The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
Will The Mortgage Forgiveness Debt Relief Act of 2007-2013 be extended thru 2014 ? I think this applies to short sales and debt settlement of 2nd mortgage etc.
I know that you can apply insolvency to evade some or all taxable implications but we made need to start pestering our elected officials to extend this act. I was thinking about some of us who are in the middle of actions and tactics with 2nd 's and it may be spill over in to 2014.