Chinese Drywall Complaint Center Now Calls No Extension of The Mortgage Forgiveness Debt Relief Act

The Chinese Drywall Complaint Center is saying, "If things were not already bad enough for homeowners stuck in a toxic Chinese drywall home, condo, or town home in Florida, Alabama, Mississippi, Louisiana, Southeast Texas, or Virginia-things could be on the verge of getting much, much worse. The Chinese Drywall Complaint Center fears without an extension of the Mortgage Forgiveness Debt Relief Act prior to December 31st 2012-any mortgage principal reduction a bank provides a toxic Chinese drywall homeowner will be treated by the IRS as ordinary income with the homeowner on the hook for
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