Headline 2013 "Mortgage Debt Relief Act Extended!" What About 2014?
By Mike Baltierra, Full Service at Your Service Realtor-Eastvale CA
(Rise Realty )
Headlines for 2013 "Mortgage Debt Relief Act Extended!" What About 2014 Extension? Struggling home owners breathed a sigh of relief last year when congress extended The 'Mortgage Relief Act of 2007' for the second time after it had expired. Well here we are again waiting to see if after 6 years since it's conception if it will be extended till 2015. What Does It Mean If They Don't Extend The Mortgage Relief Act? What Does It Mean If They Do Extend The Mortgage Relief Act? If they Don't extended it one headline from the Washington Post reads "Underwater Home Owners Could Face Extra Tax Burden in 2014" They give an example of what it means if you owe more than what your home is worth and how you will pay taxes on the remaining money owed. Another headline from the Los Angeles Time sai...
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