Monday, October 28, 2013

Hr 3648 California Mortgage Debt Relief Act 2012

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Purchase money loans secured by real property in California carry no personal liability. called the Mortgage Forgiveness Debt Relief Act of 2007, provides relief from debt forgiveness taxation for certain owner occupants until December 31, 2012. ... Read Article

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Suzy explains the past tax consequenses of a short sale and how the new "Mortgage Forgiveness Debt Relief Act of 2007 H.R. 3648" helps people trying to compl ... View Video

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People who have lost their homes through foreclosure or who have restructured their mortgage loans may qualify for tax relief under the Mortgage Forgiveness Debt Relief Act. ... Read Article

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The section of the Mortgage Debt Relief Act of 2007 that applies to this discussion is HR 3648. For those of us in California or in the luxury market, The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. ... Read Full Source

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TABLE OF CONTENTS
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Government Housing Program Specialist (GHPS): California
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