Mortgage Forgiveness Act in Jeopardy? Hiring and Retaining Employees the CFPB Way

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Posted To: Pipeline Press

Okay, so here's something entirely un-mortgage related - productivity this week stinks anyway. The kids are back from college, or on vacation from school, many have had great 2012's and are coasting, whatever. What's this about Mr. Rogers being a Navy SEAL sniper? Oh, and I thought that gerbil rumor was forgotten long ago. Read more . "Rob, what do you hear about the Mortgage Forgiveness Debt Relief Act extension ?" I have heard nothing about an extension, although it is a timely question. "If the Mortgage Forgiveness Debt Relief Act of 2007 does not get extended by Congress by the end of the year, homeowners will have to start paying income taxes on the portion of their mortgage that is forgiven in a foreclosure, short sale or principal reduction. That means if someone owes $150,000 on their...(read more)

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Source: www.mortgagenewsdaily.com

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