Mortgage Forgiveness Debt Relief Act Extended Through 2014!

Great News for Charlottesville Short Sale Sellers Mortgage Debt Relief Act Extended Through 2014! The Mortgage Forgiveness Debt Relief Act of 2007 was created in the aftermath of the housing crash. It allows certain taxpayers to exclude income from the discharge of debt on their primary residence. This includes debt that has been reduced through […]

Charlottesville Short Sales: Mortgage Forgiveness Debt Relief Act Extended

Charlottesville Short Sales: Mortgage Forgiveness Debt Relief Act Extended The Mortgage Forgiveness Debt Relief Act has been extended another year unil January 1, 2014. For those unfamiliar with the Mortgage Forgiveness Debt Relief Act of 2007, it allows certain taxpayers to exclude income from the discharge of debt on their primary residence. This includes debt that has been […]