Is the Mortgage Debt Relief Act Safe? Expert Home Solutions Thinks Not
The Mortgage Debt Relief Act passed in 2007 is scheduled to expire December 2012. Many think that’s plenty of time to complete a loan mod or short sale. Expert Home Solutions says think again. Loan modifications often take a year. San Diego, CA (PRWEB) September 22, 2011 Homeowners, who go past 2012 with no loan mod and have to short sale, could have a huge tax bill. Some short sales take a year. Homeowners who wait until 2012 may have a short sale close in 2013 and face a huge tax bill. EHS says “Be Concerned.” Here’s how the 2007 Act works. If your lender forgives any of your loan, it
Contributor
About
PRWeb, a leader in online news and press release distribution, has been used by attorneys, law firms and more than 40,000 organizations
PRWeb, a leader in online news and press release distribution, has been used by attorneys, law firms and more than 40,000 organizations
Categories
- Articles 309
- Bankruptcy 44
- Business 133
- Cases & Codes 68
- Contracts 27
- Criminal Law 122
- Employment 24
- Expert Reports 3
- Expert Witness 34
- Family Law 57
- Form Letters 15
- Immigration 3
- Intellectual Prop 32
- Internet Law 10
- Law Practice 99
- Law School 2
- Legal Research 19
- Litigation 186
- Miscellaneous 64
- PR Web 41689
- Personal Injury 608
- Press Release 43
- Probate 54
- Real Estate 68
- Tax Law 23
- Workers Comp 4