insurance premiums and debt forgiveness for borrowers who go through a ...
Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives | HousingWire titlecredits.typepad.com 2 Jan 2013 | 08:14 pm
The mortgage industry can breath a sigh of relief with the final fiscal cliff deal bringing back a popular tax break on mortgage insurance premiums and debt forgiveness for borrowers who go through a ...
Mortgage Debt Relief Act of 2007 Now Extended tomdunlap.com 3 Jan 2013 | 03:22 am
For the past several weeks, affluent but “underwater” homeowners have been anxiously awaiting news of an extension of the Mortgage Forgiveness Debt Relief Act of 2007. Without the extension, homeowne...
Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives | HousingWire titlecredits.typepad.com 2 Jan 2013 | 08:14 pm
The mortgage industry can breath a sigh of relief with the final fiscal cliff deal bringing back a popular tax break on mortgage insurance premiums and debt forgiveness for borrowers who go through a ...
Knock out news! keyrose.com 23 Nov 2011 | 06:10 am
The Mortgage Forgiveness Debt Relief Act and Debt Cancellation Source: irs.gov website If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable. The...
December 12 – and no action yet on extension of the Mortgage Forgiveness Debt Relief Act of 2007 tomdunlap.com 13 Dec 2012 | 04:50 am
Will the Mortgage Forgiveness Debt Relief Act of 2007 be Extended? Right now, it’s anybody’s guess – but it doesn’t look like it will happen before Congress adjourns for Christmas. Of course they do h...
