Bill to Extend Debt Forgiveness Income Proposed

From DS News

Bill Seeks to Extend Federal Tax Exemption for Forgiven Mortgage Debt

Congressman Bill Foster of Illinois introduced legislation on Tuesday that would extend the mortgage debt tax exemption that's been in place since 2007 for another two years. The Mortgage Debt Relief Act of 2007 gives tax-exempt status to debt that is reduced or cancelled through a loan modification or forgiven through a foreclosure or short sale. This tax relief, however, expired on December 31, 2013. » Read More


- Sunil Sethi


Helping Families Find Homes with Great Schools in Fremont, Newark and Union City.

Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax

   To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App".

Want to know if you qualify for any special loan programs. Check out CAR's Mortgage Directory

Love Us on Yelp!


   Like Us on Facebook