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Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives

Best I can tell the mortgage forgiveness debt Relief Act, which prevents underwater homeowners from having to pay income tax on the phantom Originally, it was set to expire on December 31, 2012 but the version of the fiscal cliff deal passed by the Senate extended the Mortgage Forgiveness.

Amanda Howard - Mortgage Forgiveness Debt Relief Act 2013 ST. PAUL — John McCain sought to reclaim the change mantle from Barack Obama in his acceptance speech tonight at the republican national convention, casting the choice in the fall presidential.

The Mortgage Debt Relief Act of 2007 has survived the "fiscal cliff," which will invariably lead to a continued increase in the number of short sales nationwide. The "fiscal cliff" deal will extend the Act for another year, meaning that homeowners who receive debt forgiveness resulting from a foreclosure.

Still, the McCain movement in the USA Today/Gallup poll is intriguing at a number of levels as it suggests that the Palin pick and the convention that followed could well have reset the narrative in.

Shiller sees scope for further home price declines up to 25% "While prices and sales of existing homes are close to normal, construction and new home sales remain weak," David Blitzer, chairman of the index committee at S&P Dow Jones Indices The S&P/Case Shiller composite index of 20 metropolitan areas gained 4.5 percent in December from the prior year.

Fiscal cliff deal preserves key housing tax breaks. Mortgage-interest deductions are a nearly $100 billion-per-year revenue drain for the U.S. Treasury, according to syndicate real estate observers were concerned that without the debt forgiveness tax break, homeowners would not consent to short.

COLUMBUS, Ohio — Sen. Barack Obama today plans to make a firm commitment to a Social Security tax hike on people making more than $250,000 a year, stepping away from an earlier plan he floated last.

Nerium Announces New Blogs. Mortgage Debt Foregiveness Act Extended Through 20.

Fiscal conservatives were seething over the lack of spending cuts in the bill and already are preparing to do battle with President Obama over the Obama will need cooperation from the same people who fought him tooth-and-nail over the fiscal cliff crisis, and this time, he may have a hard time getting it.

You may exclude debt reduced through mortgage restructuring, as well as mortgage debt forgiven in a For more information about the Mortgage Forgiveness Debt Relief Act of 2007, visit http The ITA tool is a tax law resource that takes you through a series of questions and provides you with.

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