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Government Housing Program Specialist (GHPS): California
HR 3648 – Mortgage Debt Relief Forgiveness Act Tenant Protection Act, Servicemembers Civil Relief Act (SCRA) State: SB 401 – State Tax Law (conforming to federal Mortgage Debt Relief Forgiveness Act) SB931 ... Access This Document
2007 RPAC Accomplishments FINAL Compatible
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Mortgage Forgiveness Debt Relief Act of 2007, P.L. 110‐42, 2007 HR 3648. • The new law is known as the Mortgage Forgiveness Debt Relief Act ... Access This Document
Annual Occupancy Reports - MHDC
The revision appears in HR 3648, Mortgage Forgiveness Debt Relief Act of 2007, Section 6, and reads as follows: SEC. 6. CLARIFICATION OF STUDENT HOUSING ELIGIBLE FOR LOW INCOME HOUSING CREDIT. ... Visit Document
2008.01 Buxmont Newsletter
Approve the Mortgage Forgiveness Debt Relief Act of 2007 (HR 3648) clearing the measure for President Bush's expected signature. JCT Estimated Revenue Effects of HR 3648, the Mortgage Forgiveness Debt Relief Act of 2007, as Amended and Passed by the Senate on December 14, 2007, JCX-118-07. ... Read Here
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LYNN ARENDS | ATTORNEY & MANAGING BROKER 9/5/11
Mortgage Forgiveness Debt Relief Act (HR 3648) ! Insolvency, as long as borrower is still insolvent (debts in excess of assets) after COD ! In Bankruptcy proceedings during the COD ! Unpaid mortgage interest that was added to the loan ... Read Content
Mortgage Forgiveness Debt Relief Act of 2007 (H.R. 3648) distress was enacted, called the Mortgage Forgiveness Debt Relief Act (H.R. 3648). The program was created to address “forgiven debt” a borrower may have after a short sale or ... Get Document
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H.R. 3648 – Mortgage Forgiveness Debt Relief Act Amends the Internal Revenue Code to exclude from gross income amounts DS voted FOR HR 3648; HR 3648 passed 386-27 (10-4-07) H.R. 2895 – National Affordable Housing Trust Fund Act ... Access Full Source
Understanding Mortgage Debt Cancellation
Understanding Mortgage Debt Cancellation A lender will, on occasion, forgive some portion of a borrower's debt. The general tax rule that applies to any debt ... View Doc
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House Passes "Phantom Income" Mortgage Relief Bill with Second Home Tax Restrictions The House-passed bill (HR 3648) To pay for the lost federal tax revenues caused by the debt relief and insurance ... Access Document
Union Calendar No. 220 TH ST CONGRESS SESSION H. R. 3648
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Consolidated Appropriations Act, 2008 (HR 2764) Mortgage Forgiveness Debt Relief Act of 2007 (HR 3648) Excludes the debt forgiven on a qualified principal residence from the definition of gross income subject to income tax. ... Read More
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Housing Legislation Fact Sheet United States - US California - CA
US HR 3648 Mortgage Forgiveness Debt Relief Act of 2007 Bill eliminates the income tax on mortgage debt forgiveness through January 1, 2010 on primary residences for people in financial hardships and lowers the amount of a gain made through the sale of ... Get Content Here
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