Lance Denha Comments About the Looming Deadline for Short Sales
The Law Offices of Lance Denha explains what effect the failure of Congress to extend the Mortgage Relief Act of 2007 would have on homeowners who are just now considering a Short Sale process. (PRWEB) October 09, 2012 As reported earlier this year by The Baltimore Sun on June 20th, unless Congress grants an extension, a law created in 2007 to help troubled homeowners expires at the end of this year. It allows them to avoid paying taxes on forgiven debt for their primary residences. As of this date, Congress has failed to take any action which could leave many sellers facing a daunting tax
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