I am just curious to know what is your opinion on the gov't extending the Mortage Tax Relief Act?
IMO- I think if it is not extended, everything that is being done with the modifications, principal reductions, etc is all in vain. The housing market is suppose to be getting better with all the modifications. However, if the Mortgage Tax Relief is not extended, homeowners will start to walk away from their homes because those are very large tax bills that the average homeowner CANNOT afford to pay! What do you think would happen?