One of the states hit hardest by the foreclosure crisis is providing some relief to struggling homeowners.
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Tax Relief Bill to Hit President’s Desk
The bill extends a provision allowing borrowers who lost their homes through a short sale to exclude the forgiven mortgage debt from their gross income on tax returns.
Read More »What is Causing the Decline in Short Sales?
Consequences stemming from the expiration of the Mortgage Forgiveness Debt Relief Act may be surfacing, according to a perspective piece written by CoreLogic’s Kathryn Dobbyn. The piece found that throughout 2012 and into 2013, short sales had been steadily declining, partly due to rising home prices.
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